House Speaker Kevin McCarthy (R-CA) on Wednesday announced a bill that he said would raise the debt limit into next year and cut some $4.5 trillion in spending. The bill has no chance of passing ...
President Joe Biden, who has asked for a clean debt limit increase without any spending cuts ... McCarthy told reporters he is confident his bill, which is expected to get to a floor vote next ...
Tucked inside a massive measure to fund the government through the fall are several initiatives sought by members of both ...
The federal debt as a share of the U.S. economy is poised to hit a record by 2029 and will continue to rise over the next ...
warned that any debt limit bill that can pass the Senate is similarly ... deals — under Biden and Trump — increased federal spending: Republicans wanted higher military spending, and Democrats ...
A Republican-championed bill to raise the debt ceiling is passed by the House ... and sets discretionary spending limits of roughly $1 trillion for new budget authority and $1.22 trillion in ...
House Republicans recently passed legislation aimed at raising the nation's debt limit. The bill includes a freeze on government spending levels and makes various other significant alterations to ...
You might remember that bill hammered out in February ... Gephardt (D-MO), which automatically increases the debt limit when Congress enacts spending bills. (This is what most countries do rather ...
Republicans are lining up behind the House GOP bill, which they have called a good starting place in bipartisan debt limit talks. But Democrats, who oppose tying any spending cuts to raising the ...
The debt ceiling bill "takes the threat of catastrophic ... reached with President Biden sets meaningful limits on the Administration's spending agenda. At the same time, it secures permitting ...
(2) Republicans are willing to raise the debt limit until December at current spending levels. (3) If Democrats give up on their $2 trillion social-spending reconciliation bill, then “a more ...
The nonpartisan Congressional Budget Office says it expects the federal government will be awash in debt over the next 30 ...