Rep. George Santos indicted on 13 charges
Then in 2022, Santos allegedly inflated his income from Devolder Organization LLC, which he stated was $750,000 and unearned income of between $1 million and $5 million, the indictment states.
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Biden blasts debt limit plan in New York district the GOP flipped
The NRCC announced a five-figure ad campaign targeting 35 vulnerable Democrats, while House Majority Forward is moving forward with a $1 million digital, research and messaging campaign criticizing Republicans
Bipartisan interest in new deposit insurance cap, but for whom?
Uninsured deposits are held in a small share of accounts but can be a large proportion of banks’ funding, particularly among the largest 10 percent and largest 1 percent of banks by asset size, the agency
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.
Labor union challenges constitutionality of debt limit law
The federal government could run out of borrowing room and be unable to pay all its bills on time, and that "x date" could be as soon as June 1, according to Yellen, who warned Monday of "economic catastrophe
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.
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
Yellen to lawmakers: Debt limit must be raised by June
Yellen said in a letter to congressional leaders Monday, noting that action may even be needed before June 1.
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
Scope of COVID-19 funding cuts emerges as debt limit flashpoint
Perez is a freshman who flipped a GOP-held seat last November, winning the heavily contested race by less than 1 percentage point in a district former President Donald Trump carried by about 4 points two
What McCarthy, GOP should fear about the never-ending abortion controversies
On a 1-10 scale, 43 percent said the issue was a 10 (the highest rating) and another 18 percent said it was an eight or nine.