In a letter to the Treasury secretary, the Democratic senator warned against meddling with a system that processes trillions of dollars of transactions.
Category: Federal Budget (US)
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An Unconventional Plan for Fixing the Federal Budget
The Apollo C.E.O. Marc Rowan has championed a model that doesn’t fit within party lines.
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An Unconventional Plan for Fixing the Federal Budget
The Apollo C.E.O. Marc Rowan has championed a model that doesn’t fit within party lines.
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Federal Debt Is Now Worrying Even Progressives
Long a focus of conservatives, the level of public borrowing is starting to concern left-leaning economists. Proposed remedies still differ radically.
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Higher Interest Rates Make Federal Debt More Expensive
The Fed’s key rate has a bearing on the sustainability of public borrowing, which is heading to striking levels.
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Senate Confirms Scott Bessent as Treasury Secretary
Bessent, a hedge fund manager, becomes the nation’s 79th Treasury secretary. He will lead President Trump’s economic agenda.
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Musk Plan for Retooling Government Takes Shape, but Big Questions Loom
The rebranding of a former White House digital office into the new Department of Government Efficiency signals its potential limits, budget experts said.
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U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan. 21
Janet L. Yellen, the outgoing Treasury secretary, urged lawmakers to raise the debt limit and protect the full faith and credit of the United States.
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U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.
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Russell Vought Poised to Expand Power of White House Budget Office
If confirmed, Mr. Vought will be at the center of President-elect Donald Trump’s plans to upend the federal bureaucracy.
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Inside Elon Musk’s Plan for DOGE to Slash Government Costs
Mr. Musk has turned to Silicon Valley to help recruit executives who will take up unofficial positions across the federal government.