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Tag Archives: debt ceiling

House Approves Budget Deal, Senate to Vote Next Week

The House voted 332-94 Thursday to approve a bipartisan budget deal that sets spending levels for the next two years and avoids the possibility of a government shutdown until October 2015, Reuters reported Friday. David Lawder and Richard Cowan write the proposed budget also increases spending on agencies and discretionary programs …

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Report: Senate Leaders Eye Wednesday Debt Vote

Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) were working on a deal to raise the debt limit and re-open the government with the goal of bringing that measure to the full chamber Wednesday, Reuters reports. Richard Cowan writes such a deal would extend the U.S.’ borrowing …

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World Bank, IMF Urge U.S. to End Gov’t Shutdown

The World Bank and the International Monetary Fund have called on U.S. leaders to take steps to reopen the federal government, The New York Times reported Sunday. Annie Lowrey and Nathaniel Popper write the U.S. debt ceiling issue overshadowed the international recovery agenda at joint meetings of the agencies held …

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Senate Leaders Start Budget, Debt Ceiling Talks

Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.) started talks over the weekend over ending the government shutdown and reaching a debt ceiling deal, USA Today reported Sunday. The leadership met Saturday along with Sens. Charles Schumer (D-N.Y.) and Lamar Alexander (R-Tenn.) to negotiate a …

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Mackenzie Eaglen: Debt Limit Deal Could Lead to More Defense Cuts

A former congressional staffer predicts that any agreement to raise the debt ceiling could include additional cuts to the Pentagon’s budget, Defense News reported Monday. John Bennett writes Mackenzie Eaglen, now an analyst at the American Enterprise Institute, told Defense News the White House and Congress could agree to restructure …

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White House-Congress Budget Standoff Continues; John Boehner Comments

President Barack Obama and key lawmakers did not reach a compromise to end the federal government shutdown during a White House summit held Wednesday, Bloomberg reported Thursday. Congressional leaders held to their positions on the budget and healthcare law during the hour-long talks, according to the report by Richard Rubin, …

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Report: House Could Vote to Raise Debt Ceiling as Early as Friday

The U.S. House of Representatives could vote on legislation to raise the government’s borrowing authority above the $16.7 trillion cap as early as Friday, Republican leadership aids told Reuters. A Reuters article said that it was unclear if the bill would have any potentially controversial items added to it such …

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Gerry Connolly: Pending Budget Talks Create Uncertainty for Contractors

Rep. Gerry Connolly, (D-Va.), said uncertainty over spending cuts due to sequestration could have an “insidious” impact on contractors, taxpayers and government employees, Federal News Radio reported Wednesday. Jack Moore writes Congress is fast approaching deadlines to decide on pay raise, government funding and the debt ceiling. Connolly told Federal …

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