Treasury Secretary Janet Yellen informed Congress through a letter that her department started implementing “extraordinary measures” after the U.S. government reached its statutory debt limit of $31.4 trillion on Thursday. Yellen told
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Congress prevented a debt default by approving a measure that would increase the debt ceiling by $2.5 trillion, CNBC reported Wednesday. The House voted 221-209 early Wednesday to pass the measure. The
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House Speaker Nancy Pelosi (D-Calif.) said she hopes the lower chamber can pass a deal to raise the debt ceiling and set spending levels by July 26, CNBC reported Wednesday. Pelosi said
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The Senate on Wednesday reached a bipartisan agreement that would allocate a defense budget of $700 billion in fiscal year 2018 and $716 billion for FY 2019, Defense News reported Wednesday. The
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President Donald Trump on Friday signed another continuing resolution that would fund the federal government at current spending levels through Dec. 22, Bloomberg reported Friday. Trump signed the CR a day after
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Data from the Treasury Department showed that the national debt hit a record $20.1 million for the first time in history after Congress and President Donald Trump approved a three-month debt ceiling
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President Donald Trump has agreed with Senate Minority Leader Charles Schumer (D-New York) and House Minority Leader Nancy Pelosi (D-California) to advance a bill that would authorize a debt limit increase and
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The White House is considering plans to combine an increase in the U.S. debt ceiling with the proposed $5.95 billion disaster relief request for Hurricane Harvey in an effort to avoid a
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The House approved a budget deal by a 266-167 bipartisan vote Wednesday to raise spending levels for the next two years and extend the government’s borrowing authority until March 2017, USA Today reported Wednesday.
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Congressional leaders and senior White House officials hammered out a budget agreement Monday to extend the U.S.’ borrowing limit through March 2017 as well as increase government spending by about $112 billion
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