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Federal Budget

2021-11-30 20:58:50
by Dan McCue
CBO Confirms: If Congress Fails to Act, Treasury Could Go Bust in Days

WASHINGTON — If the debt limit remains unchanged and the Treasury Department follows through on transferring $118 billion to the... Read More

WASHINGTON — If the debt limit remains unchanged and the Treasury Department follows through on transferring $118 billion to the Highway Trust Fund on Dec. 15, the federal government could run out of cash before the end of the month,... Read More

Beyond Manchin: Dems' $2T Bill Faces Senate Gauntlet

WASHINGTON (AP) — It took half a year but Democrats have driven President Joe Biden’s $2 trillion package of social... Read More

WASHINGTON (AP) — It took half a year but Democrats have driven President Joe Biden’s $2 trillion package of social and climate initiatives through the House. It gets no easier in the Senate, where painful Republican amendments, restrictive rules and Joe Manchin... Read More

2021-11-19 19:35:17
by Dan McCue
DeLauro Seeking Short-Term CR as Step Toward Larger Budget Deal

WASHINGTON — House Appropriations Chair Rosa DeLauro, D-Conn., said Thursday she wants the House to pass a short-term continuing resolution... Read More

WASHINGTON — House Appropriations Chair Rosa DeLauro, D-Conn., said Thursday she wants the House to pass a short-term continuing resolution that doesn’t extend into the new year so that Congress has time to negotiate an omnibus package but doesn’t incentivize... Read More

2021-11-17 15:29:19
by Dan McCue
Yellen Extends Deadline to Possible Federal Default to Dec. 15

WASHINGTON — The federal government will run out of money and the nation will descend into its first-ever default on... Read More

WASHINGTON — The federal government will run out of money and the nation will descend into its first-ever default on its debts if lawmakers don’t take action on the debt limit by Dec. 15, Treasury Secretary Janet Yellen said in... Read More

Biden Asking Democrats to do so Much With so Little in Congress

WASHINGTON (AP) — Rarely have the leaders of Congress been asked to do so much, with so little, as in... Read More

WASHINGTON (AP) — Rarely have the leaders of Congress been asked to do so much, with so little, as in navigating President Joe Biden’s big domestic vision into law. Reaching for FDR-style accomplishments with slimmer-than-ever Democratic majorities has been politically messy at... Read More

2021-11-05 20:10:13
by Dan McCue
House to Move on Infrastructure Bill, Spending Bill to Wait

WASHINGTON — Bowing to resistance from House moderates, Speaker Nancy Pelosi this afternoon has evidently decided to advance the bipartisan... Read More

WASHINGTON — Bowing to resistance from House moderates, Speaker Nancy Pelosi this afternoon has evidently decided to advance the bipartisan infrastructure bill while putting final vote on the budget reconciliation bill on hold. The decision came after the House Democratic... Read More

2021-11-03 14:05:45
by Kate Michael
Snapchat CEO Joins Budget Hawks to Focus on Fiscal Issues

WASHINGTON — Snapchat Founder and CEO Evan Spiegel made a bit of a surprise appearance at the Committee for a... Read More

WASHINGTON — Snapchat Founder and CEO Evan Spiegel made a bit of a surprise appearance at the Committee for a Responsible Budget’s annual Budget Ball reception on Capitol Hill Tuesday night. The “camera company” entrepreneur was lauded for his focus... Read More

2021-11-02 19:31:14
by Dan McCue
Blue Dogs Endorse Fiscal State of the Nation Resolution

WASHINGTON —The Blue Dog Coalition of House Democrats on Wednesday endorsed H.Con. Res. 44, also known as the Fiscal State... Read More

WASHINGTON —The Blue Dog Coalition of House Democrats on Wednesday endorsed H.Con. Res. 44, also known as the Fiscal State of the Nation Resolution.  Introduced by Rep. Kathleen Rice, D-N.Y., the concurrent resolution would establish a joint hearing of the... Read More

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

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