President Biden has offered to freeze discretionary spending, including for defense. Republicans want to spend more for the military, and cut more elsewhere.
Category: House of Representatives
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McCarthy Renews Call for Spending Cuts as Debt Talks Resume at White House
With a potential default just over a week away, the House speaker is maintaining pressure for a rollback in spending in exchange for raising the borrowing limit.
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Debt Limit Negotiators Debate Spending Caps to Break Standoff
The strategy, which was used in 2011, could allow both sides to save face but would most likely do little to chip away at the national debt.
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When Will the U.S. Run Out of Cash? The Answer Is Complicated.
The federal government is essentially living paycheck to paycheck, making the X-date hard to pin down.
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Biden Vetoes Legislation That Would Reinstate Tariffs on Some Solar Panels
President Biden announced a two-year pause on the tariffs last year after importers complained that the penalties would threaten broader adoption of solar energy in the United States.
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Calls to Investigate Short Sellers Intensify as Bank Crisis Deepens
Jamie Dimon is the latest to urge action against the traders who have targeted the regional lenders and made huge profits.
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How Might the Government Avoid Default? Biden Offers Clues.
After making little progress with Republican leaders at the White House on Tuesday, the president previewed two possible endgames to resolve a debt-limit standoff.
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Migrant Child Labor Debate in Congress Becomes Mired in Immigration Fight
Revelations that migrant children have been exploited for cheap labor brought calls for action, but a partisan battle over immigration policy has complicated lawmakers’ efforts.