Debt limit
Eight Republicans are running for U.S. House speaker. Here’s your guide to the field.
WASHINGTON –– The eight Republican candidates to be speaker of the U.S. House were set to make their cases to their colleagues Monday evening, as the House Republican Conference restarted its process to choose a candidate. The chamber has been in turmoil since eight Republicans voted with all House Democrats to remove Speaker Kevin McCarthy […]
U.S. House GOP spending bills falter as Congress struggles to avoid a shutdown
WASHINGTON — U.S. Senate Democrats said Tuesday they are preparing their own short-term spending bill that they believe will garner bipartisan support, a decision that could stave off a partial government shutdown after House Republicans failed to advance two spending bills. The Senate move would work as long as the House votes to approve whatever […]
That 1% cut in federal spending in the debt limit law? It’s complicated.
WASHINGTON — The debt limit law Congress approved earlier this year included a much-publicized provision that would cut all federal spending by 1% if Republicans and Democrats fail to reach agreement on the dozen government funding bills before Jan. 1. That sounds pretty threatening. But the across-the-board automatic spending cut wouldn’t actually have any real-world […]
U.S. Senate spending panel sets funding levels for annual bills
WASHINGTON — A group of U.S. Senate Democrats on Thursday approved funding levels for dozens of federal departments for the fiscal year that starts Oct. 1 — setting up a likely clash with House Republicans as a deadline approaches later this year. The move to advance the spending plan was essential if Congress is going […]
D.C. spending standoff ahead as U.S. House Republicans demand $130 billion in cuts
WASHINGTON — U.S. House Republicans outlined Wednesday how they would cut $130 billion from the dozen annual government funding bills — producing a plan with significantly lower spending than the level both parties agreed to in the debt limit deal just two weeks ago. The spending levels likely set up a stalemate later this year […]
U.S. Senate sends Biden debt limit legislation ahead of Monday default deadline
WASHINGTON — The bipartisan debt limit bill is on its way to President Joe Biden after the U.S. Senate voted Thursday to clear the measure for his signature. The 63-36 vote followed several amendment votes, all of which were rejected. Biden is expected to quickly sign the package, preventing a default on the debt that […]
U.S. House approves debt limit package, sending it to Senate days before default deadline
WASHINGTON — The U.S. House took a broadly bipartisan vote Wednesday night on the debt limit package, sending it to the U.S. Senate where lawmakers are expected to vote quickly to clear the measure. The bill would suspend the nation’s borrowing limit through Jan. 1, 2025 and set caps on discretionary spending for two years. […]
New work requirements for some SNAP recipients included in debt limit deal
WASHINGTON — The holiday weekend debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy preserves in part new work requirements for some food stamp recipients but now with exceptions for certain populations, including veterans. The agreement released late Saturday night showed concessions from both sides — from GOP members, who wanted […]
Debt limit deal hits turbulence in Congress as leaders prep for vote
WASHINGTON — Congress began moving the bipartisan debt limit package forward Tuesday, though frustrations with provisions in the bill could make for narrow passage in the U.S. House and U.S. Senate. Conservative Republicans and progressive Democrats both aired their disappointment with the agreement forged over the weekend, but only GOP lawmakers are looking to possibly […]
Biden, McCarthy say they have brokered a debt limit deal to avert U.S. default
WASHINGTON — House Speaker Kevin McCarthy announced a deal in principle Saturday night that would stave off a first-ever default on the nation’s debt as long as it can clear both chambers of Congress before June 5. The agreement would address the nation’s debt limit and include a “historic” reduction in spending, McCarthy said, though […]
Treasury secretary pinpoints June 5 as earliest date for U.S. debt default
WASHINGTON — Republicans in Congress and the Biden administration have until at least June 5 to broker and enact a debt limit bill under new estimates from the Treasury Department, giving negotiators a few more days before the country would default. “Based on the most recent available data, we now estimate that Treasury will have […]
With debt default as soon as a week away, U.S. House jets off for holiday break
WASHINGTON — U.S. House members walked down the steps of the Capitol building Thursday morning to head back to their districts for a Memorial Day recess that began exactly one week before the country could default on the debt. House Democrats took to the floor after the final vote of the week to give a […]