Debt-Limit Deal Advances in Senate
MANDEL NGAN The U.S. Senate took a step toward raising the federal government’s $28.9 trillion debt limit on Thursday when it voted to limit debate on the first of two…
House Passes Bill That Would Enable Congress to Raise Debt Ceiling With Simple Majority Vote
By Mimi Nguyen Ly The U.S. House of Representatives late Tuesday passed a procedural bill that would allow Congress to expedite legislation raising the federal debt limit by a simple majority vote. If the House-approved procedural…
Republicans block defense bill, stalling Schumer’s December spending sprint
by Susan Ferrechio Senate Republicans on Monday blocked a critical defense spending and policy bill, demanding more time to consider amendments, including one related to a Russian fuel pipeline. The annual…
As Debt Limit Deadline Nears, No Deal Appears Close
By Brian Freeman Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell do not appear to be anywhere near an agreement on raising the federal debt limit, even though there…
Liberal dark money juggernaut raises $1.6 billion to flood left-wing groups with cash, tax forms reveal
By Joe Schoffstall , Cameron Cawthorne The forms further show that the secret money network, managed by Washington, D.C.-based consulting firm Arabella Advisors, pushed an astounding $896 million in contributions and grants to liberal…
House spending bill increases deficit $800 billion over next five years
By Bruce Thompson President Joe Biden and House Democrats have said their $2.4 trillion tax and spending bill is fully paid for. The cost is zero, the White House claims.…
The single biggest provision in Biden bill in first half-decade is tax cut for wealthy
By Zachary Halaschak The most expensive item over the first half-decade of President Joe Biden’s climate and social spending legislation is a tax cut for the wealthy. The Democratic Build…
Biden’s ‘Build Back Better’ Plan Would Increase Deficit by $367 Billion Over 10 Years: CBO
By Katabella Roberts President Joe Biden’s “Build Back Better” legislation, if passed through Congress, would increase the U.S. deficit by $367 billion over 10 years, the Congressional Budget Office (CBO) said Thursday. That estimate does…
House passes Biden spending bill after months of delays
By Thomas Barrabi House lawmakers voted to pass President Biden’s expansive spending bill Friday despite opposition from Republicans and lingering questions about the White House’s claim that the cost of its policies will be…
Democrats are poised to play debt-ceiling chicken with Republicans again — and endanger the world financial system in the process
By bwinck@businessinsider.com (Ben Winck) Say something if you’ve heard this one before. The deadline to raise or suspend the debt ceiling is weeks away. Democrats say the responsibility to avoid a…
Democrats will take up spending bill ahead of full cost analysis
by Susan Ferrechio, House Democratic leaders said lawmakers could vote on a $1.85 trillion social welfare spending bill as early as Thursday before a full cost analysis is completed. Majority Leader…
Biden’s Social Security crisis
By Rep. Beth Van Duyne The only person less thrilled than President Joe Biden about his frequent comparisons to former President Jimmy Carter is Carter himself. To America, the comparison…