Treasury secretary and acting OMB director issue joint statement. U.S. Treasury Secretary Janet Yellen and White House Office of Management and Budget Acting Director Shalanda Young released a…
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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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2022 Social Security Benefits Getting a Boost
The increase is the largest in nearly four decades. Roughly 70 million Social Security beneficiaries will see a 5.9 percent increase in their payments beginning next year. The…
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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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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…
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Coast Guard to Receive 2022 Budget Increase
Commandant says it is the right path to recapitalization. The U.S. Coast Guard will receive a budgetary increase for 2022. Coast Guard Commandant Admiral Karl Schultz said he…
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House Delays Vote on Infrastructure
Intraparty progressives and moderates at odds. The House of Representatives delayed a vote on the $1 trillion bipartisan infrastructure bill as a portion of the majority party has…
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Senate Bill Averts Shut Down
Funding extended through December 3. The Senate passed a bill on Thursday to keep the government funded through December 3. The House is expected to pass the extension also,…
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