McCarthy says debt limit deal with Biden possible
Yellen says agency officials have determined that they can’t guarantee all federal payments can be made on time beyond June 1 without a debt limit increase or suspension.
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McCarthy: No deal yet, but debt limit meeting ‘productive’
He also said they still want to limit out-year growth to 1 percent annually, as they did with a decade of spending caps in the House-passed bill.
Biden, McCarthy will attempt to salvage debt limit deal
Yellen warned again Sunday that federal borrowing authority could run dry as early as June 1, leaving the government unable to pay all its bills.
‘Pause’ lifted, debt limit talks back on
House Republicans have pushed for a decade of caps on discretionary spending, which would revert to fiscal 2022 levels next year and then allow for 1 percent annual growth.
Campaigns · 118th Congress
At the Races: Bandwidth on the run
House Majority Forward, a Democratic nonprofit allied with the House leadership, launched digital ads in several districts as part of a previously announced $1 million campaign.Â
Contours of debt limit deal start to take shape
Yellen said could hit as early as June 1, negotiators are attempting to reach a framework for a deal by Sunday, when President Joe Biden returns from a trip to the G-7 summit in Japan.
Tighter TANF requirements may be ripe for debt limit accord
The number of families receiving benefits dropped by over 50 percent during that time, however, from around 2.1 million to less than 1 million, according to Department of Health and Human Services data
Party leaders optimistic as debt limit negotiators get to work
Lawmakers are signaling they could adjust those plans to ensure they pass a bill reflecting a potential deal before June 1, when Treasury Secretary Janet L.
White House defends Biden’s travel to Japan amid debt talks
House Republican Conference Chair Elise Stefanik of New York complained that, "with only 15 days until the June 1 deadline, Joe Biden is jetting off to Asia."
Earmarks increase in popularity, slightly, among GOP senators
However, the odds of disappointment are much greater for senators: appropriations leaders in both chambers have agreed to cap total earmarked dollars at 1 percent of overall discretionary spending.
Will 2024 be a personality contest or a policy debate?
Trying to make voters’ top issue, inflation, not the No. 1 issue is usually not a winning strategy. This signals the Biden team believes they can take inflation off the table by next year.
Recess starting to feel distant as debt limit deadline nears
The federal government is expected to run out of enough funds to pay all its bills on time as soon as June 1. Senate Majority Whip Richard J.
House Republican deficit plan seen as shift in thinking on China
Yellen has said the U.S. could default on its debt as early as June 1 unless lawmakers lift the $31.4 trillion ceiling. Rep.
Debt limit talks pared down to proxies for Biden, McCarthy
Yellen reiterated this week that the government could hit the "x date" when it no longer has enough funds to pay all its bills on time as soon as June 1.
Permitting overhaul: Before or after debt ceiling talks?
When lawmakers will act — as part of the debt ceiling negotiations or through separate talks — is emerging as a big question as the June 1 deadline nears for raising the debt limit.
Supreme Court to decide case on South Carolina congressional map
Republican-controlled legislature appealed the case, arguing in one of their briefs to the Supreme Court that the panel "nowhere mentioned other facts demonstrating that politics more readily explains District 1
Parties scramble for deal on debt limit, budget
the pressure on, reiterating in a letter to lawmakers Monday that the government could run out of cash and "extraordinary measures" used to stay under the $31.4 trillion debt ceiling as soon as June 1.
CBO sees ‘significant risk’ of debt limit breach before June 15
The report from the nonpartisan scorekeepers will likely keep the pressure on lawmakers to strike a deal to raise or suspend the debt limit before June 1, when Treasury Secretary Janet L.
California Republican leads push on bigger standard deduction
Permanently expanding the standard deduction could cost more than $1 trillion over a decade, based on the Congressional Budget Office’s estimate from last May, a price tag that could complicate advancing
Debt crisis: Biden should seek a 14th Amendment legal ruling. Trump just showed why
Not a single option guarantees the country doesn’t default on or around June 1. None would ensure a smooth path toward an outcome.