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285 Results found for national debt

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House Speaker Kevin McCarthy (R-CA) dismissed a letter from the House Freedom Caucus on Friday pressing him and other Republicans to “hold the line” on a debt ceiling agreement with President Joe Biden which includes spending reforms.
House Speaker Kevin McCarthy (R-CA) dismissed a letter from the House Freedom Caucus on Friday pressing him and other Republicans to “hold the line” on a debt ceiling agreement with President Joe Biden which includes spending reforms.
 
House Minority Leader Hakeem Jeffries (D-NY) claimed on Wednesday that House Republicans want to induce a recession amid debt ceiling negotiations with the White House so that former President Donald Trump has better election odds next year.
House Minority Leader Hakeem Jeffries (D-NY) claimed on Wednesday that House Republicans want to induce a recession amid debt ceiling negotiations with the White House so that former President Donald Trump has better election odds next year.
 
Two rating agencies placed the United States on a negative watch over recent negotiations to amend the debt ceiling between President Joe Biden and House Speaker Kevin McCarthy.
Two rating agencies placed the United States on a negative watch over recent negotiations to amend the debt ceiling between President Joe Biden and House Speaker Kevin McCarthy.
 
House and Senate lawmakers have reportedly come to a deal to avoid defaulting on the national debt by raising the debt ceiling to infinity million billion +1.
House and Senate lawmakers have reportedly come to a deal to avoid defaulting on the national debt by raising the debt ceiling to infinity million billion +1.
 
The White House on Tuesday said invoking the 14th Amendment to prevent the U.S. from defaulting on $31 trillion debt won’t solve the national crisis after nearly a dozen left-wing Senators suggested President Joe Biden use such authority.
The White House on Tuesday said invoking the 14th Amendment to prevent the U.S. from defaulting on $31 trillion debt won’t solve the national crisis after nearly a dozen left-wing Senators suggested President Joe Biden use such authority.
 
House Speaker Kevin McCarthy (R-CA) told lawmakers on Tuesday that Republican leaders are “nowhere near” a deal with the White House on the debt ceiling, a revelation that comes less than two weeks before the nation is expected to default on obligations.
House Speaker Kevin McCarthy (R-CA) told lawmakers on Tuesday that Republican leaders are “nowhere near” a deal with the White House on the debt ceiling, a revelation that comes less than two weeks before the nation is expected to default on obligations.
 
President Joe Biden said he would discuss the debt limit with House Speaker Kevin McCarthy (R-CA) via telephone from Air Force One as he returns home from Japan after the top Republican accused him of being beholden to “radical socialists” as a potential default looms.
President Joe Biden said he would discuss the debt limit with House Speaker Kevin McCarthy (R-CA) via telephone from Air Force One as he returns home from Japan after the top Republican accused him of being beholden to “radical socialists” as a potential default looms.
 
Members of the House Freedom Caucus took a hardline position on Thursday against an increase in the debt ceiling divorced from meaningful reforms to the federal budget.
Members of the House Freedom Caucus took a hardline position on Thursday against an increase in the debt ceiling divorced from meaningful reforms to the federal budget.
 
Veteran bank executives are meeting with senior lawmakers and federal officials as the government comes within two weeks of a potential debt default.
Veteran bank executives are meeting with senior lawmakers and federal officials as the government comes within two weeks of a potential debt default.
 
President Joe Biden and House Speaker Kevin McCarthy (R-CA) each said on Tuesday that they made progress on debt ceiling negotiations, indicating thaws in an impasse as the nation faces a possible debt default in two weeks.
President Joe Biden and House Speaker Kevin McCarthy (R-CA) each said on Tuesday that they made progress on debt ceiling negotiations, indicating thaws in an impasse as the nation faces a possible debt default in two weeks.
 
The federal government wasted as much as $247 billion in payment errors during fiscal year 2022, according to a report from the Government Accountability Office released at the end of last month.
The federal government wasted as much as $247 billion in payment errors during fiscal year 2022, according to a report from the Government Accountability Office released at the end of last month.
 
The Congressional Budget Office warned on Friday that there exists considerable “uncertainty” with respect to government funds over the next several weeks as congressional leaders negotiate over a potential debt ceiling increase with the White House.
The Congressional Budget Office warned on Friday that there exists considerable “uncertainty” with respect to government funds over the next several weeks as congressional leaders negotiate over a potential debt ceiling increase with the White House.
 
House Freedom Caucus Chair Scott Perry (R-PA) blasted White House Press Secretary Karine Jean-Pierre after she said that lawmakers have “limited time” to raise the debt ceiling
House Freedom Caucus Chair Scott Perry (R-PA) blasted White House Press Secretary Karine Jean-Pierre after she said that lawmakers have “limited time” to raise the debt ceiling
 
Speaker Kevin McCarthy (R-CA) voiced optimism on Sunday for the House Republican debt ceiling plan despite questions about whether he can muster enough support to pass it.
Speaker Kevin McCarthy (R-CA) voiced optimism on Sunday for the House Republican debt ceiling plan despite questions about whether he can muster enough support to pass it.
 
The Consumer Price Index (CPI) rose 0.1% in March after increasing 0.4% in February according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 5.0%.
The Consumer Price Index (CPI) rose 0.1% in March after increasing 0.4% in February according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 5.0%.
 
House Speaker Kevin McCarthy (R-CA) announced on Monday that lawmakers would soon vote to raise the debt ceiling for one year and seek to slow spending increases for federal agencies.
House Speaker Kevin McCarthy (R-CA) announced on Monday that lawmakers would soon vote to raise the debt ceiling for one year and seek to slow spending increases for federal agencies.
 
In Tuesday's N.C. stop, Biden claimed that “extreme MAGA Republicans” are threatening to undo all of the progress that he has made over the past 2.5 years.
In Tuesday's N.C. stop, Biden claimed that “extreme MAGA Republicans” are threatening to undo all of the progress that he has made over the past 2.5 years.
 
A mugwump is somebody who sits on a fence with his face, AKA the mug, on one side, and his derriere, AKA the wump, on the other. Historically, they are seen as politically independent, with allegiances to neither political party.
A mugwump is somebody who sits on a fence with his face, AKA the mug, on one side, and his derriere, AKA the wump, on the other. Historically, they are seen as politically independent, with allegiances to neither political party.
 
Higher spending and lower revenue intake produced a $1.1 trillion budget deficit in the first six months of fiscal year 2023, according to a report released Monday by the Congressional Budget Office.
Higher spending and lower revenue intake produced a $1.1 trillion budget deficit in the first six months of fiscal year 2023, according to a report released Monday by the Congressional Budget Office.
 
The White House responded to a budget cut proposal from the House Freedom Caucus with a series of criticisms that the group’s senior lawmaker calls “preposterous.”
The White House responded to a budget cut proposal from the House Freedom Caucus with a series of criticisms that the group’s senior lawmaker calls “preposterous.”
 
On Wednesday, N.C. Rep. Ben Moss, R-Moore, announced he will change his vote on Medicaid expansion, vowing to vote “no” when it returns to the House of Representatives for further consideration.
On Wednesday, N.C. Rep. Ben Moss, R-Moore, announced he will change his vote on Medicaid expansion, vowing to vote “no” when it returns to the House of Representatives for further consideration.
 
The Federal Reserve has aggressively raised target interest rates over the past year to tamp down on rising prices. Even so, inflation persists at worrisome rates. According to today’s release from the Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.4% in February after rising 0.5%
The Federal Reserve has aggressively raised target interest rates over the past year to tamp down on rising prices. Even so, inflation persists at worrisome rates. According to today’s release from the Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.4% in February after rising 0.5%
 
The showdown over the future of the federal budget is taking shape as President Joe Biden releases his fiscal year 2024 spending proposal and House Republicans prepare to leverage their new majority to block the plan.
The showdown over the future of the federal budget is taking shape as President Joe Biden releases his fiscal year 2024 spending proposal and House Republicans prepare to leverage their new majority to block the plan.
 
Republican lawmakers denounced the fiscal year 2024 budget proposal released by President Joe Biden on Thursday.
Republican lawmakers denounced the fiscal year 2024 budget proposal released by President Joe Biden on Thursday.
 
The White House intends to cut the federal budget deficit by a total of $3 trillion over the next decade, a reduction that falls short of the $20 trillion in cuts required to balance the budget.
The White House intends to cut the federal budget deficit by a total of $3 trillion over the next decade, a reduction that falls short of the $20 trillion in cuts required to balance the budget.
 
Some individuals can expect a Medicare tax increase under the new budget proposal scheduled to be unveiled this week by the Biden administration.
Some individuals can expect a Medicare tax increase under the new budget proposal scheduled to be unveiled this week by the Biden administration.
 
The lack of accountability is killing the Goose That Lays The Golden Eggs
The lack of accountability is killing the Goose That Lays The Golden Eggs
 
After a decade of fighting it, Republicans agree on the largest entitlement expansion in state history
After a decade of fighting it, Republicans agree on the largest entitlement expansion in state history
 
The Supreme Court will hear arguments on Tuesday regarding two lawsuits challenging a plan from the Biden administration to unilaterally cancel student debt for millions of individuals.
The Supreme Court will hear arguments on Tuesday regarding two lawsuits challenging a plan from the Biden administration to unilaterally cancel student debt for millions of individuals.
 
Congressional Budget Office Director Phillip Swagel revealed on Wednesday that the federal government could “run out of funds” between July and September.
Congressional Budget Office Director Phillip Swagel revealed on Wednesday that the federal government could “run out of funds” between July and September.
 
In Tuesday night’s State of The Union speech, President Joe Biden focused his comments on a theme to “finish the job,” proposing new taxpayer-paid benefits, focusing on the more than 20,000 projects related to the infrastructure bill, and highlighting climate policy in the Inflation Reduction Act.
In Tuesday night’s State of The Union speech, President Joe Biden focused his comments on a theme to “finish the job,” proposing new taxpayer-paid benefits, focusing on the more than 20,000 projects related to the infrastructure bill, and highlighting climate policy in the Inflation Reduction Act.
 
House Speaker Kevin McCarthy (R-CA) tore into President Joe Biden and congressional Democrats in a speech Monday night over raising the debt limit.
House Speaker Kevin McCarthy (R-CA) tore into President Joe Biden and congressional Democrats in a speech Monday night over raising the debt limit.
 
White House officials took an adversarial posture toward House Speaker Kevin McCarthy (R-CA) ahead of his Wednesday meeting with President Joe Biden about the debt ceiling and possible spending cuts.
White House officials took an adversarial posture toward House Speaker Kevin McCarthy (R-CA) ahead of his Wednesday meeting with President Joe Biden about the debt ceiling and possible spending cuts.
 
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