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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.

Policy · 118th Congress

International AIDS relief program, at 20, looks to next steps

Development at Meharry and project director for the HBCU-Global Health Consortium, said the overall transmission HIV rate for moms and babies in sub-Saharan Africa is about 11 percent, compared to less than 1

Policy · 117th Congress

Deficit cut in half last year, but more red ink lurks

For the fiscal year that began Oct. 1, the White House in August projected a deficit in the $1.3 trillion to $1.4 trillion range, depending on what policies are enacted.

Policy · 117th Congress

OMB: Deficits, growth lower in the near term, inflation up

when the Biden administration released its fiscal 2023 budget request, the Office of Management and Budget in a report issued Tuesday sees the deficit for the current fiscal year dropping to just over $1

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

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.

Policy · 116th Congress

Senate chairman worried ‘Real ID’ will shock air travelers

licenses required with the passage of a 2005 law  — Mississippi Republican Roger Wicker said he worries passengers who don’t have them and don’t know they need them will be caught by surprise on Oct. 1,