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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Court Sets Hearing on Debt Limit Law
Federal judge to hear arguments on constitutionality. Federal Judge Richard Stearns of the U.S. District Court for Massachusetts has set May 31 at 2 p.m. to hear arguments…
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Treasury Updates Debt Ceiling Deadline
Negotiations on the debt ceiling continue between Speaker McCarthy and President Biden. UPDATE: 5/26, 2023, 5:30 PM EST In a letter to Congress, Treasury Secretary Janet Yellen narrowed…
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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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Land Near Military Bases Off Limits to Foreign Buyers
New rule on barriers proposed by Treasury Department. The U.S. Treasury Department has proposed a new rule that would establish barriers for non-Americans seeking to purchase land near…
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Treasury Secretary Congratulates New World Bank President
Secretary Yellen voices support for Ajay Banga’s ability to form climate policy. Secretary of the Treasury Janet Yellen congratulated Ajay Banga last week after he was elected president…
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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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Treasury Reports $129 Billion Brought In on Tax Day
Financial analysts watching 2022 tax receipts closely. The Department of the Treasury released the daily financial statement for the annual tax filing deadline last week, showing a total…
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