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Spending Limits

All articles tagged with #spending limits

New Spending Fights Erupt After Debt Limit Deal
politics2 years ago

New Spending Fights Erupt After Debt Limit Deal

The recently passed debt ceiling deal, which suspended the debt ceiling until 2025, is already causing divisions among party lines and factions of the House GOP. Some Senate Republicans are upset about curbing defense funding through the deal, while some Republicans have lauded reforms in the bill they say would allow for a significant cut to federal spending. The bill also includes a penalty of automatic across-the-board cuts if lawmakers don’t finish their annual spending bills by the end of the calendar year. Some Democrats have already signaled they’re prepared to pry open the door to more funding for domestic programs pared back in the debt bill if Republicans do so for defense funds.

Georgia Congress Members' Votes Pass Debt-Ceiling Bill in Low-Key House Vote.
politics2 years ago

Georgia Congress Members' Votes Pass Debt-Ceiling Bill in Low-Key House Vote.

The US House passed a debt-limit bill suspending the debt ceiling for two years with a majority of Republicans and Democrats in favor, but 70 Republicans and 46 Democrats voted against the measure, including four Georgia lawmakers on both sides of the aisle. Concerns were raised about the spending limits contained in the bill, which added new work requirements for food assistance recipients and limited Biden’s ability to pause student loan repayments. The legislation now goes to the Senate, where bipartisan cooperation will be needed to fast-track a vote as soon as Thursday.

US Debt Ceiling Crisis Averted with Tentative Deal
politics2 years ago

US Debt Ceiling Crisis Averted with Tentative Deal

President Joe Biden and House Speaker Kevin McCarthy have reached an agreement in principle on legislation to increase the nation’s borrowing authority and avoid a federal default. The agreement would keep nondefense spending roughly flat in the 2024 fiscal year and increase it by 1% the following year, as well as provide for a two-year debt-limit increase. The deal would fully fund medical care for veterans at the levels included in Biden’s proposed 2024 budget blueprint, including for a fund dedicated to veterans who have been exposed to toxic substances or environmental hazards. The agreement would expand some work requirements for the Supplemental Nutrition Assistance Program, or SNAP, formerly known as food stamps. The deal puts in place changes in the National Environmental Policy Act that would designate “a single lead agency” to develop environmental reviews, in hopes of streamlining the process.