No deals are currently on the horizon. The deadline to increase the federal debt limit is only weeks away—December 15. Senate Majority Leader Chuck Schumer of New York and…
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President Negotiates Spending Deal with Congress
Goes to the Capitol to promote administration agenda. On Thursday, President Biden traveled to Capitol Hill to meet with legislators and promote his administration’s domestic policy plan. The…
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Speaker Predicts Economic Bill Passage This Week
Those crafting the bill have gotten “90%” of the legislation sorted out. On Sunday, House Speaker Nancy Pelosi indicated that the House of Representatives was close to a…
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Budget Results Released for Fiscal Year 2021
Treasury secretary and acting OMB director issue joint statement. U.S. Treasury Secretary Janet Yellen and White House Office of Management and Budget Acting Director Shalanda Young released a…
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Speaker Says Spending Bill Deal Within Sight
She expressed optimism after virtual meeting with president and Senate majority leader. Speaker of the House Nancy Pelosi met virtually on Friday with President Biden and Senate Majority…
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2022 Social Security Benefits Getting a Boost
The increase is the largest in nearly four decades. Roughly 70 million Social Security beneficiaries will see a 5.9 percent increase in their payments beginning next year. The…
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President Signs Bill Temporarily Raising Debt Limit
Federal default averted until December. President Joe Biden signed legislation on Thursday temporarily increasing the government’s borrowing limit to $28.9 trillion, delaying the deadline for debt default until…
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House Votes to Lift Debt Ceiling
Congress will have to address the situation again in December. On Tuesday, the House of Representatives passed the $480 billion debt limit increase in a vote of 219-206.…
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Senate to Vote on Temporary Debt-Ceiling Increase
Leaders agree on a compromise to carry through December 3. On Thursday, Senate Majority Leader Chuck Schumer announced an agreement had been reached with Minority Leader Mitch McConnell…
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Schumer Wants Action on Debt Ceiling This Week
Treasury Secretary warns October 18 is the deadline. Senate Majority Leader Chuck Schumer of New York said in a letter to colleagues Monday that legislators must act to…
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