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A hard-won budget and debt deal easily cleared the Senate on Thursday, powered by President Donald Trump’s endorsement and a bipartisan drive to cement recent spending increases for the Pentagon and domestic agencies.
President Donald Trump and congressional leaders announced late Monday they had struck a critical debt and budget agreement. The deal amounts to an against-the-odds victory for Washington pragmatists seeking to avoid politically dangerous tumult over the possibility of a government shutdown or first-ever federal default.
Why do so many Republicans who tolerated so much now howl about civil war over a deal with Democrats?
Congress on Friday sent President Donald Trump a massive package of $15.3 billion in disaster aid linked to an increase in the nation’s borrowing authority that angered conservative Republicans who hissed and booed senior administration officials dispatched to Capitol Hill to defend it.
Lawmakers returned to Washington Tuesday facing fast-approaching deadlines, including pressing demands to replenish dwindling disaster aid reserves as Texas and Louisiana dig out from Harvey and an even more powerful hurricane, Irma, bears down on the U.S.
Treasury Secretary Steven Mnuchin said Sunday that Congress should combine an initial package of relief for victims of Harvey with an increase in the nation’s debt limit, saying lawmakers need to “put politics aside” to ensure that those trying to recover from the storm get the help they need.
President Donald Trump’s initial request for a multibillion-dollar down payment for initial Harvey recovery efforts is growing. Republican leaders are already making plans to use the aid package, certain to be overwhelmingly popular, to win speedy approval of a contentious increase in the federal borrowing limit.
President Donald Trump lashed out on Thursday at Republican leaders in Congress, inflaming tensions that could further threaten his legislative priorities.
Senate Majority Leader Mitch McConnell, R-Ky., said Monday that there was “zero chance, no chance” Congress would fail to raise the debt ceiling by late September, though he offered no clues about how he hoped to convince lawmakers to back such a measure.
Members of Congress will return in September to a glut of complex and technically challenging tasks, including tax policy, the debt ceiling, and Russian meddling in the 2016 election.
Deep within the Treasury Department sits a once-secret plan written by the Obama administration that could lead to the first-ever default on U.S. debt. Bond traders are worried that Donald Trump’s Treasury secretary may have to use it.
The House Freedom Caucus plans to lay out three ways members would support raising the debt ceiling this month, including overhauling the debt limit and payment system or making deep cuts to mandatory spending.
A division within the Trump administration over how to avoid a default on the national debt burst into the open, with the president’s treasury secretary and budget director publicly at odds over strategy.
Compromise budget will give Congress two years to achieve real reforms, if it can.
The Treasury Department said Thursday that Congress must raise the debt limit by Nov. 3 or the federal government risks default.
Two things are often said in this town: “A day is a year in politics.” And, “It’s all about 2014.” Combined, the two statements mean that much can happen between now and the midterm elections next year when Republicans hope to hold the House and gain the Senate, and Democrats intend to hold the Senate and recover the House.
WASHINGTON — The government reopened its doors Thursday after a battle-weary Congress approved a bipartisan measure to end a 16-day partial shutdown and avert the possibility of an economy-jarring default on U.S. obligations.
WASHINGTON — Up against one last deadline, Congress raced to pass legislation Wednesday avoiding a threatened national default and ending a 16-day partial government shutdown along the strict terms set by President Barack Obama when the twin crises began.
WASHINGTON — President Barack Obama says a failure to increase the government’s borrowing authority would effectively shutter the economy.
The new leader of the U.S. Senate’s budget committee said Tuesday that Republican threats to shut down the government are irresponsible. U.S. Sen. Patty Murray, a Seattle-area Democrat, said there will be opportunities to negotiate budget cuts without crafting a deal around increasing the country’s borrowing limit.