Budget Battles
-
Biden Touts Debt Limit Bill: 'Crisis Averted'
-
Senate Scrambles to Get to Final Debt Limit Vote
-
Debt Limit Deal Clears a Major Hurdle
-
Republicans Revolt Against McCarthy’s Deal
-
Yellen Warns Default Deadline Just 10 Days Away
-
Right and Left Fume as Negotiators Near a Debt Limit Deal
-
Republicans Rebuff Biden Offers as Debt Talks Bog Down
-
Biden Touts Passage of Debt Limit Bill: 'Crisis Averted'
In an address to the nation on Friday, President Joe Biden celebrated the passage of the bipartisan bill to raise the debt limit. “Crisis averted,” he said. In his first speech from the Oval Office...
-
Senate Scrambles to Get to a Final Vote on Debt Limit Deal
The path to raising the debt limit is taking a few late twists and turns. After the House on Wednesday night easily cleared the bill negotiated by House Speaker Kevin McCarthy and President Joe Biden...
-
Most Medicaid Disenrollments Have Been Procedural: Analysis
By Michael RaineyAs states start enforcing more restrictive pre-pandemic rules in their Medicaid programs, data collected by the health care foundation KFF shows considerable variation across states in the percentage...
-
Debt Limit Deal May Save a Lot Less Money Than McCarthy Claims
The debt limit deal cut by President Joe Biden and House Speaker Kevin McCarthy would reduce the federal budget deficit by about $70 billion in fiscal year 2024 and by some $1.5 trillion from 2023...
-
Debt Limit Deal Set to Pass Its First Test Despite GOP Revolt
The debt limit deal struck by President Joe Biden and Speaker Kevin McCarthy appears set to survive its first legislative test on Tuesday evening, clearing a procedural hurdle despite a growing...
-
What’s in the Fiscal Responsibility Act of 2023
By Michael RaineyHere are some of the key elements of the budget and debt-ceiling agreement reached between the Biden administration and Republicans in the House: Debt limit suspended until January 1, 2025: The...
-
Yellen Specifies a New Deadline for Raising Debt Limit
Negotiators for President Joe Biden and House Republicans are still working to lock down a deal to set federal spending levels, raise the nation’s borrowing limit and avoid a potentially calamitous U...
-
Right and Left Fume as Negotiators Near a Debt Limit Deal
White House and congressional negotiators are reportedly nearing a budget deal that would cut spending and raise the debt ceiling to avert an unprecedented default on U.S. debt — and members of both...
-
Republicans Rebuff Biden Offers as Debt Talks Bog Down
With a potential U.S. debt default just over a week away, House Speaker Kevin McCarthy said late Wednesday that negotiators were making progress toward a deal to raise the federal borrowing limit...
-
Debt Talks ‘Nowhere Near a Deal’ as Deadline Looms
A day after both President Joe Biden and House Speaker Kevin McCarthy described their Monday meeting as “productive,” the negotiations continued but huge differences remain unresolved. McCarthy...
-
No Deal Yet but McCarthy Says Biden Meeting Was ‘Productive’
With less than 10 days until the U.S. government could roil the global economy by defaulting on its debt, House Speaker Kevin McCarthy emerged from a White House meeting with President Joe Biden...
-
Republicans Abruptly Hit ‘Pause’ on Debt Talks
Debt-limit talks between the White House and House Speaker Kevin McCarthy have been put on “pause” after Republican negotiators abruptly walked out of the meetings and complained that President Joe...
-
Accounting Error Means $3 Billion More in Aid for Ukraine
By Michael RaineyThe Department of Defense said an accounting error led it to overestimate the value of weapons being sent to Ukraine, freeing up at least $3 billion that can be used to provide additional military...
-
McCarthy Optimistic About a Debt Deal, but Some Dems Worry Biden Will Get Fleeced
By Michael RaineyHouse Speaker Kevin McCarthy sounded optimistic Thursday about the odds of reaching an agreement on raising the debt ceiling before the U.S. Treasury runs out of cash in as little as two weeks. “We’...
-
Senate Democrats Take Aim at GOP Tax Cuts as Source of Deficit
By Michael RaineyAs House Republicans continue to push for major spending cuts in exchange for raising the debt limit, Democrats on the Senate Budget Committee held a hearing Wednesday to highlight the role that tax...