Cuts have been proposed in the 2024 draft budget. The U.S. Department of Agriculture (USDA) recently made a request of Congress, asking that legislators not cut $1 billion…
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House Resumes Budget Negotiations
Speaker Johnson may consider short-term funding options as divisions remain on appropriations. Members of the House of Representatives are discussing the four appropriations measures needed to keep the…
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Speaker Johnson Announces Federal Funding Deal
Legislators seek to avoid a government shutdown. House Speaker Mike Johnson said members of Congress in both the House and Senate have reached a deal on federal spending.…
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Treasury Department Reports U.S. Debt Surpasses $34 Trillion
Highest-ever debt milestone for the United States. The Treasury Department reported that the federal government reached the highest recorded levels of public debt, closing 2023 with $34.001 trillion…
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Treasury Department Estimates National Debt Near $34 Trillion
One legislator says federal spending is at a breaking point. The U.S. Census population clock shows the population of America to be nearly 336 million people. The Treasury Department…
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Administration Approves $4.8 Billion in Student Debt Cancellation
While a bill to repeal the president’s SAVE plan passes in the House of Representatives. President Biden’s administration approved the cancellation of $4.8 billion in federal student loan…
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Armed Services Committee Prepares Defense Policy Bill
Chairman expresses optimism that it will receive bipartisan support. The House Armed Services Committee is set to release the text of this year’s National Defense Authorization Act (NDAA).…
Read MoreLegislators Begin Considering Ways to Address Rising U.S. Debt
Support for a bipartisan fiscal commission for federal debt management is increasing. Members of Congress are growing more aware of America’s rising debt, which has doubled in the…
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Interest on National Debt Now the Top Budget Expense
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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