Debt ceiling would go up, and discretionary spending would come down. House Speaker Kevin McCarthy of California revealed a plan to increase the debt limit and cut government…
Read MoreFederal Budget
Congress Takes Up Budget Hearings
The National Defense Authorization Act is one of the key items. Congress returned from Easter break to begin over 20 budget hearings in the House and Senate Appropriations…
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Speaker McCarthy Addresses New York Stock Exchange
He discussed the debt ceiling and spending cuts. Speaker of the House of Representatives Kevin McCarthy outlined his plan to cut federal spending and arrange for an increase…
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Secretary Yellen Proposes Treasury Budget for 2024
Secretary highlights the IRS, anti-Russia efforts, and recent bank saves as part of her budget proposal. Secretary Janet Yellen testified before the House Committee of Financial Services and…
Read MoreSpeaker Seeks Debt Ceiling Meeting with President
Speaker McCarthy hopes to limit government spending. In a letter sent Tuesday to President Biden, House Speaker Kevin McCarthy of California asked for a round of talks to…
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Secretary Blinken Presents Budget Request to Foreign Affairs Committee
Secretary Blinken urges Congress to address “intense competition” in post-Cold War world. Secretary of State Antony Blinken delivered the 2024 budget proposal for his department to the House…
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18 Transit Projects Recommended for Funding
Transportation secretary advocates for large rail and bus rapid transit construction. The U.S. Transportation Department announced that 18 large transit projects in 11 states have been recommended for…
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House Speaker Responds to President’s Proposed Budget
White House appears ready to negotiate. President Biden has submitted his budget to Congress. The $6.8 trillion budget addresses four main areas—deficit reduction, lower costs for families, Medicare…
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Pentagon to Submit Historic Budget
Defense Department is seeking $835 billion from Congress. The largest, non-inflation-adjusted budget request in history is being submitted to Congress from the Department of Defense for its fiscal…
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CBO Director Calls for Cutting Deficit Spending in Half
Debt could stabilize in 10 years. Congressional Budget Office Director Phillip Swagel said that reducing deficit spending by 50 percent, as measured as a percentage of the country’s…
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