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Policy · 117th Congress

Deficit cut in half last year, but more red ink lurks

For the fiscal year that began Oct. 1, the White House in August projected a deficit in the $1.3 trillion to $1.4 trillion range, depending on what policies are enacted.

Congress · 117th Congress

Ways and Means leaders working on lame-duck Social Security fix

In some states — including Brown’s home state of Ohio, Neal’s home state of Massachusetts, and Graves and Letlow’s home state of Louisiana — the provision impacts more than 1 percent of the population

Policy · 117th Congress

OMB: Deficits, growth lower in the near term, inflation up

when the Biden administration released its fiscal 2023 budget request, the Office of Management and Budget in a report issued Tuesday sees the deficit for the current fiscal year dropping to just over $1

Campaigns · 117th Congress

Biden elevates Rick Scott as economic policy adversary

be a part of our agenda: We will not have as part of our agenda a bill that raises taxes on half the American people and sunsets Social Security and Medicare within five years,” McConnell said March 1.

Congress · 117th Congress

Supreme Court backs Congress on Puerto Rico resident benefits

The 8-1 decision keeps Puerto Rico residents from receiving Supplemental Security Income for aged, blind and disabled individuals, under a 1972 law that made U.S. residents eligible for the program

Congress · 117th Congress

Ways and Means contenders pony up for GOP campaign arm

The announcement from Buchanan’s campaign Wednesday said he told House Republicans that he expected a March 26 fundraiser at his Sarasota, Fla., home to bring in $1 million for the NRCC.

Congress · 117th Congress

Democrats mull disapproval process to break debt limit stalemate

could come in October or November, according to the Congressional Budget Office, though Treasury Secretary Janet Yellen has warned Congress must act sooner because of large benefit payments due Oct. 1.