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The slowly unfolding fight over the debt limit and federal spending will inch forward on Wednesday as President Joe Biden and House Speaker Kevin McCarthy meet, their first such sit-down since...
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House Republicans are reportedly considering one or more short-term suspensions of the debt limit — not just to defuse the threat of a potentially catastrophic default but to maximize their leverage...
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As Republicans and Democrats gird for a prolonged fight over the debt ceiling, President Biden on Thursday attacked the GOP for ideas that he said could result in economic chaos.
At an event held in...
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As analysts and pundits try to game out how the fight over raising the debt limit might end, one scenario has President Joe Biden, Senate Democrats and Senate Republicans led by Mitch McConnell...
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Will they or won’t they? The White House insists that raising the debt limit is the responsibility of Congress and that it won’t negotiate with Speaker Kevin McCarthy (R-CA) and House Republicans who...
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The United States officially hit its congressionally authorized borrowing limit of $31.381 trillion on Thursday, forcing the Treasury Department to start using “extraordinary measures” to avoid a...
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The federal government is set to hit its borrowing limit of roughly $31.4 trillion on Thursday, setting the stage for what’s likely to be a months-long fight between House Republicans, the Biden...
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The progressive push to tax the rich is trying a new approach, The Washington Post’s Julie Zauzmer Weil reports:
“A group of legislators in statehouses across the country have coordinated to...
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House members can now claim reimbursement for meals, lodging and incidentals when they are in Washington, D.C. on official business, according to a rule change made late last year when Democrats...
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The federal budget deficit for calendar year 2022 totaled $1.42 trillion, according to data released Thursday by the Treasury Department.
Treasury’s monthly report showed that the deficit for...
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House Speaker Kevin McCarthy (R-CA) indicated Thursday that Republicans may want to negotiate a deal with the White House to cut spending in exchange for an increase in the debt ceiling that averts a...
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Last year was full of misery for taxpayers and tax professionals dealing with the Internal Revenue Service, but this year should be somewhat better, according to an independent watchdog’s annual...
