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Debt limit action needed by mid-August, analysts warn

This scenario, Moody’s wrote, would push the economy into a recession next year, cost 2.6 million jobs and push unemployment back to almost 6 percent, and shave 2.7 percent off inflation-adjusted gross

Campaigns · 117th Congress

Here’s who won open House seats in the 2022 midterms

In 2020, the district went for Biden by 10 points, but as redrawn in redistricting, it would have backed Trump by 6 points.

Policy · 117th Congress

SEC’s climate rule heats up debate on supply chain emissions

difficult to access downstream information on customers’ use of their products,” the National Association of Manufacturers, which represents 14,000 member companies, wrote in a letter to the SEC on June 6.

Campaigns · 117th Congress

Primaries show divisions are not only between the parties, but within them

Mike Simpson, one of the 35 Republicans who voted in favor of an independent, bipartisan commission to investigate the Jan. 6, 2021, insurrection, easily won his primary Tuesday, beating back a challenge

Campaigns · 117th Congress

In 2024, it could be Biden, Harris or bust

Either development could allow Biden to position himself as the defender of the political center against Trump, the Jan. 6 insurrectionists and a right-wing, populist GOP that increasingly believes

Policy · 117th Congress

Biden extends student loan repayment pause

“Now, while our jobs recovery is one of the strongest ever — with nearly 6 million jobs added this year, the fewest Americans filing for unemployment in more than 50 years, and overall unemployment

Congress · 117th Congress

GOP claims victory in final defense policy bill

Norton said in a release that Trump’s use of the Guard in 2020, followed by his failure to call it out quickly to repel the rioters storming the Capitol on Jan. 6 of this year, were “prime examples

Policy · 117th Congress

Biden to stay with Powell as Fed chairman

. | President Joe Biden said Monday he plans to stick with Jerome Powell as Federal Reserve chair, supporting continuity in leadership as annual inflation topped 6 percent last month in the fastest increase

Congress · 117th Congress

Manchin throws wrench into budget, infrastructure talks

Budget Chairman Bernie Sanders, I-Vt., who had originally pushed for $6 trillion, said every senator on his panel agreed to the lower figure, which he and others have said was a compromise between moderates

Congress · 117th Congress

Democrats’ split on energy policies threaten budget bill

That bill would also eliminate the foreign tax credit break, worth nearly $6 billion over a decade, while repealing the GILTI exemption for overseas oil and gas extraction profits.