debt limit

Debt limit deal hits turbulence in Congress as leaders prep for vote

BY: and - May 31, 2023

WASHINGTON — Congress began moving the bipartisan debt limit package forward Tuesday, though frustrations with provisions in the bill could make for narrow passage in the U.S. House and U.S. Senate. Kentucky Republican Rep. Thomas Massie cast the deciding vote in the House Rules Committee advancing the bill to the full House for debate on […]

GOP’s desired work requirements for federal aid would kick roughly 21M from anti-poverty programs

BY: - May 22, 2023

Congressional Republicans’ efforts to slash federal spending by tying work requirements to Medicaid and SNAP would have far-reaching consequences for people with mental health issues, chronic health problems, and some people with disabilities if enacted, policy experts on anti-poverty programs say. They say the work requirements as laid out by House Speaker Kevin McCarthy’s “Limit, […]

Some movement reported in debt limit talks as Biden cuts short overseas trip

BY: and - May 17, 2023

WASHINGTON — President Joe Biden and congressional leaders struggled to find common ground on the debt ceiling during a Tuesday meeting, though lawmakers said afterward there was some progress toward a deal. Biden and U.S. House Speaker Kevin McCarthy will become the two primary negotiators on a bipartisan debt limit bill that could include other […]

Biden administration warns U.S. House GOP debt limit bill would slash education 

BY: - April 25, 2023

WASHINGTON — U.S. Education Secretary Miguel Cardona on Tuesday said House Republicans’ debt limit proposal would cut vital education programs and harm vulnerable students across the U.S., such as those who are low income or have a disability. “It would be taking us backwards,” Cardona said on a call with reporters. U.S. House Speaker Kevin […]

U.S. House GOP plan would expand work requirements for food aid for older adults

BY: - April 25, 2023

WASHINGTON — Hundreds of thousands of low-income Americans could face higher barriers to food assistance under the U.S. House Republican plan to cut spending while temporarily lifting the debt limit, advocates say. House Speaker Kevin McCarthy’s Limit, Save, Grow Act proposes returning discretionary spending to fiscal 2022 levels in exchange for raising the nation’s borrowing […]

U.S. House speaker vows vote soon on spending cuts coupled with debt limit increase

BY: - April 17, 2023

U.S. House Speaker Kevin McCarthy traveled to the New York Stock Exchange on Monday to press for the Republican approach to raising the nation’s debt limit in front of a new audience, calling on Democrats to agree to future spending cuts without any tax increases. McCarthy repeatedly criticized President Joe Biden and blamed him for […]

U.S. to hit debt limit much sooner than expected, thrusting Congress into showdown

BY: - January 13, 2023

WASHINGTON — The U.S. government will hit its borrowing limit next week, forcing the new, divided Congress into negotiations over the debt limit much sooner than expected, though a potential date for the nation to default isn’t expected until this summer. Treasury Secretary Janet Yellen wrote to Congress on Friday afternoon, telling leaders the United […]