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President-elect Trump is headed for a battle over the debt limit with conservative lawmakers who are demanding steep cuts to federal spending that will significantly complicate Trump’s ability ...
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 ...
Congress is barreling toward a government shutdown after the GOP-led House failed to pass a funding plan backed by President-elect Donald Trump on Thursday, leaving Hill Republicans scrambling to ...
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 ...
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.
President-elect Trump reiterated his support for abolishing or raising the debt ceiling, after House Republicans failed to advance a continuing resolution that would keep the government funded ...
The 2024 United States Senate elections were held on November 5, 2024. Regularly scheduled elections were held for 33 out of the 100 seats in the U.S. Senate , [ 4 ] [ 5 ] and special elections were held in California [ 6 ] and Nebraska . [ 7 ]