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Federal Budget

2021-10-21 18:03:12
by Dan McCue
Budget Hawk Urges Congress to Reject ‘Extenders’ to Get Reconciliation Deal

WASHINGTON - With Congressional Democrats reportedly within days of an agreement on a slimmed down reconciliation spending package, a well... Read More

WASHINGTON - With Congressional Democrats reportedly within days of an agreement on a slimmed down reconciliation spending package, a well known independent budget hawk is urging them not to resort to “blatant budget gimmicks” to move the initiative toward passage.... Read More

2021-10-13 14:32:14
by Dan McCue
House Approves Temporary Extension of Debt Limit

WASHINGTON - Surprising no one, the House did what it had to do Tuesday night, extending the nation’s borrowing authority... Read More

WASHINGTON - Surprising no one, the House did what it had to do Tuesday night, extending the nation’s borrowing authority -- otherwise known as the debt ceiling -- until Dec. 3. President Joe Biden is expected to sign the legislation,... Read More

Senate Avoids a US Debt Disaster, Votes to Extend Borrowing

WASHINGTON (AP) — The Senate has dodged a U.S. debt disaster, voting to extend the government's borrowing authority into December... Read More

WASHINGTON (AP) — The Senate has dodged a U.S. debt disaster, voting to extend the government's borrowing authority into December and temporarily avert an unprecedented federal default that experts warned would devastate the economy and harm millions of Americans. The... Read More

2021-10-07 15:03:39
by Dan McCue
Accord Reached on Raising the Nation’s Debt Limit

WASHINGTON -- Senate Democrats have taken Senate Republican Leader Mitch McConnell, R-Ky., up on an offer that will temporarily end... Read More

WASHINGTON -- Senate Democrats have taken Senate Republican Leader Mitch McConnell, R-Ky., up on an offer that will temporarily end a political standoff over raising the nation’s debt ceiling by allowing an emergency extension into early December. “We have reached... Read More

2021-10-06 19:37:15
by Dan McCue
McConnell Makes New Offer On Debt Ceiling

WASHINGTON -- Senate Republican Leader Mitch McConnell, R-Ky. made a new offer to Senate Majority Leader Charles Schumer, D-N.Y., on... Read More

WASHINGTON -- Senate Republican Leader Mitch McConnell, R-Ky. made a new offer to Senate Majority Leader Charles Schumer, D-N.Y., on resolving the current Senate impasse over raising the nation’s debt limit. The immediate effect of the offer was for Senate... Read More

As GOP Obstructs, Biden Escalates Warnings of Default

WASHINGTON (AP) — President Joe Biden is escalating his campaign to get Congress to lift the federal debt limit, hosting... Read More

WASHINGTON (AP) — President Joe Biden is escalating his campaign to get Congress to lift the federal debt limit, hosting business leaders at the White House Wednesday and warning in a new report that failure to extend the government's borrowing... Read More

2021-10-05 20:08:11
by Reece Nations
Biden Administration Lays Out Consequences of Debt Default

WASHINGTON -- President Joe Biden detailed on Monday the ramifications of failing to raise the United States government’s debt limit... Read More

WASHINGTON -- President Joe Biden detailed on Monday the ramifications of failing to raise the United States government’s debt limit while condemning Republicans in Congress for their role in the procedural delay. Congress has until Oct. 18 to raise the... Read More

Biden Tells GOP to 'Get Out of the Way' on Debt Limit

WASHINGTON (AP) — President Joe Biden on Monday urged Republican senators to "get out of the way" and let Democrats... Read More

WASHINGTON (AP) — President Joe Biden on Monday urged Republican senators to "get out of the way" and let Democrats suspend the nation's debt limit, hoping to keep the U.S. government from bumping dangerously close to a credit default as... Read More

2021-10-01 19:58:09
by Dan McCue
Boyle, Yarmuth Call for Treasury Dept. to Be Given Debt Ceiling Authority

WASHINGTON -- With the nation once again hovering ever closer to defaulting on its debts, the chair and vice chair... Read More

WASHINGTON -- With the nation once again hovering ever closer to defaulting on its debts, the chair and vice chair of the powerful House Budget Committee say it’s time to take the “arbitrary and reckless” politics out of raising the... Read More

2021-10-01 15:18:17
by Dan McCue
Congress Passes Stopgap Spending Measure, Lights On Through December

WASHINGTON -- Congress on Thursday voted to extend funding of the government through early December, avoiding an imminent  government shutdown,... Read More

WASHINGTON -- Congress on Thursday voted to extend funding of the government through early December, avoiding an imminent  government shutdown, and providing emergency relief for Afghan refugees and states that have been hard hit by natural disasters this year. The... Read More

2021-09-30 13:48:25
by Dan McCue
Blue Dog Leadership Supports Vote on Fiscal State of the Nation

WASHINGTON -- The Blue Dog Coalition of House Democrats is throwing its support behind a bipartisan resolution that would require... Read More

WASHINGTON -- The Blue Dog Coalition of House Democrats is throwing its support behind a bipartisan resolution that would require the comptroller general of the United States to deliver an annual fiscal state of the nation report to Congress. The... Read More

Congress Moves to Avert Partial Government Shutdown

WASHINGTON (AP) — Congress is moving to avert one crisis while putting off another with the Senate poised to approve... Read More

WASHINGTON (AP) — Congress is moving to avert one crisis while putting off another with the Senate poised to approve legislation that would fund the federal government into early December. The House is expected to approve the measure following the... Read More

What's The Price of Biden's Plan? Democrats Drive for Zero

WASHINGTON (AP) — What will it cost to enact President Joe Biden's massive expansion of social programs?  Congress has authorized... Read More

WASHINGTON (AP) — What will it cost to enact President Joe Biden's massive expansion of social programs?  Congress has authorized spending up to $3.5 trillion over a decade, but Biden is prodding Democrats to fully cover the cost of the... Read More

2021-09-26 13:34:11
by Dan McCue
'A Time of Intensity' Ahead, As Budget Committee Advances Spending Bill

WASHINGTON - The House Budget Committee voted 20-17 on Saturday in favor of the $3.5 trillion budget reconciliation bill, effectively... Read More

WASHINGTON - The House Budget Committee voted 20-17 on Saturday in favor of the $3.5 trillion budget reconciliation bill, effectively setting up a vote in the full House on the sweeping package in a matter of days. One Democrat, Rep.... Read More

Biden: Budget Talks Hit 'Stalemate,' $3.5T May Take a While

WASHINGTON (AP) — President Joe Biden said Friday that talks over his $3.5 trillion rebuilding plan have hit a "stalemate"... Read More

WASHINGTON (AP) — President Joe Biden said Friday that talks over his $3.5 trillion rebuilding plan have hit a "stalemate" in Congress as he made the case for his expansive effort to recast the nation's tax and spending programs and... Read More

Democrats See Tax 'Framework' to Pay for Huge $3.5T Package

WASHINGTON (AP) — The White House and congressional Democrats have agreed to a framework of options to pay for their... Read More

WASHINGTON (AP) — The White House and congressional Democrats have agreed to a framework of options to pay for their huge, emerging social and environment bill, top Democrats said Thursday. Now they face the daunting task of narrowing the menu... Read More

2021-09-22 10:22:58
by Dan McCue
House Passes Spending Bill and Debt Limit Increase

WASHINGTON - House Democrats on Tuesday Night approved legislation to keep the government funded through early December and lift the... Read More

WASHINGTON - House Democrats on Tuesday Night approved legislation to keep the government funded through early December and lift the debt ceiling -- the limit on federal borrowing -- through the end of 2022. The bill passed, 220 to 211,... Read More

2021-09-20 21:48:11
by Dan McCue
Democrats Say Debt Limit Increase Will Be Part of Short-Term Spending Bill

WASHINGTON -- House Democrats will pair a continuing resolution to keep the government open through December with an increase in... Read More

WASHINGTON -- House Democrats will pair a continuing resolution to keep the government open through December with an increase in the debt limit. The package is expected to be put up for a vote by next week, House Speaker Nancy... Read More

2021-09-20 15:36:00
by TWN Staff
New Jersey Voters Strongly Support Sound Moderate Approach to Governing, Issues

A recent survey in New Jersey’s 11th Congressional District found that voters there overwhelmingly agree with Rep. Mikie Sherrill’s fiscally... Read More

A recent survey in New Jersey’s 11th Congressional District found that voters there overwhelmingly agree with Rep. Mikie Sherrill’s fiscally responsible and bipartisan approach to governing, and support her efforts to apply them to solving thorny issues like those surrounding... Read More

White House Warns That Debt Limit Showdown Could Hurt States

The White House is warning state and local governments about severe cuts to disaster relief, Medicaid, infrastructure grants. school money... Read More

The White House is warning state and local governments about severe cuts to disaster relief, Medicaid, infrastructure grants. school money and other programs if Congress fails to raise the U.S. debt limit. A fact sheet for state and local officials... Read More

2021-09-13 13:38:17
by Reece Nations
U.S. Could Hit Debt Limit by Next Month

WASHINGTON -- The Bipartisan Policy Center, a D.C.-based think tank, released an analysis on Friday projecting that the United States’... Read More

WASHINGTON -- The Bipartisan Policy Center, a D.C.-based think tank, released an analysis on Friday projecting that the United States’ debt limit “X Date” will likely arrive between mid-October and mid-November of this year. The so-called x date represents the... Read More

2021-09-09 23:05:18
by Dan McCue
Murphy Takes Stand: She’ll Oppose ‘Rushed’ Reconciliation Package

WASHINGTON - Rep. Stephanie Murphy, D-Fla., said Thursday that she plans to vote against the spending and tax measures currently... Read More

WASHINGTON - Rep. Stephanie Murphy, D-Fla., said Thursday that she plans to vote against the spending and tax measures currently before the House Ways and Means Committee, chiding party leaders in the process for failing to give members adequate time... Read More

2021-09-08 18:16:10
by Dan McCue
Yellen Warns US May Hit Debt Limit in October

WASHINGTON -- Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the... Read More

WASHINGTON -- Treasury Secretary Janet Yellen is warning Congress that she will run out of maneuvering room to prevent the U.S. from broaching the government’s borrowing limit in October. In a letter to congressional leaders on Wednesday, Yellen said that... Read More

2021-08-27 13:39:40
by Tom Ramstack
$3.5 Trillion Social Benefits Resolution Gets Down to Wire

WASHINGTON -- Congressional leaders signaled Wednesday that the historic $3.5 trillion social benefits package getting its last revisions before a... Read More

WASHINGTON -- Congressional leaders signaled Wednesday that the historic $3.5 trillion social benefits package getting its last revisions before a final vote is likely to include support for more affordable housing. Housing provisions are some of the most controversial portions... Read More

2021-08-24 21:28:24
by Tom Ramstack
House Democrats Break Impasse to Advance $3.5T Budget Plan

WASHINGTON -- House Democrats narrowly approved a $3.5 trillion budget framework Tuesday, hours after coming to agreement with moderates whose... Read More

WASHINGTON -- House Democrats narrowly approved a $3.5 trillion budget framework Tuesday, hours after coming to agreement with moderates whose desire for an immediate vote on the Senate-passed bipartisan infrastructure bill nearly scuttled President Joe Biden's sweeping domestic agenda. In... Read More

2021-08-24 19:00:20
by Dan McCue
Poll Finds Florida Voters Bullish on Bipartisanship, Fiscal Responsibility

Voters in Florida’s 7th Congressional District, a district that tends to vote Republican in local races, but has strongly supported... Read More

Voters in Florida’s 7th Congressional District, a district that tends to vote Republican in local races, but has strongly supported Democrats for president and the House since 2012, are emphatically in favor of bipartisanship and a steady, prudent hand when... Read More

2021-08-24 13:08:18
by Dan McCue
House Leaders to Make Second Try at Budget Vote Tuesday

WASHINGTON -- The House will reconvene at noon Tuesday to take a second stab at ending a stalemate with 10... Read More

WASHINGTON -- The House will reconvene at noon Tuesday to take a second stab at ending a stalemate with 10 centrist members over a $3.5 trillion budget framework.  Rep. Josh Gottheimer, D-N.J., and the other holdouts don’t necessarily oppose the... Read More

2021-08-06 14:33:05
by Dan McCue
Bipartisan Infrastructure Bill Would Add $256 Billion to Deficit, CBO Finds

WASHINGTON -- The bipartisan infrastructure package set to be voted on in the U.S. Senate, perhaps as early as Saturday,... Read More

WASHINGTON -- The bipartisan infrastructure package set to be voted on in the U.S. Senate, perhaps as early as Saturday, would add $256 billion to the federal deficit, the nonpartisan Congressional Budget Office said Thursday The budget office estimated that... Read More

2021-07-14 20:09:47
by Dan McCue
Biden Visits Capitol Hill to Firm Up Support for Budget Deal

WASHINGTON - President Joe Biden traveled to Capitol Hill on Monday for a working lunch with Senate Democrats, a day... Read More

WASHINGTON - President Joe Biden traveled to Capitol Hill on Monday for a working lunch with Senate Democrats, a day after party leaders announced a compromise, $3.5 trillion budget deal that pours federal dollars into a slew of climate change... Read More

Senate Democrats Reach $3.5 Trillion Budget Agreement

WASHINGTON (AP) — Senate Democrats announced late Tuesday that they'd reached a budget agreement envisioning spending an enormous $3.5 trillion... Read More

WASHINGTON (AP) — Senate Democrats announced late Tuesday that they'd reached a budget agreement envisioning spending an enormous $3.5 trillion over the coming decade, paving the way for their drive to pour federal resources into climate change, health care and... Read More

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