Debt ceiling crisisAs the June 1 deadline looms with the possibility the U.S. could run out of money to pay bills, Republicans are demanding spending cuts.Allison Bailey/NurPhoto via Shutterstock The federal government's record-high national debt is set to get even bigger, ...
Define US Government. US Government synonyms, US Government pronunciation, US Government translation, English dictionary definition of US Government. Noun 1. US Government - the executive and legislative and judicial branches of the federal government of
Federal Government Hits $14T Debt Limit; Has August Deadline to Raise the Ceiling
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...
Ontario: Beginning April 1, 2020, penalties and interest will not apply to businesses that miss any filing or remittance deadline under select provincial taxes. Quebec: Low-interest loans and loan guarantees of at least $50,000 Nova Scotia: Defer payments until June 30 for all government loan...
A GOP aide, however, downplayed the situation. "This is the normal process at this stage in negotiations. We are still on track to have a bill ready prior to the 11th deadline," said the aide, who declined to provide details about the GOP's original offer. ...
Ex-Obama adviser Austan Goolsbee said there's a decent chance a government shutdown occurs ahead of the April 28 debt-ceiling deadline. Why? Pure politics, as always. "I think there is a decent chance that despite Republicans controlling both houses of Congress and t...
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...
Lawmakers often temporarily push that deadline back by extending agencies’ current funding levels in a “continuing resolution” so they can continue negotiating. WHAT IS THE IMPACT? Hundreds of thousands of federal workers would be furloughed without pay and a wide range of services could be disr...
The spending fight came to the fore as a deadline to raise the debt ceiling approached last summer. The debt ceiling limits how much the government can borrow to fulfill its spending obligations, and is separate from appropriations bills, which set the funding levels. ...