Treasury Secretary Yellen objects to reduction even as the nation may borrow $2 trillion by yearend. Fitch Ratings, Inc. downgraded its rating of the stability of the federal…
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Congress Heads for August Break
Appropriations made scant progress before recess. Both chambers of Congress have departed Washington, D.C., for the August recess. Appropriations for the coming fiscal year are due by the…
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President Pledges to Veto Congressional Financial Cuts
The White House states additional cuts breach the previous budget agreement. The White House announced President Joe Biden “strongly opposes” legislation that proposes large military and veteran spending…
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Congress Seeks Common Ground on Government Funding
Federal budget as well as farm bill and FAA authorizations due by September 30. The current year’s budget was finally passed by Congress on June 5 after much…
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VA Lost Over $3.5 Billion in 2022 Fiscal Year
Inspector general reports several department programs improperly spend funds. The Department of Veterans Affairs (VA) Office of Inspector General reported that the department recorded nearly $3.5 billion of…
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House Votes Down Advancement of Gas Stove Bill
Majority members voted to halt legislation that would prohibit the ban on the appliances. As some state and local governments have begun banning gas-fueled appliances in new buildings…
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Debt Deal Passed by House Heads to Senate
Senator Schumer plans to fast-track the legislation. Senate Majority Leader Chuck Schumer of New York said there is no time to tamper with changes to the debt ceiling…
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House to Vote on Debt Ceiling
Reservations on the bill remain strong. The House of Representatives is expected to vote on a bill to suspend the debt ceiling Wednesday evening. The bill was negotiated…
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House to Vote on Spending and Debt Limit Deal
President and speaker come to an agreement. The House will vote Wednesday on a deal to increase the debt ceiling. The agreement would also cap some government spending over…
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Treasury Updates Debt Ceiling Deadline
Negotiations on the debt ceiling continue between Speaker McCarthy and President Biden. UPDATE: 5/26, 2023, 5:30 PM EST In a letter to Congress, Treasury Secretary Janet Yellen narrowed…
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