While the U.S. government pretends to make an effort to limit the budget, the military budget is projected to increase in alignment with Biden's budget proposal. In contrast, non-defense discretionary spending is expected to remain "roughly flat" at current year levels in 2024 as per the Fi...
A U.S. debt default would be catastrophic for the economy. That’s why the Chamber has been fighting for months to get a debt limit deal done.
Three of the sources said Trump, during the conversation about the debt limit, expressed frustrations with the 2023 deal former SpeakerKevin McCarthy(R-Calif.) struck with President Biden to raise the borrowing limit for two years — a sentiment he has previously expressed publicly. “I think h...
There are two ways for Congress to avoid a looming debt default: The first is by voting to raise the statutory debt limit, currently set at $31.4 trillion. The second is by voting to suspend the limit for a set amount of time, essentially stopping the clock on default. For House and S...
While the U.S. government pretends to make an effort to limit the budget, the military budget is projected to increase in alignment with Biden's budget proposal. In contrast, non-defense discretionary spending is expected to remain "roughly flat" at current year levels in 2024 as per the Fi...
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The final debt limit deal negotiated between House Republican leaders and the White House\nthat sets an $886 billion defense topline for fiscal year 2024 has received pushback from some\nGOP lawmakers as Congress aims to consider legislation this week.\nThe House Freedom Caucus and several ...
PresidentJoe Bidenhas not budged in three months on his refusal to negotiate over the debt limit, and has so far dismissed Republican efforts to tie a debt ceiling vote to a simultaneous deal on budget negotiations. In his speech Monday, McCarthy sought to lay the blame for any potential ma...
*The limit was waived for about 16 months, allowing $1.7 trillion in new debt. How it went down:The debt ceiling suspension was part of a closely held,last-minute budget dealRepublican congressional leaders struck with then-President Barack Obama, as much of Washington was distracted by then-...