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  • Bipartisan debt limit package unveiled as clock ticks toward ‘x date’
    House GOP leaders released the legislative text of their deal with the White House to suspend the debt ceiling until 2025 and set a framework for passing the annual appropriations bills, starting a 72-hour clock before a House vote Wednesday. Republicans plan to call votes on a series of suspension bills Tuesday to get lawmakers […] The post Bipartisan debt limit package unveiled as clock ticks toward ‘x date’ appeared first on Roll Call.
  • Bipartisan deal reached to raise debt limit, cap appropriations
    House GOP leaders reached a tentative deal with President Joe Biden Saturday night to lift the debt ceiling, in a long-awaited breakthrough that could avoid an economic crisis if Congress passes it next week. Details haven’t been made public yet but were starting to trickle out. As described by sources familiar with the accord, the […] The post Bipartisan deal reached to raise debt limit, cap appropriations appeared first on Roll Call.
  • Yellen: Treasury to have ‘insufficient resources’ by June 5
    The U.S. government could be unable to pay all its bills on time if the debt limit isn’t raised or suspended by June 5, Treasury Secretary Janet L. Yellen said in a Friday afternoon letter. Yellen updated Treasury’s estimate of when it will run out of cash and borrowing room to make payments in the […] The post Yellen: Treasury to have ‘insufficient resources’ by June 5 appeared first on Roll Call.
  • ‘Now you’re cookin’ with gas!’ — Congressional Hits and Misses
    Rep. Jared Moskowitz turns the sarcasm up to 11 in this week’s Congressional Hits and Misses. The Florida Democrat’s chiding of Republicans during a House Oversight hearing on gas stoves highlights this episode, along with Sens. Tim Scott and Thomas R. Carper enjoying the silence while trying to make major announcements, ethically challenged Rep. George […] The post ‘Now you’re cookin’ with gas!’ — Congressional Hits and Misses appeared first on Roll Call.
  • Debt limit deal appears close as negotiators keep working
    The new June 5 deadline for Congress to lift the debt limit “maintains and ensures the urgency” negotiators have to close a deal this weekend. That’s what Republican negotiator and House Financial Services Chairman Patrick T. McHenry told reporters shortly after Treasury Secretary Janet L. Yellen sent congressional leaders a letter updating the “x date” […] The post Debt limit deal appears close as negotiators keep working appeared first on Roll Call.
  • Photos of the week flashback to 2011
    On Aug. 2, 2011, the Senate passed a $2.1 trillion budget package capping months of grueling partisan wrangling that brought the nation to the brink of a historic default on its obligations. The vote came just hours before the Treasury Department had warned the U.S. would default on its debt. The House passed the package […] The post Photos of the week flashback to 2011 appeared first on Roll Call.
  • Supreme Court ruling will force changes to ‘waters of US’ rule
    The Supreme Court’s ruling on Thursday defining which wetlands can be protected under the Clean Water Act will require the Biden administration to rewrite bedrock regulations of what is protected as “waters of the U.S.” The court unanimously ruled that the EPA and U.S. Army Corps of Engineers wrongfully claimed oversight of wetlands on the […] The post Supreme Court ruling will force changes to ‘waters of US’ rule appeared first on Roll Call.
  • Power line bill gets traction in debt limit deal
    Legislation to encourage the movement of electricity when demand is high to neighboring regions in the U.S. could be folded into a broader deal to raise the limit on the amount the federal government is allowed to borrow to pay its bills. A draft bill from Sen. John Hickenlooper, D-Colo., and Rep. Scott Peters, D-Calif., […] The post Power line bill gets traction in debt limit deal appeared first on Roll Call.
  • Leadership dynamics explain why there’s still no debt limit deal
    Political calculations and concerns about legislative precedent within Congress and the White House have brought the government within a week of potentially failing to pay all of its debt obligations.  Speaker Kevin McCarthy, nearly five months on the job as the top House leader, is trying to maintain the good will he has fostered among […] The post Leadership dynamics explain why there’s still no debt limit deal appeared first on Roll Call.
  • No longer a ‘broken record,’ White House throws a few elbows with debt messaging
    ANALYSIS — “Congress must act.” That has been the daily refrain on raising the debt ceiling for months from White House Press Secretary Karine Jean-Pierre. In fact, she warned reporters earlier this month she sounded like a “broken record” after saying three times during a May 2 briefing that “Congress must act,” a phrase she […] The post No longer a ‘broken record,’ White House throws a few elbows with debt messaging appeared first on Roll Call.

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