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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.

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

Biden district Republicans hold their fire on debt ceiling bill

"You’re talking about Manchin’s spending proposal, pre-pandemic spending levels, and then capping it at 1 percent over the next 10 years," he said, referring to centrist Sen. Joe Manchin III, D-W.Va.

Sponsored Content · 118th Congress

Advancing the potential for tobacco harm reduction.

In fact, our research estimates 53 percent of adult tobacco consumers ages 21+ are interested in completely switching from cigarettes to a smoke-free (non-combustible) tobacco product.1 According to a

Republicans urge tweaks to House debt limit bill ahead of vote

the measure’s fiscal restraints would reset discretionary spending for the upcoming budget year to levels appropriated for fiscal 2022, and then impose caps for an additional nine years allowing for 1

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

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.