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Debt Ceiling

All articles tagged with #debt ceiling

politics4 months ago

Government Shutdown Could Cost U.S. Economy Up to $14 Billion

The ongoing government shutdown is causing significant economic and social disruptions, with bipartisan negotiations intensifying as deadlines approach. Republicans and Democrats are considering various stopgap funding measures, with some Democrats supporting standalone bills to mitigate shutdown impacts. The situation remains uncertain, but discussions include potential long-term funding extensions and healthcare subsidies, amid pressure from unions and federal agencies.

via Politico|
#bipartisan-talks#debt-ceiling#federal-funding
politics4 months ago

Shutdown Deepens as Democrats Hold Firm Amid Funding Deadlock

Congress faces a potential escalation of government shutdown impacts, including halting SNAP benefits, missed military paychecks, and increased health insurance premiums, with limited progress due to President Trump's absence and ongoing partisan negotiations. Efforts to address specific pain points like funding for air traffic controllers and troops are underway, but a comprehensive deal remains uncertain amid political stalemates.

via Politico|
#congress#debt-ceiling#federal-workers
House Republicans push forward with Trump’s tax bill amid divisions
politics8 months ago

House Republicans push forward with Trump’s tax bill amid divisions

The US House is debating a major tax-cut and spending bill supported by President Trump, aiming for a July 4 passage despite internal Republican divisions and concerns over increased debt and Medicaid cuts. The Senate narrowly approved the bill, which faces opposition from Democrats and fiscal hawks within the GOP, complicating the timeline due to potential changes and external factors like weather disruptions.

via Reuters|
#debt-ceiling#house-of-representatives#medicaid-cuts
Trump Criticizes GOP Senators Over Funding and Tax Bills
politics8 months ago

Trump Criticizes GOP Senators Over Funding and Tax Bills

President Donald Trump is criticizing Republican Senator Rand Paul and other GOP senators over their opposition to a major funding bill that extends tax cuts and increases spending, which could significantly raise the national debt. Trump is actively lobbying senators to support the bill before the July 4th deadline, emphasizing party unity and his legislative priorities.

via ABC News|
#debt-ceiling#funding-bill#gop
"Congress Faces Tight Deadline to Prevent Shutdown Amid Funding and Border Concerns"
politics2 years ago

"Congress Faces Tight Deadline to Prevent Shutdown Amid Funding and Border Concerns"

Lawmakers in Washington have 11 days to prevent a partial government shutdown, with complex issues such as immigration, abortion, and aid to Ukraine complicating negotiations. House Speaker Mike Johnson has ruled out short-term funding bills, increasing the likelihood of a shutdown. Economic costs are already being felt as agencies prepare for potential furloughs, and credit rating agencies may reassess the U.S. creditworthiness due to government dysfunction. The shutdown could affect various industries, including aviation and the IRS, especially as tax filing season approaches.

via Yahoo Finance|
#budget-negotiations#congress#debt-ceiling
"U.S. National Debt Hits Record $34 Trillion Amid Economic Concerns"
economy2 years ago

"U.S. National Debt Hits Record $34 Trillion Amid Economic Concerns"

The U.S. national debt has surpassed $34 trillion, marking a rapid increase in federal debt as the country faces high government spending and reduced tax receipts. While some economists warn of the risks to fiscal health, others argue the economy's growth can handle the borrowing. The milestone arrives amid debates over spending levels and the potential for government shutdowns if spending laws are not extended. The debt situation may influence discussions on the 2017 GOP tax cut provisions expiring in 2025, with political blame being exchanged between Democrats and Republicans over the causes of the deficit.

via The Washington Post|
#debt-ceiling#economy#federal-reserve