An Unusual Budget Surplus in August
The cancelation of President Joe Biden’s student loan forgiveness plan produced a rare budget surplus in August, the Treasury Department reported...
McCarthy Faces Conservative Mutiny Over Spending, Shutdown
With a looming September 30 deadline to avert a government shutdown, House Speaker Kevin McCarthy is boxed in by his own conference, and Republican...
Poverty Rate Soared in 2022 as Pandemic Programs Came to an End
A key measure of poverty in the U.S. jumped by 4.6 percentage points in 2022, according to new data released Tuesday by the U.S. Census Bureau. The...
McCarthy Orders Biden Impeachment Inquiry as Shutdown Looms
Under pressure from hard-right members of his caucus, Speaker Kevin McCarthy on Tuesday directed House committees to open an impeachment inquiry into...
$1.5 Trillion Deficit in First 11 Months of Fiscal Year: CBO
The federal budget ran a surplus of $90 billion in August, according to the monthly budget review released Monday by the Congressional Budget Office...
Kevin McCarthy's Dilemma Over September's Spending Fight
When House lawmakers return on Tuesday after a 47-day August recess that extended well past August, they will have to scramble to deal with funding...
McCarthy Plots a Strategy on Spending Stopgap and Ukraine Aid
House Speaker Kevin McCarthy is reportedly planning to leave out additional Ukraine aid from a stopgap spending bill that Congress must pass this...
Congress Sets Stage for Ugly Funding Fight
As lawmakers face a September 30 deadline to avoid a shutdown and ultraconservative House Republicans set up a likely clash over funding the...
‘The Most Important Thing That Has Happened to the Federal Budget in the Last 20 Years’
Something strange has been happening with Medicare, The New York Times reports: “Instead of growing and growing, as it always had before, spending per...
Lawmakers Return to Washington With a Big To-Do List
The Senate returned to Washington today, 41 days after its last vote, and the House will return next week. Lawmakers have an enormous amount of work...