Treasury Secretary Janet Yellen on Monday warned that the United States may run out of measures to pay its debt obligations by June 1st, earlier than the government and Wall Street had been expecting. In a letter to House Speaker Kevin McCarthy (R-California), Yellen said new data on April tax receipts forced the department to… Read More
Senate Majority Leader Chuck Schumer (D-New York) announced in a Dear Colleague letter this morning that Senate committees will hold hearings on the House Republicans legislation on the debt limit and spending cuts that passed the House last week. The Senate Budget Committee will hold the first hearing on Thursday which will feature Mark Zandi,… Read More
House Republicans on Wednesday narrowly passed a bill to increase the nation’s debt ceiling while cutting federal government spending, and while the legislation has no prospect of becoming law, Republican leaders hope it will help force negotiations with Democrats. The proposal, known as the Limit, Save, Grow Act, passed 217-215, with four Republicans joining all… Read More
The House Rules Committee voted after 2 A.M. this morning to send the Limit, Save, Grow Act to the floor for a vote after hours of haggling over the details and concerns. With a razor-thin majority, the Republican leadership has four votes to spare if hoping to pass the legislation, which is seen as more… Read More
As the House and Senate reconvene today, House Republican leaders are still struggling to get to 218 votes on their package to raise the national debt limit, and are uncertain whether they will be able to hold the vote as planed on Wednesday. While Republicans hadn’t yet scheduled the vote, they had made Wednesday their… Read More
The Senate convened at 10:00 A.M. and resumed consideration of S.870, Fire Grants and Safety Act. The Senate will spend much of the day processing through the Scott, Van Hollen, Sullivan, Paul and Haggerty Amendments. The Senate may also take up S.J.Res.10, providing for congressional disapproval under chapter 8 of title 5, United States Code,… Read More
Both the Senate and House are back in session today after the Easter and Passover recess. The Senate convened at 10:00 A.M. and is expected to consider Radha Iyengar Plumb to be a Deputy Under Secretary of Defense and Amy Lefkowitz Solomon to be an Assistant Attorney General. The Senate may also take up the… Read More
The House convened at 9:00 A.M. and passed H.R. 1 – Lower Energy Costs Act which is aimed at expanding mining and fossil fuel production in the United States and would also repeal sections of the landmark climate change legislation that President Joe Biden signed into law last summer. House Republicans pushed through the legislation… Read More
The Senate just voted to repeal a pair of Authorizations for Use of Military Force (AUMF) with bipartisan support, taking a step toward closing the door on the Iraq War 20 years after it started. Senators voted 66-30 to officially repeal the 1991 authorization for the Gulf War and the 2002 AUMF that opened the… Read More
The House met at 10:00 A.M. and has begun consideration of H.R. 1 – Lower Energy Costs Act. The bill is under a structured rule which provides for seven hours of general debate and makes in order 37 amendments. The legislation faces a veto threat from President Joe Biden as Democrats oppose the measure in… Read More
