WASHINGTON — U.S. President Joe Biden signed into law on Saturday legislation that suspends the U.S. government’s debt limit through January 2025 and avoids a potentially disastrous default just days before the government runs out of cash to pay its bills. His signature came with two days to spare: the Treasury Department had said the government […]
“After holding our entire economy hostage and threatening to trigger a global financial meltdown, Republicans protected wealthy tax cheats and creepy billionaires,” said Sen. Sheldon Whitehouse. A preliminary analysis from the Congressional Budget Office released Thursday estimates that the $21.4 billion in IRS funding cuts that Republicans and the Biden White House agreed to enact […]
The U.S. Senate voted Thursday night 63-36 in support of a measure that will allow the United States to continue to pay its bills. The U.S. had been on track to run out of cash in four days. The bipartisan legislation now goes to President Joe Biden for his signature. “Tonight, senators from both parties […]
“I didn’t come to Congress to hurt people,” said Rep. Jim McGovern. “And when I listen to my Republican friends, what is clear to me is that we don’t share the same values.” Rep. Jim McGovern, a leading anti-hunger lawmaker in the House, expressed anger Tuesday that the debt ceiling legislation negotiated by Republicans and the Biden administration […]