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…

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Speaker 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.…

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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.…

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Senate Prepares Bipartisan Continuing Resolution 

Senator McConnell calls it the “clearest path forward.”  Senate Majority Leader Chuck Schumer said a bipartisan group of senators worked over the weekend and came up with a…

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House Passes National Defense Authorization Act

The two chambers of Congress have to reconcile the variances in their passed legislation. The House of Representatives voted to pass its version of this year’s National Defense…

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Speaker Continues to Negotiate Spending Bill Proposals

Some members of the House are undeterred at the possibility of a government shutdown. Speaker of the House Kevin McCarthy is working to pass a temporary funding bill…

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