Federal Budget Deficit Narrowed in December

Federal Budget Deficit Narrowed in December

This post was originally published on this siteThe federal government ran a $21 billion deficit during December, the smallest monthly gap in two years, as the government took in more tax revenue while spending edged higher.

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Democrats to increase debt ceiling by $2.5T

Democrats to increase debt ceiling by $2.5T

This post was originally published on this siteDemocrats will vote as soon as Tuesday to raise the debt ceiling by $2.5 trillion, which they expect will lift the nation’s borrowing cap until 2023.Senate Democrats unveiled a resolution to raise the debt ceiling on Tuesday, shortly before they are…

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Senate Clears Last Hurdle to Raising Debt Ceiling

Senate Clears Last Hurdle to Raising Debt Ceiling

This post was originally published on this siteFourteen Republicans joined Democrats in voting to take up legislation that would pave the way for Congress to raise the debt ceiling by a simple majority vote, skirting a filibuster.

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14 GOP senators help advance McConnell debt limit deal

14 GOP senators help advance McConnell debt limit deal

This post was originally published on this siteFourteen Senate Republicans on Thursday helped advance a deal negotiated by Senate Minority Leader Mitch McConnell (R-Ky.) to set up a one-time exemption to the filibuster on raising the debt ceiling. Senators voted 64-36 to close…

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Lindsey Graham ‘berated’ Mitch McConnell on debt ceiling deal: report

Lindsey Graham ‘berated’ Mitch McConnell on debt ceiling deal: report

This post was originally published on this site There are some bitter feeling in the Senate GOP Caucus after GOP Leader Mitch McConnell (R-KY) put together a deal to prevent the federal government from defaulting on loans. McConnell linked extending the debt ceiling with an issue to prevent cuts Medicare...

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Graham warns GOP about Trump’s wrath on debt vote

Graham warns GOP about Trump’s wrath on debt vote

This post was originally published on this siteSen. Lindsey Graham (R-S.C.) offered a forceful warning to Republican colleagues during a private lunch on Wednesday, saying former President Trump will come down hard on any GOP senators who vote for Senate Minority Leader Mitch McConnell’s (R-Ky…

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Senate will take up debt limit fast-track plan Thursday

Senate will take up debt limit fast-track plan Thursday

This post was originally published on this siteThe Senate will begin considering a bill on Thursday that would create a fast-track process allowing Democrats to raise the federal debt limit without votes from Republicans, a crucial next step as lawmakers race the clock to avert a catastrophic debt default.

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Congress reaches agreement to avert calamitous US debt default

Congress reaches agreement to avert calamitous US debt default

This post was originally published on this site US senators struck a deal Tuesday to create a one-time law allowing Democrats to lift the nation’s borrowing authority and avert a catastrophic credit default without requiring votes from the opposition Republicans. The House of Representatives approved the fix in an evening...

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Democrats offer bill to raise debt ceiling, avoid filibuster

Democrats offer bill to raise debt ceiling, avoid filibuster

This post was originally published on this siteHouse Democrats on Tuesday introduced legislation that would allow the Senate to raise the debt ceiling without having to overcome a filibuster.The legislation would set up a one-time process to raise the debit limit to a specific number without…

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Senate averts initial December crisis with last-minute deal

Senate averts initial December crisis with last-minute deal

This post was originally published on this siteThe Senate averted a government shutdown that would have thrown President Biden’s agenda into limbo when Senate Majority Leader Charles Schumer (D-N.Y.) struck a deal late Thursday with conservative Senate Republicans to fund the government until…

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