Reservations on the bill remain strong. The House of Representatives is expected to vote on a bill to suspend the debt ceiling Wednesday evening. The bill was negotiated…
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House to Vote on Spending and Debt Limit Deal
President and speaker come to an agreement. The House will vote Wednesday on a deal to increase the debt ceiling. The agreement would also cap some government spending over…
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Treasury Updates Debt Ceiling Deadline
Negotiations on the debt ceiling continue between Speaker McCarthy and President Biden. UPDATE: 5/26, 2023, 5:30 PM EST In a letter to Congress, Treasury Secretary Janet Yellen narrowed…
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Debt Ceiling Talks Reach Impasse
House negotiators report no progress as they leave a meeting with White House team. Speaker of the House Kevin McCarthy of California and his hand-picked debt ceiling negotiator, …
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Government Budget Negotiations Continue
President names advisors to his negotiating team. Before President Joe Biden headed to Japan and the G7 Summit, he added two advisers to his administration’s budget negotiation team.…
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Secretary Yellen Reaffirms June 1 Budget Deadline
She presses Congress to strike a deal. Treasury Secretary Janet Yellen wrote another letter to Congress this week, reaffirming that the federal government could run out of money…
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NSF Director Warns Against Delaying CHIPS Act Funding
He says extra funding key tool in the technological race against China. National Science Foundation Director Sethuraman Panchanathan shared his concerns that delayed government funding could put the…
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White House Postpones Debt Limit Meeting to Next Week
President’s staff continues its planning. Friday, May 12, had been set as the next time President Biden and top legislators would meet to try to hammer out a…
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President Biden Moving Slightly on Debt Ceiling
Top federal leaders move to avoid a financial default. Following an event in New York City, President Joe Biden stated he is willing to negotiate spending cuts with…
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Federal Reserve Raises Interest Rates Again
Currently at 5 percent. Federal Reserve officials raised interest rates a quarter of a percent Wednesday. Rates are now at their highest since 2007. This increase is yet another…
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