Support for a bipartisan fiscal commission for federal debt management is increasing. Members of Congress are growing more aware of America’s rising debt, which has doubled in the…
Read MoreNational Debt
Interest on National Debt Now the Top Budget Expense
Treasury data shows interest exceeds $1 trillion per year. Information from the U.S. Treasury Department shows that estimated annualized interest payments on the nation’s debt exceeded $1 trillion…
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New House Speaker Considers Options as Budget Deadline Nears
Speaker Johnson seeks to unify his party and pass legislation that is viable in the Senate. Members of the majority in the House of Representatives held a closed-door…
Read MoreSpeaker Johnson Considering Debt Commission
The nation’s deficits and national debt are too high. House Speaker Mike Johnson of Louisiana told the House that he is giving consideration to the establishment of a…
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House Passes Energy Funding Bill
The lower chamber works to avoid another continuing resolution as the current one expires on November 17. The House of Representatives passed massive energy funding legislation on Thursday.…
Read MoreWhite House Submits Emergency Funding Request to Congress
The administration is also preparing a domestic funding request. On Friday, the White House sent an emergency funding request to Congress, asking for approximately $100 billion for border…
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Senate Votes Down Stopgap Funding Measure
The amendment would have required both chambers of Congress to work exclusively on appropriations should they not meet the current funding deadline. The Senate voted to not include…
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House Votes to Remove McCarthy as Speaker
The passage of the continuing resolution led to the motion to vacate the chair. Members of the House of Representatives voted Tuesday to remove Kevin McCarthy as speaker…
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President Calls for More Funding for Ukraine
The continuing resolution from Congress did not include additional aid. President Joe Biden gave a briefing after Congress passed a stopgap funding bill to avoid a government shutdown.…
Read MoreCongress Passes Continuing Resolution
Bill keeps the government funded for about 45 days. House Speaker Kevin McCarthy brought a temporary government funding bill to the floor of the lower chamber that received…
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