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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.

Congress · 118th Congress

McCarthy, House Republicans reframe debt limit strategy

Dodaro, U.S. comptroller general, estimated during a House Oversight and Accountability Committee hearing Feb. 1. Niels Lesniewski, Aidan Quigley, David Lerman and Paul M.

Congress · 117th Congress

Ways and Means leaders working on lame-duck Social Security fix

In some states — including Brown’s home state of Ohio, Neal’s home state of Massachusetts, and Graves and Letlow’s home state of Louisiana — the provision impacts more than 1 percent of the population

Congress · 117th Congress

Supreme Court backs Congress on Puerto Rico resident benefits

The 8-1 decision keeps Puerto Rico residents from receiving Supplemental Security Income for aged, blind and disabled individuals, under a 1972 law that made U.S. residents eligible for the program

Congress · 117th Congress

Ways and Means contenders pony up for GOP campaign arm

The announcement from Buchanan’s campaign Wednesday said he told House Republicans that he expected a March 26 fundraiser at his Sarasota, Fla., home to bring in $1 million for the NRCC.

Congress · 117th Congress

Democrats mull disapproval process to break debt limit stalemate

could come in October or November, according to the Congressional Budget Office, though Treasury Secretary Janet Yellen has warned Congress must act sooner because of large benefit payments due Oct. 1.

Congress · 117th Congress

Gig workers would pay higher taxes under coronavirus aid bill

insert by Democrats looking to offset the cost of their coronavirus aid package would send tax collectors into the gig economy, eventually costing Uber and DoorDash drivers, Airbnb hosts and others about $1

Congress · 117th Congress

CBO: Minimum wage boost would increase deficit, cost jobs

referee Sanders said he could not understand how the CBO could project large deficits when the agency’s 2019 estimate of similar legislation found the wage boost would increase deficits by less than $1

Congress · 116th Congress

House Democrats float tax compromises in coronavirus relief talks

Business tax credits According to the proposal, House Democrats also want to include a beefed-up employee retention tax credit that was in their $2.4 trillion package the House passed Oct. 1.