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 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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House to Vote on Four Appropriations Bills
Floor debate and vote are not yet scheduled. Four separate spending bills cleared House committees Tuesday. Speaker Kevin McCarthy, who has not yet scheduled debate or floor votes,…
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Senator Thune Says Stopgap Spending Necessary to Avoid Shutdown
Some members of the House are unwilling to compromise. Senator John Thune of South Dakota said that Congress will have to agree on short-term funding for the government…
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House Speaker Proposes Stopgap Continuing Resolution
The short-term government funding measure would avert a shutdown. Speaker of the House Kevin McCarthy of California is suggesting a short-term measure in Congress to avoid a government…
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America’s Credit Rating Downgraded
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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