All articles tagged with #bipartisan budget
Tax rebates of up to $750 are now available for nearly 750,000 Arizona families as part of the Fiscal Year 2024 state budget. The rebate, aimed at helping families combat rising inflation, is the first of its kind and is funded by the latest bipartisan budget. Eligible families will receive the rebates through direct deposit or by mail, with deposits expected to take place in November.
US President Joe Biden will call Republican Speaker Kevin McCarthy once he winds up the G7 summit in Japan to try and break the US debt ceiling deadlock before the clock ticks down on a feared national default. The Treasury Department says that the government could run out of money and default on its $31 trillion debt as early as June 1 if Congress, where Republicans control the House of Representatives, does not authorize more borrowing. The increasingly hard-right Republican party has turned the threat of default into a powerful lever to try and force Biden to accept making heavy spending cuts.