Year: 2024

Before the House vote, Speaker Kevin McCarthy and the White House had spent weeks negotiating the bill that raised the debt ceiling through 2024 and cut spending, which Republicans had demanded as a condition for increasing the nation’s borrowing limit. Senate leaders largely stayed out of the discussions, allowing McCarthy to take the lead for… […]

Spending caps What the deal does: This fight was ostensibly about the national debt — and it produced a deal that locks in two years of caps on federal spending. For the fiscal year that kicks off in October, overall discretionary funding for non-defense programs would stay about the same as today’s total, while defense… […]

The legal storm is colliding with Justice’s campaign to unseat Democratic Sen. Joe Manchin in next year’s election, and offers a test for the popular governor whose fossil fuel wealth defined his political rise in coal country. The latest legal challenge came Wednesday when the Justice Department sued Justice’s business enterprise and his son, James… […]

The spending bills portion of the statement reads that the two leaders “share the concern of many of our colleagues about the potential impact of sequestration and we will work in a bipartisan, collaborative way to avoid this outcome” of an automatic spending cut if Congress passes a stopgap spending bill, according to a copy… […]

With the debt ceiling bill having passed the House on Wednesday, and soon to pass the Senate, the president’s team is aiming to use the negotiations around it to its political advantage, according to more than a half dozen people familiar with the plan but not authorized to discuss internal strategy. Biden’s advisers are betting… […]