New borrowing authority is needed by December 15 to avoid a shutdown. House Majority Leader Steny Hoyer said Monday that the House will vote on a bill to…
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Appropriators Reach Deal on Government Funding
Congress works to avoid government shutdown. House Appropriations Committee Chair Rosa DeLauro of Connecticut said that the top congressional appropriators have reached an agreement on a spending deal to fund…
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Congress Nears Debt Limit Deadline
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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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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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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House Returns to Washington for Debt Limit Vote
If approved, the debt limit will need to be addressed again in December. Members of the House of Representatives returned to Washington, D.C., on Tuesday to cast their…
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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…
Read MoreSenators Block Vote on Debt Ceiling
Government will be out of money on October 18, Secretary Yellen says. As a potential shutdown approaches, a procedural vote to advance Senate consideration of a continuing resolution…
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