Budget Battles
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US Economy Stronger Than Previously Thought
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Harris Slams Trump’s Economic Plans, Pledges to Grow the Middle Class
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Trump’s Tax Cut Wish List Tops $11 Trillion
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Harris Prepares a New Economic Pitch
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Republicans Defy Trump on Shutdown Threat
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Speaker Johnson Scrambles for Plan B to Avoid a Shutdown
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House Torpedoes Johnson Plan to Avert a Shutdown
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Harris Slams Trump’s Economic Plans, Says She Will Grow the Middle Class
By Michael RaineyVice President Kamala Harris provided an overview of her economic plan Wednesday, expanding upon her vision of an “opportunity economy” built around a thriving middle class. In a speech at the...
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Congress Passes 3-Month Spending Bill to Avert a Shutdown Before the Election
Congress on Wednesday passed a stopgap bill funding the government through December 20, averting a shutdown of federal agencies at the end of the month. The bill keeps most government spending at...
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Moody’s Warns Growing Deficits Could Take a Toll on US Credit Rating
By Michael RaineyPolitical polarization could make it more difficult for the next administration in Washington to address the country’s deteriorating fiscal situation, and that may have negative implications for the...
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Johnson Will Rely on Democrats to Avoid a Shutdown
The House is set to vote on a stopgap funding bill Wednesday to avoid a government shutdown on October 1. It will use a procedure that requires a two-thirds majority for passage after conservative...
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Trying to Avoid 'Galactically Stupid' Shutdown, Congress Aims for 3-Month Funding Bill
By Michael RaineyThe House plans to vote this week on a bill that would extend federal funding for 12 weeks, heading off a potential government shutdown on October 1 while pushing the battle over 2025 spending levels...
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Republicans Defy Trump as Congress Works to Defuse Shutdown Threat
Congressional appropriators are reportedly preparing a bipartisan government funding bill to be voted on in the House early next week, moving ahead with a plan that always appeared to be the...
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Speaker Johnson Scrambles for Plan B to Avoid a Shutdown
Now what? That’s the question after House Speaker Mike Johnson’s plan to avert a government shutdown and enact a controversial voter ID requirement failed to pass Wednesday evening, with 14...
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House Torpedoes Johnson Plan to Avert a Shutdown
The House of Representatives on Wednesday evening rejected Speaker Mike Johnson’s plan to avoid a government shutdown at the end of the month, delivering an embarrassing blow to the Republican leader...
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Johnson Sets Up Doomed Vote on Funding Bill
By Michael RaineyHouse Speaker Mike Johnson announced Tuesday that he plans to go ahead with a floor vote on a continuing resolution that would fund the government for the first six months of the new fiscal year,...
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Johnson, House GOP Still Struggling to Agree on Plan to Avoid a Shutdown
We’re two weeks away from a government shutdown deadline at the end of the month. When the House returns on Tuesday, Republican leaders will once again face massive challenges in getting the support...
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The Fiscal Records of Kamala Harris and Tim Walz
By Michael RaineyJust days into their run for office, Vice President Kamala Harris and Minnesota Gov. Tim Walz have not yet released any detailed policy proposals, but their track records give us a sense of the kinds...
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Deficit Hits $1.5 Trillion in First 10 Months of Fiscal Year: CBO
By Michael RaineyThe federal budget deficit was $1.5 trillion in the first 10 months of the 2024 fiscal year, according to an initial estimate released by the Congressional Budget Office released Thursday. The...
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Senate Skips Town With September Shutdown Deadline Looming
The Senate on Thursday started its summer recess, with no new votes scheduled until the ninth of September, 39 days from now. Before lawmakers departed, the Senate Appropriations Committee voted on...
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Senate Republicans Block Bipartisan Bill to Expand Child Tax Credit
By Michael RaineyA bipartisan bill that would expand the child tax credit and restore several business tax breaks was blocked by Senate Republicans Thursday. The procedural vote was 48 to 44, with the bill falling...
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Bipartisan Pair of Senators Take Aim at Cost of Child Care
Sens. Tim Kaine of Virginia and Katie Britt of Alabama introduced a pair of bipartisan bills Wednesday intended to make child care more affordable by expanding tax credits and deductions while also...