WASHINGTON — The U.S. House of Representatives approved legislation to suspend the government’s borrowing limit until early 2025, a step toward averting a Washington political showdown five days before the country could run out of money to pay its bills. With a late Wednesday vote of 314-117, the bill passed and now heads to the Senate […]
“Further evidence that this was never about the debt. It’s about squeezing families to protect billionaires.” Republican negotiators are reportedly close to securing as much as $10 billion in cuts to recently approved Internal Revenue Service funding as part of a debt ceiling deal with the White House, a development that critics said further shows the GOP’s […]
Top White House officials and Republican lawmakers were nearing a deal Thursday evening that would raise the debt limit for two years while also limiting federal spending on all but the military and veterans, according to news reports. If the deal can be agreed upon and enacted, it would raise the government’s borrowing limit for […]
Fully Funded Budget Provides a Healthy Dividend and Avoids Spending from Savings JUNEAU – Wednesday, the Alaska Senate passed House Bill 39, Fiscal Year 2024 operating and capital budgets. The Senate’s version of the budget increases education funding outside the formula by $174.9 million – the single largest increase in state history, provides Alaskans with […]