all voting against their Republican colleagues The bill will lift the debt limit by $1.5 trillion in exchange for saving $4.5 trillion by capping spending at fiscal year 2022 levels in 2024 Bill ...
President Joe Biden’s fiscal 2025 defense budget proposal stuck to last year’s debt limit deal caps of $895 billion, a 1 ...
with House Republicans now saying they may pass their own debt limit bill in the wake of McCarthy’s letter to Biden proposing discretionary spending restraint, work requirements for aid programs ...
[Here’s what’s in the House GOP bill to raise debt limit, cut spending] The House bill also slashes the federal budget back to levels adopted in the 2022 fiscal year, then caps federal ...
Republicans attempted to cut these plans to curb government spending. However ... the Senate majority leader has already put the debt limit bill on the Senate calendar to start the process ...
But some Republicans said they still opposed the debt limit increase. “Trade deficit with China,” Sen Josh Hawley (R-MO) told The Independent about why he opposed the bill. “Not gonna do ...
The U.S. Senate passed a House-approved bill late Thursday to suspend the national debt limit and put a lid on government spending for two years, and President Joe Biden is expected to sign the ...
You might remember that bill hammered out in February ... Gephardt (D-MO), which automatically increases the debt limit when Congress enacts spending bills. (This is what most countries do rather ...
It would hold spending flat for 2024 and impose new limits for 2025 without ... On Wednesday he called the bill a “fake response to burdensome debt” and said he “will emphatically vote ...
“The bipartisan leadership in Congress is committed to working on new legislation that will prevent default while substantially reducing Washington spending.” Leadership spends the day trying ...