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.
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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.
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.
NDAA on hold while Congress grapples with debt limit
But that schedule coincided with ongoing leadership negotiations ahead of a June 1 deadline to lift the debt ceiling.
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.
Debt standoff is fodder for ads targeting vulnerable House members
A non-profit group affiliated with House Democrats launched a $1 million digital, research and messaging campaign that admonishes Republicans for pressing for sharp cuts to government programs and risking
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.
Nonprofits, lawmakers worry end of Title 42 will strain resources
Katie Britt of Alabama, the top Republican on the homeland spending panel, did not rule it out and said Biden’s requested budget for fiscal 2024, which proposed a 1 percent cut in discretionary funds to
Watchdog points to low budget requests for prison upkeep issues
And the report from the Justice Department’s inspector general pointed to $1 billion Congress has set aside for new prison construction that has gone unspent — including a Kentucky project the government
Democratic appropriator urges end to aid to Northern Triangle countries
Power, perhaps aware that losing Torres’ support could jeopardize prospects for over $1 billion in fiscal 2024 foreign aid funding for Central America requested by the Biden administration, pleaded with
Senator to pitch nearly $1 billion plan to fight fentanyl trafficking
Murphy will release a budget proposal Tuesday that would provide nearly $1 billion in next fiscal year’s government funding bill to fight fentanyl trafficking across the southwest border.
The GOP’s march of folly on the debt ceiling
As the financial abyss draws closer, there will be increasing talk about how the administration could avert the crisis through gimmicks like minting a $1 trillion platinum coin or challenging the constitutionality
Senate, for now, defers to Biden and McCarthy on debt talks
Yellen said Monday that the government may be unable to pay its bills on time as soon as June 1 — several senators said that leaves enough time to find agreement and brushed off any need for a short-term
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
Common ground on the debt limit? Here’s what to look for
Caps for the remainder of the decade would allow for 1 percent annual growth. Democrats may not agree with 1 percent but maybe they’d compromise around 2 percent, Rep. Don Bacon suggested.
House GOP leaders forge ahead with debt limit vote
The amendment would move up implementation of expanded work requirements for Temporary Assistance for Needy Families beneficiaries by a year, to Oct. 1, 2024.
Trillion-dollar deficits: Biden’s new normal
However, given the direction of current spending, the CBO baseline projects the annual deficit will be over $1 trillion dollars through 2029, and then it goes over $2 trillion dollars for the years spanning