Balanced-budget plan unveiled by House Republicans
Spending would then be allowed to grow by only 1 percent a year, which amounts to additional cuts after accounting for population growth and inflation.
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Arrington sets House budget resolution markup next week
But the timing is unclear with the focus on averting a partial government shutdown before the Oct. 1 appropriations deadline.
Santos off to slow start on constituent casework
"According to our records, we have [sic] it looks like we have 7 solved cases for IRS and 1 on active/on-hold case.
How Marc Molinaro went from teenage mayor to key vote in Congress
He ran a targeted campaign, and he said some things that were entirely untrue, but in a district that’s basically 50-50, neither of us was going to win by more than 1 or 2 points, and I won by 2.
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."
Yellen: Treasury to have ‘insufficient resources’ by June 5
She had previously warned lawmakers that the department’s funds could run too low as soon as June 1, so the update offered slightly more breathing room as McCarthy and the White House work to negotiate
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.
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.
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.
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.
Debt limit bill in hand, McCarthy eyes vote next week
The measure would also cap spending for the remainder of the decade, allowing for 1 percent annual growth; appropriations wouldn’t return to the $1.6 trillion fiscal 2023 enacted level for a decade under
McCarthy blasts Biden, Democrats over debt limit
wish the current, extreme Joe Biden would listen to the former Joe Biden too." ’Stop the partisan ways’ McCarthy said he’s not heard from the White House on the debt limit since he and Biden met on Feb. 1.
GOP debt limit plans begin to take shape in House
lift the debt limit through May 2024 and set a cap on discretionary spending for at least fiscal 2024 and potentially limit appropriations growth over the next decade to somewhere in the ballpark of 1
Chicken-or-egg game is on as Congress barrels toward debt limit
He said the House budget was likely to hold discretionary spending to a 1 percent annual increase over 10 years, which he said would produce about $2.7 trillion in deficit reduction.
Balanced budget takes back seat to paring spending to ’22 levels at GOP retreat
The Freedom Caucus plan would cap spending at fiscal 2022 levels over the next 10 years while allowing for 1 percent annual growth.
Insurers, Republicans square off with Biden on Medicare ‘cuts’
As part of its annual payment updates to Medicare Advantage plans, CMS proposed earlier this month a 1 percent increase for 2024 — a smaller increase than proposed in past years that is being framed as
Congress · 118th Congress
CBO: Debt limit to hit as soon as July, budget picture worsens
That compares to already slowing growth in 2022, when the economy expanded by an inflation-adjusted 1 percent, down sharply from the previous year coming out of the pandemic-induced downturn.
Opinion · 118th Congress
Is Joe Biden out of touch, or is he just cynical?
Both The Washington Post (Jan. 27-Feb. 1) and CBS (Feb. 1-4) have new surveys out with data that clashes with Biden’s rosy view of the state of the union.
Congress · 118th Congress
McCarthy, House Republicans reframe debt limit strategy
Dodaro, U.S. comptroller general, estimated during a House Oversight and Accountability Committee hearing Feb. 1. Niels Lesniewski, Aidan Quigley, David Lerman and Paul M.
Congress · 118th Congress
Thomas Massie will wear his ticking debt clock to the State of the Union
“A 1 percent cut is an incentive for both Republicans and Democrats to come to the table,” Massie said.