Parties moving closer on debt ceiling deal as talks drag on
But spending would grow just 1 percent the following year, in line with the GOP bill. Talks remained fluid as negotiators worked into the night Thursday.
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Supreme Court ruling will force changes to ‘waters of US’ rule
However, the justices were divided 5-4 when determining a new test to replace ones put forward in 2006 by Justices Anthony Kennedy and Antonin Scalia in the 4-1-4 ruling on Rapanos v. United States.
Debt limit talks back on, this time with change of venue
Their bill, which passed the House last month, would then cap spending growth at 1 percent for several following years.
Wide gulf between debt limit negotiators as time grows short
The precarious nature of negotiations has lawmakers on both sides of the aisle worried about their ability to lift the debt limit before June 1, when the Treasury Department expects it may run out of cash
Another day, another pause in debt ceiling negotiations
No deadline wiggle room Graves and McHenry each said they view June 1 as a hard deadline for resolving the debt limit impasse. Treasury Secretary Janet L.
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.
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.
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.
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.
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.
White House meeting delayed amid staff talks on budget, debt
"If these were staff meetings happening on Feb. 1, I’d call them productive," he said.
No debt deal, but Biden, Hill leaders agree to meet again
Joe Biden and Speaker Kevin McCarthy didn’t appear to get any closer to agreement on how to raise the debt ceiling after a roughly hourlong meeting Tuesday afternoon, which was their first since Feb. 1.
Business groups weigh in on debt limit impasse ahead of meeting
Yellen that the debt ceiling must be raised or suspended as early as June 1 to avoid missed payments that could spark economic calamity. In recent days, influential groups like the U.S.
Debt limit veterans look for hopeful signs in Tuesday’s meeting
The "x date" could be as soon as June 1, according to Treasury Secretary Janet L.
New debt limit forecast crashes into Capitol Hill
"After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government’s obligations by early June, and potentially as early as June 1, if