WASHINGTON — Approaching a midnight government shutdown deadline, the Senate set up votes toward final passage late Friday of a new plan that would temporarily fund federal operations and disaster aid, but drops President-elect Donald Trump’s demands for a debt limit increase into the new year. House Speaker Mike Johnson had insisted Congress would “meet […]
WASHINGTON — One of the most turbulent sessions of Congress in the modern era is about to make way for the next one. Midnight passage of the government shutdown package put in sharp focus the political fault lines emerging in Washington, as President-elect Donald Trump returns to the White House, House Speaker Mike Johnson, R-La., […]
WASHINGTON — After days of threats and demands, Donald Trump had little to show for it once lawmakers passed a budget deal in the early hours of Saturday, narrowly averting a pre-Christmas government shutdown. The president-elect successfully pushed House Republicans to jettison some spending, but he failed to achieve his central goal of raising the […]
WASHINGTON — With just hours to go before the federal government begins shutting down for lack of funds, House Republicans on Friday plan to hold a vote to fund the government for three months and provide disaster relief and farm aid. In order to pass the full House before the midnight shutdown deadline, however, the […]
U.S. Speaker of the House Mike Johnson (R-LA), and U.S. Senate Majority Leader Chuck Schumer (D-NY) listen during a Hanukkah reception at the U.S. Capitol Building on December 17, 2024 in Washington, DC. Anna Moneymaker | Getty Images WASHINGTON — House Republican leaders are running out of time to avoid a partial government shutdown late […]
Ray Dalio, billionaire and founder of Bridgewater Associates LP, during a Bloomberg Television interview in New York US, on Wednesday, April 3, 2024. Victor J. Blue | Bloomberg | Getty Images China must employ a “beautiful deleveraging” in addition to its recent stimulus measures in order to avoid a debt crisis, said Bridgewater Associates founder […]
WASHINGTON — No one is likely to be happy with the projected higher deficits laid out in a new analysis of Kamala Harris’ and Donald Trump’s economic plans. The analysis released Monday by the nonpartisan Committee for a Responsible Federal Budget suggests a Harris presidency could increase the national debt over 10 years by $3.5 […]
