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On May 27, Biden and then-House speaker Kevin McCarthy struck a deal to increase the debt-ceiling but cap federal spending; [14] the resulting bill, the Fiscal Responsibility Act of 2023, passed the House on May 31 and the Senate on June 1. [15] Biden signed it into law on June 3, bringing the crisis to an end. [16]
The Further Additional Continuing Appropriations and Extensions Act, 2023 (Pub. L. Tooltip Public Law (United States) 117–264 (text)) to December 30 All 12 appropriations bills were enacted as a part of the Consolidated Appropriations Act, 2023 , a $1.7 trillion omnibus spending bill that was signed by President Joe Biden on December 29, 2022.
In practice, the administrations of Presidents Barack Obama and Joe Biden have rejected relying on legal arguments against the constitutionality of the debt ceiling. Obama said in 2011 that his lawyers "were not persuaded that that is a winning argument." [78] In 2023, Biden's Treasury Secretary Janet Yellen called this strategy "legally ...
Biden also highlighted during the meeting the need for Congress to pass a continuing resolution to fund the government. At the last Cabinet meeting in October 2023, Biden said he was convening the ...
November 17, 2023 at 6:46 AM President Joe Biden has now signed the stopgap funding bill, averting a government shutdown and pushing the battle over US spending on Ukraine and Israel into the new ...
July 18, 2024 at 4:40 PM. By Nate Raymond. (Reuters) - A federal appeals court on Thursday blocked President Joe Biden's administration from continuing to implement a new student debt relief plan ...
The United States federal budget for fiscal year 2024 runs from October 1, 2023, to September 30, 2024.. From October 1, 2023, to March 23, 2024, the federal government operated under continuing resolutions (CR) that extended 2023 budget spending levels as legislators were debating the specific provisions of the 2024 budget.
Watch live as President Joe Biden makes remarks on the U.S. economy at Prince George’s Community College in Maryland.. He is expected to lay out the “next chapter” of the Bidenomics vs ...