Senators eye Ukraine aid bills as avenue to increase DOD budget
In fiscal 2025, the cap would be $895 billion, a 1 percent increase from fiscal 2024.
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Meet the House members who voted against the debt limit deal
A bipartisan bill to suspend the debt limit through Jan. 1, 2025, and cut spending by at least $1.5 trillion passed the House with a coalition of Republican and Democratic votes built from the center out
Debt limit package passes House, heads to Senate
The bill would suspend the debt limit until Jan. 1, 2025, pushing it past the November 2024 elections. The debt limit was last raised in December 2021 to $31.4 trillion.
Cicilline signing off after years of fighting for progressive causes
The seven-term Democrat from Rhode Island’s 1st District announced a little more than three months ago that he’d be leaving Congress effective June 1 to become president and CEO of the Rhode Island Foundation
Hawks worry about defense caps in debt limit deal
In fiscal 2025, defense spending would be capped at $895 billion, just a 1 percent increase from the previous year.
Debt bill dissatisfaction threatens deeper GOP rift
Still, a sizable chunk of the conference is planning to oppose the bill because they don’t think it cuts spending enough — especially in exchange for suspending the debt limit until Jan. 1, 2025, an estimated
Who is Rep. Thomas Massie, the key debt limit supporter?
Massie said he supported a "redeeming portion" of the debt agreement that would implement a 1 percent cut to both defense spending and nondefense spending if all 12 appropriations bills are not signed
Bipartisan debt limit package unveiled as clock ticks toward ‘x date’
That’s just $1 billion lower than the comparable figure this current fiscal year, officials said.
Bipartisan deal reached to raise debt limit, cap appropriations
As described by sources familiar with the accord, the nation’s borrowing cap would be suspended until Jan. 1, 2025, avoiding another market-rattling fight during an election year.
Debt limit deal appears close as negotiators keep working
While the deadline shift from June 1 to June 5 doesn’t change negotiators’ urgency, it could help them get a bill through both chambers of Congress before the "x date."
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.
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.
Campaigns · 118th Congress
At the Races: Survey says what?
Democrats may have cheered Wednesday when Monmouth University released a poll with the headline “Clean debt deal preferred by 2-to-1.”
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
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.
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.
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.