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Congress · 118th Congress

CBO: Debt limit to hit as soon as July, budget picture worsens

But Wrightson ICAP said there remains “tail risk” that Congress would need to act by early June given “Treasury’s financial position will be at a low ebb from June 6 to June 14” after Treasury’s debt issuance

Congress · 118th Congress

House foreign aid cardinal sanguine on fiscal 2024 funding

In the fiscal 2023 bipartisan omnibus spending deal, Congress provided $59.7 billion in enduring funding for foreign aid and diplomacy programs, a $3.6 billion boost or roughly 6 percent increase

Policy · 118th Congress

‘Amtrak Joe’ touts transit funding for Northeast Corridor

The Transportation Department has yet to make any allocations for the project, although the Biden administration said it could receive up to $4.7 billion of its $6 billion total from the 2021 infrastructure

Congress · 117th Congress

Budget bill clears as Democrats seek to head off midterm losses

Numerous priorities from the original House measure were dropped, including an expanded child tax credit, paid family and medical leave, universal pre-kindergarten, child care for kids under 6, higher

Policy · 117th Congress

Inflation may shrink Biden’s big defense plan

Congress helped the Pentagon deal with inflation in fiscal 2022 by allocating in the omnibus bill fully 6 percent more than in the previous fiscal year, and that bill provided the Pentagon $6.5 billion

Policy · 117th Congress

EPA unveils rule to combat cross-state smog pollution

Ruling awaited A ruling from the high court, where conservative justices have a 6-3 majority, could bind the agency’s regulatory options to curb greenhouse gases.