Budget Battles
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Republicans Want Strings Attached to California Disaster Aid
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Biden Goes Out With a Bang in the Jobs Market
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Trump Privately Pushes Senators for ‘One Big, Beautiful Bill’
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Trump Considers Declaring National Emergency for Tariff Rollout
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Trump Unloads: Grievances, Greenland and the Gulf of Mexico
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Republicans Divided Over How to Pass Trump’s Agenda
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Trump Pushes Johnson to Victory as Speaker
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Here’s What Happens If Congress Fails to Raise the Debt Ceiling
By Michael RaineyWhat happens if Congress fails to raise the debt limit? A new report from the Bipartisan Policy Center examines that question in detail, and the results aren’t pretty. Here are some highlights — or...
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Why Raising the Debt Ceiling Won’t Be a Problem This Year
By Rob GarverThe final wall of resistance to a “clean” increase of the federal debt ceiling, necessary to avoid a potentially catastrophic government default later this year, appears to have fallen, with White...
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Top GOP Conservative: We Won’t Play Around With the Debt Ceiling
By Rob GarverWhen it comes to the perennial fight to raise the federal debt ceiling, it’s usually best to assume that the struggle to give the Treasury Department clearance to actually pay the debts that the...
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Raise the Debt Ceiling Now, or Face Another Post-Summer Crisis: Meadows
By Eric PianinRep. Mark Meadows, R-NC, one of the most influential conservatives in the House, said Monday he favors quick action this summer to raise the debt ceiling, taking a stand on an issue that is...
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Here’s a Solution for the Annual Debt Ceiling Crisis: Get Rid of It
By Eric PianinWith another debt ceiling crisis looming that threatens a first-ever default by the Treasury and another government shutdown, there is a growing school of thought in the Senate that lawmakers should...
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The National Debt Is a Bigger Problem Than You Think
By Lawrence GoodmanThe U.S. debt situation is worse than commonly realized. Unaddressed, the surge in Treasury borrowing over the last 10 years represents an accident in the offing.
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Mulvaney’s Debt Ceiling Ploy Protects Treasurys, Not Social Security Checks
By Rob GarverThe Trump administration appears to be considering a plan to pay some government debts but not others if the debt ceiling isn’t raised on time. It’s a plan economists and financial markets experts...
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White House’s Debt Ceiling Battle Could Trigger a Shutdown — and a Recession
By Eric PianinAt a time when worldwide confidence in the U.S. has already been badly shaken by President Trump’s go-it-alone, “America First” approach to trade, NATO and climate change, a White House riven by...
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New Debt Ceiling Deadline Could Ruin Lawmakers' Summer Vacations
By Rob GarverThe federal debt limit, previously thought to be an issue that could be postponed to the fall, may need to be raised prior to the August recess, complicating the lives of top Republicans in Congress.
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The Great Risk Shift Is Back
By Mark ThomaThe vote in the House of Representatives to dismantle Obamacare was not the only attempt to undo key legislation from the Obama years that occurred last Thursday.
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Fractious GOP House Passes Senate Tax 'Cliff' Bill
By Josh Boak and Eric Pianin, The Fiscal TimesGOP civil war broke out on Capitol Hill during New Year’s Day as House Republicans initially spurned a Senate-passed fiscal cliff deal brokered by Senate Republican Leader Mitch McConnell of Kentucky...
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Details of Senate Fiscal Cliff Tax Deal
By Eric PianinHere is a summary of the fiscal cliff agreement approved by the Senate early Tuesday morning by a vote of 89 to 8. The House is set to vote on the plan today, and this is not a slam dunk. Many house...
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Will House Approve Senate Tax Hike on Super Rich?
By Josh Boak and Eric Pianin, The Fiscal TimesIf the budget gods had their way, the 112th Congress would mercifully conclude its deliberations today on a major budget deal to blunt the worst of the fiscal cliff and then fade into history. We’re...
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Senate May Have Cliff Deal on Taxes Only
By Eric Pianin and Josh BoakA seemingly upbeat President Obama tried to keep the pressure on negotiators to finalize a fiscal cliff deal by midnight tonight as the rough contours of a bipartisan agreement began to emerge from...
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Cliff Deal? Or the Triumph of Hope Over Experience
By Thomas Ferraro and Jeff Mason, ReutersA deal to avert the fiscal crisis was said to be in the works in the Senate that would raise tax rates on household income above $450,000, said a source familiar with the talks. The agreement would...