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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.

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

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.

Podcasts · 118th Congress

GOP’s budget attack - Roll Call

Senate appropriators say ’yes we can’’Watershed’ $1 trillion defense budget on the horizonWhite House blueprint would raise taxes, boost spending

Voters are smarter than Biden thinks

Our latest "Winning the Issues" survey (conducted March 1-3) confirms an electorate that is simply not buying the president’s narrative that his policies are working to lower inflation and spur growth.

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.

White House · 118th Congress

White House budget set for early March delivery

And the $1.7 trillion fiscal 2023 omnibus spending package didn’t clear until Dec. 23, giving the administration less time to assess agencies’ needs for the new fiscal year starting Oct. 1 and provide

Congress · 118th Congress

Manchin pushes stricter electric vehicle credit rules

Manchin’s new bill would retroactively put into effect battery and critical mineral sourcing mandates starting from Jan. 1 of this year, rather than giving leeway until Treasury produces guidance

Congress · 117th Congress

House Democrats move to release Trump taxes

JCT’s summary showed Trump reported net federal income taxes of $0 for the 2020 tax year, $750 in multiple years and almost $1 million one year.