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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.

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

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

Campaigns · 117th Congress

Biden elevates Rick Scott as economic policy adversary

be a part of our agenda: We will not have as part of our agenda a bill that raises taxes on half the American people and sunsets Social Security and Medicare within five years,” McConnell said March 1.

White House · 116th Congress

Trump’s threats to massive spending bill spoil Christmas break

[jwp-video n=”1″] [Trump demands Congress ‘amend’ massive spending package] Pelosi tweeted that the House could pass a bill boosting the checks’ size to $2,000 by unanimous consent on Christmas

White House · 116th Congress

Social Security’s safe with us, Mnuchin says

Mnuchin, who oversees the IRS, to stop collecting the 6.2 percent workers’ share of the payroll tax that funds Social Security — limited to those earning less than about $104,000 annually — between Sept. 1

Congress · 116th Congress

White House, Democrats hung up on coronavirus stimulus

[jwp-video n=”1″] A notice to lawmakers from Majority Leader Steny H. Hoyer, D-Md., preceded Pelosi’s comments, telling colleagues to be ready to vote Friday no matter the outcome.

White House · 116th Congress

Trump: US shoots down Iranian drone in Strait of Hormuz

[jwp-video n=”1″] The 48-Star U.S. flag that led the first American troops to Utah Beach was purchased at auction by a Dutch art collector three years ago for $514,000, according to pool reports

White House · 116th Congress

3 things about Congress buried in the Mueller report

Watch – Trump on Mueller report: ‘Nothing wrong with firing him’ [jwp-video n=”1″] But Mueller’s team disclosed that she told a Senate committee that her true intentions were not to speak

White House · 116th Congress

White House to put Medicare cuts on hold during shutdown

Also watch: What really happens during a government shutdown, explained [jwp-video n=”1″] The stopgap funding bills lawmakers were considering in December to avert the partial shutdown would