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Bill passed after senators rejected 11 proposed amendments
The debt ceiling is routinely raised to accommodate repayment of the country’s debt. The last time it was raised was in 2021. The debt ceiling was suspended last June.
To address Trump’s debt ceiling demands, they’re proposing raising the debt ceiling by $1.5 trillion in the first reconciliation package and cut $2.5 trillion in spending across the ...
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The House voted to pass its yearly defense bill Wednesday, adding about another $1 trillion to the $36 trillion national debt.. The 1,800-page bill known as the National Defense Authorization Act ...
For the 2018–2027 period, CBO projects the sum of the annual deficits (i.e., debt increase) to be $11.7 trillion, an increase of $1.6 trillion (16%) over the previous baseline (June 2017) forecast of $10.1 trillion. The $1.6 trillion debt increase includes three main elements: $1.7 trillion less in revenues due to the tax cuts;
McCarthy is struggling to round up the votes for the bill, which would couple an increase of the country's debt ceiling with restrictions on federal spending. A final vote on the package is likely ...