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In February 2018, Trump cut a deal with Democrats — who were in the Senate and House minority at the time — to increase defense and nondefense spending by roughly $300 billion in exchange for ...
At about 12:40 a.m. ET, the Senate passed the legislation by a vote of 85 to 11, following hours of debate and votes on other bills. President Joe Biden signed the bill midday Saturday.
President-elect Donald Trump confounded members of Congress and flipped the government spending debate on its head when he demanded a premature increase to the debt ceiling on “Biden’s watch ...
President-elect Trump harshly criticized the House GOP and former Speaker Kevin McCarthy (R-Calif.) on Sunday for a 2023 vote to raise the debt ceiling through Jan. 1, 2025. Trump in a post on ...
President-elect Donald Trump has called on Congress to raise or eliminate the debt ceiling. He said doing so before his term would put the onus on Joe Biden and let him avoid an early fight.
The United States debt ceiling is a legislative limit that determines how much debt the Treasury Department may incur. [23] It was introduced in 1917, when Congress voted to give Treasury the right to issue bonds for financing America participating in World War I, [24] rather than issuing them for individual projects, as had been the case in the past.
Bill passed after senators rejected 11 proposed amendments Debt ceiling news - live: Senate passes debt limit deal bill sending it to White House for Biden signature Skip to main content
Early Friday morning, Trump was still insisting on a debt hike, which would remove one of the few obvious political hurdles to his desire to extend temporary tax cuts put in place in 2017.