Deadline Looms To Raise Ceiling On Federal Debt.Reports on the U.S. Congress' lack of action in meeting the Treasury Department's deadline to raise federal debt ceiling to avoid default on its obligation.Wall Street Journal - Eastern Edition...
Government shutdowns and debt ceiling showdowns now occur on a regular basis. They grab headlines and motivate activists on both sides of the nation's political divide. But they change nothing – at least when it comes to the trajectory of federal finances. Government spending doesn't get cu...
Budget resolutions can include instructions to committees to report reconciliation legislation, often with a deadline, to meet spending and revenue targets. The reconciliation instructions also can require reporting of debt-ceiling legislation, which can come in handy because of the simple majority factor...
Passage of the continuing resolution (CR) avoided the threat of a shutdown that was looming if Congress failed to meet the October 1 deadline for completing fiscal year (FY) 2018 appropriations bills. The legislation also temporarily suspended the debt ceiling and replenished a disaster relief ...
Federal Government Hits $14T Debt Limit; Has August Deadline to Raise the Ceiling