The Debt Ceiling Debate Is About More Than Debt
Posted inBiden, Joseph R Jr Committee for a Responsible Federal Budget Congressional Budget Office Democratic Party Federal Budget (US) Global Warming Inflation Reduction Act of 2022 Law and Legislation McCarthy, Kevin (1965- ) National Debt (US) Oil (Petroleum) and Gasoline Republican Party United States Economy United States Politics and Government

The Debt Ceiling Debate Is About More Than Debt

Republicans’ opening bid to avert economic catastrophe by raising the nation’s borrowing limit focuses more on energy policy than reducing debt.
House G.O.P. Eyes Rescinding Unspent Covid Money as Part of Its Fiscal Plan
Posted inCongressional Budget Office Coronavirus Aid, Relief, and Economic Security Act (2020) Federal Budget (US) House of Representatives Republican Party Stimulus (Economic) United States Politics and Government

House G.O.P. Eyes Rescinding Unspent Covid Money as Part of Its Fiscal Plan

Estimates put the amount of leftover money between $50 billion and $70 billion. But even if Republicans could claw it back, it would not make much of a dent in the deficit.