Congress looking for ways to avoid regular adjustments of debt ceiling. Representative Bill Foster of Illinois and 42 co-sponsors introduced the End the Threat of Default Act which…
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Treasury Secretary Urges Congress to Act on Debt Ceiling
She says steps must be taken to avoid default. Treasury Secretary Janet Yellen has notified Congress that the statutory debt limit of the U.S. will be reached this…
Read MoreChamber of Commerce Urges Congress to End Gridlock
The lobbying group says businesses want to see progress. The U.S. Chamber of Commerce, the largest business lobbying group in the nation, has communicated to Congress that businesses…
Read MoreNew House Rules Contain Major Reforms
Rules package was approved Monday night. The House of Representatives has approved a rules package that is intended to control government spending, reduce bureaucracy, and challenge leadership. The…
Read MoreDebt Ceiling a Topic for Incoming Congress
Some legislators are encouraging better fiscal management. In the coming months, the current $31.4 trillion borrowing limit for the nation will need to be addressed by Congress. Some…
Read MoreCongress Approves Short-Term Funding
The new deadline is December 23. The House and Senate each passed a short-term bill to fund the government until December 23. The one-week continuing resolution averts a…
Read MoreNational Debt Tops $31 Trillion for First Time
Government spending is identified as the cause. The Treasury Department reported America’s gross national debt has eclipsed $31 trillion for the first time, a financial milestone arriving just…
Read MoreCongress Passes Stopgap Funding Bill
The president is expected to sign it Friday. On Thursday, the Senate passed a short-term spending measure that will avoid a partial government shutdown next week and boost…
Read MoreSenate to Vote on Stopgap Funding Bill
A continuing resolution would keep the government working. The Senate is set to vote Tuesday evening to advance a short-term bill to keep the government funded, but a…
Read MoreTreasury Department Reports $220 Billion August Deficit
The number is 29% higher than August of 2021. This week, the Treasury Department posted the U.S. government’s receipts for August 2022, reporting a $220 billion budget deficit.…
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