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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Debt Ceiling Talks Reach Impasse 

House negotiators report no progress as they leave a meeting with White House team. Speaker of the House Kevin McCarthy of California and his hand-picked debt ceiling negotiator, …

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Government Budget Negotiations Continue

President names advisors to his negotiating team. Before President Joe Biden headed to Japan and the G7 Summit, he added two advisers to his administration’s budget negotiation team.…

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Secretary Yellen Reaffirms June 1 Budget Deadline

She presses Congress to strike a deal. Treasury Secretary Janet Yellen wrote another letter to Congress this week, reaffirming that the federal government could run out of money…

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White House Postpones Debt Limit Meeting to Next Week 

President’s staff continues its planning.  Friday, May 12, had been set as the next time President Biden and top legislators would meet to try to hammer out a…

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President Biden Moving Slightly on Debt Ceiling 

Top federal leaders move to avoid a financial default. Following an event in New York City, President Joe Biden stated he is willing to negotiate spending cuts with…

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President Biden Calls for May 9 Budget Meeting

He says a draft budget is needed before June 1. President Joe Biden called on the four party leaders of Congress to attend a federal budget meeting at…

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House Passes Debt Ceiling Bill

President is unwilling to negotiate. The House of Representatives passed a bill on Wednesday that would increase the government’s legal debt ceiling in exchange for steep spending restrictions.…

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