Budget Battles
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Dems Zero In on a Rapidly Shrinking Agenda
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No New Tax Hikes? Sinema Sends Dems Scrambling
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Biden, Dems Take an Axe to Their Spending Plan
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Biden Pushes Democrats on Spending Deal
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Manchin and Sanders Brawl Over Dem Agenda
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Biden: ‘We’re Not Going to Get $3.5 Trillion’
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Democrats Battle Over Cuts to Biden’s Agenda
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House Passes Short-Term Debt Ceiling Increase, Postponing Potential Crisis to December
By Michael RaineyThe House returned to Washington Tuesday to approve a bill that temporarily raises the debt ceiling, enabling the U.S. Treasury to keep meeting U.S. obligations until at least early December. The...
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2021 Deficit Totaled $2.8 Trillion, CBO Estimates
The federal budget deficit for fiscal year 2021 totaled $2.8 trillion, the Congressional Budget Office estimated in a report released Friday. The gap is the second-largest on record, trailing only...
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Senate Votes to Defuse Debt Crisis, but Not Without More Drama
Senate Democrats voted Thursday night to raise the nation’s debt limit by $480 billion, a short-term fix to postpone until December the threat of economic disaster that had been looming later this...
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Senate Races to Avert a Debt Disaster
By Michael RaineyThe Senate is set to vote Thursday evening on an agreement to raise the debt ceiling and avoid a government default that could occur in less than two weeks, but some Republicans are unhappy about the...
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Did McConnell Blink? Dems Claim Victory on Debt Limit
Senate Democrats on Wednesday said they were prepared to accept an offer from Republican Leader Mitch McConnell of a short-term increase in the debt ceiling. The deal would delay — but not completely...
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Senate Heads for Another Doomed Vote on Debt Ceiling
By Michael RaineyLawmakers’ game of chicken with the debt limit was always risky. Now it’s getting downright dangerous. Democrats have set up another vote Wednesday on a bill that would suspend the federal debt...
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Biden to GOP: Stop Playing Russian Roulette With the Economy
By Michael RaineyPresident Joe Biden on Monday demanded that Republicans “stop playing Russian roulette with the U.S. economy.” Speaking to the press at the White House, Biden charged Republicans with being “...
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Manchin Drops a Bomb on Dem Spending Plans
Will they or won’t they? It’s still not clear whether Democrats will vote tonight on a $1 trillion bipartisan infrastructure bill. Progressives are still threatening to block the legislation as they...
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House Votes to Suspend Debt Ceiling
By Michael RaineyWith one eye on a rapidly shrinking calendar, Democrats in the House on Wednesday approved a stand-alone bill that would suspend the federal debt ceiling until December 16, 2022. The bill passed 219-...
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Yellen Warns Congress Debt Limit Deadline Is October 18
By Michael RaineyTreasury Secretary Janet Yellen on Tuesday again warned Congress about the dangers of not promptly raising the federal debt limit and said that, without action on their part, the U.S. could be forced...
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Bipartisan Infrastructure Bill Chugs Along Toward Final Senate Passage
The $1 trillion bipartisan infrastructure bill is on track toward final passage this week after the Senate voted 68-29 Sunday night to end debate on the package. “It may have taken all weekend, but...
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Debt Ceiling Battle Looms as Yellen Calls on Lawmakers to Act
By Michael RaineyThe debt ceiling needs to be raised or suspended in the coming weeks, and some lawmakers had hoped that the budget blueprint released Monday would do just that, with Democrats including a provision...
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Senate Careens Toward High-Stakes Game of Chicken on Debt Limit
This right here is exactly what the facepalm emoji was made for: It’s looking ever more likely that Republicans and Democrats are headed for a September showdown over raising the debt ceiling. A two-...
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Republicans Tee Up a Debt Ceiling Showdown
Debt-ceiling brinksmanship is back on Capitol Hill. Senate Republicans are threatening to vote against any increase to the cap unless Congress also enacts spending cuts or other reforms, potentially...
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Republicans Waver on Bipartisan Infrastructure Deal
As Democrats debate the size and scope of their “human infrastructure” package, the bipartisan deal for core infrastructure investments that senators reached with the White House is reportedly at...