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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The United States Hits Borrowing Limit
Treasury takes extraordinary measures as Congress grapples with the federal debt ceiling. On Thursday, the United State reached its borrowing limit, and the Department of Treasury began taking…
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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…
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Spending Bill Flown to St. Croix for President’s Signature
White House forwarded the legislation on a commercial carrier. While federal legislators finalized the authorization of the government spending bill, President Joe Biden signed an extension passed by…
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Debt 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…
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Congressionally Mandated Oil Reserve Sales Cancelled for 2023
SPR levels were significantly depleted by sales in 2022. Congress included a provision in the 2023 spending bill that cancels certain mandated sales from the Strategic Petroleum Reserve…
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Spending Bill Provides 4,000 More Visas for Afghan Allies
Senator Shaheen supported the provision that will assist Afghan allies stuck overseas. Congress outlined hundreds of provisions in the omnibus spending bill for 2023. One of these provisions…
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Government Funding Omnibus Bill Passes in Senate
Senator Sinema offers an alternate immigration amendment to facilitate approval. On Thursday, the U.S. Senate passed the massive $1.7 trillion omnibus package to fund the federal government for…
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Federal Legislators Continue to Work on Funding Bill
Congress tries to avert a government shutdown Friday. Members of Congress have unveiled a $1.7 trillion government spending bill that would provide $858 billion to the military. Domestic…
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Congress 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…
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