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…
Read MoreFederal Spending
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…
Read More
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…
Read More
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, …
Read More
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.…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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.…
Read More