House Democrats pushed forward on Wednesday with a procedural move that could force a vote to increase the debt limit should negotiations between President Joe Biden and Republicans collapse, despite signs of progress in the bipartisan talks. House Democratic Leader Hakeem Jeffries (D-New York), wrote to his colleagues urging them to quickly sign a discharge… Read More
Treasury Secretary Janet Yellen sent a letter on Monday to Congressional Leadership saying that the United States is still projected to exhaust all options to keep paying the country’s bills as early as June 1st, leaving Congress with fewer than three weeks to avert a potential worst-case scenario. President Joe Biden and House Speaker Kevin… Read More
The Senate is considering two CRA resolutions en bloc: S.J.Res.23, Critical Habitat, and S.J.Res.24, Northern Long-Eared Bat CRA. The Biden Administration opposes passage of the joint resolution that would limit the ability of the National Marine Fisheries Service and the U.S. Fish and Wildlife Service (USFWS) to conserve and recover threatened and endangered species under… Read More
With the House and Senate only scheduled to be in session for seven days at the same time prior to June 1st, President Joe Biden finally met with House and Senate leadership to discuss raising the debt ceiling, and little progress was made, but the president did leave the door open to solving the crisis… Read More
The Senate Budget committee is holding a hearing that Democrats have dubbed the “The Default on America Act: Blackmail, Brinkmanship, and Billionaire Backroom Deals,” where senators are discussing the House bill to raise the debt ceiling that Senate Majority Leader Chuck Schumer (D-New York) has said is “dead on arrival” in the Senate. Among the… Read More
House Democrats began a process Tuesday that could allow them to bypass the chamber’s Republican leaders in passing legislation to raise the nation’s debt ceiling, if they can get a handful of GOP members to join the effort. In a letter to colleagues, House Democratic Leader Hakeem Jeffries (D-New York) said the maneuver “preserves an… Read More
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
