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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

Campaigns · 118th Congress

At the Races: Democrats’ Senate forecast brightens?

With Democrats needing a net gain of five seats to take back the House, the poll found a 1-point GOP edge in the generic House ballot with DeSantis at the top of the ticket, with a Republican candidate

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

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

Sen. Bob Menendez sets up legal defense fund, again

Soliman said being able to raise more than $1 million in the quarter more than a year before the election "shows the incredible support for Senator Menendez and his accomplishments for the people all across

Climate credits, IRS funds snarl GOP debt limit talks

The plan includes capping fiscal 2024 discretionary spending at fiscal 2022 levels and limiting annual growth to 1 percent for the remainder of the decade; canceling President Joe Biden’s student loan

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.

Campaigns · 118th Congress

At the Races: New skirmish, same war

Kirsten Engel, a Democrat who lost by 1 point to GOP Rep. Juan Ciscomani in an Arizona district that backed Biden by 0.1 points, is also trying again. 

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