Treasury Secretary Yellen objects to reduction even as the nation may borrow $2 trillion by yearend. Fitch Ratings, Inc. downgraded its rating of the stability of the federal…
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Congress Heads for August Break
Appropriations made scant progress before recess. Both chambers of Congress have departed Washington, D.C., for the August recess. Appropriations for the coming fiscal year are due by the…
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President Pledges to Veto Congressional Financial Cuts
The White House states additional cuts breach the previous budget agreement. The White House announced President Joe Biden “strongly opposes” legislation that proposes large military and veteran spending…
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VA Lost Over $3.5 Billion in 2022 Fiscal Year
Inspector general reports several department programs improperly spend funds. The Department of Veterans Affairs (VA) Office of Inspector General reported that the department recorded nearly $3.5 billion of…
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House Votes Down Advancement of Gas Stove Bill
Majority members voted to halt legislation that would prohibit the ban on the appliances. As some state and local governments have begun banning gas-fueled appliances in new buildings…
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Debt Deal Passed by House Heads to Senate
Senator Schumer plans to fast-track the legislation. Senate Majority Leader Chuck Schumer of New York said there is no time to tamper with changes to the debt ceiling…
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House to Vote on Debt Ceiling
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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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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