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 […]
U.S. lawmakers are examining the details of an agreement to increase the country’s borrowing limit ahead of votes expected in the coming days, as both President Joe Biden and House Speaker Kevin McCarthy urge them to approve it. The proposal includes waiving the existing $31.4 trillion debt ceiling until January 2025 and a two-year budget […]
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 […]
First step to creating a stable fiscal plan for Alaska (Juneau) – Tuesday, Senate Bill 48, Governor Mike Dunleavy’s carbon offset legislation was passed by the Alaska Legislature following a successful floor vote in the Alaska House of Representatives. SB 48 establishes a statewide carbon offset program within the Department of Natural Resources (DNR). […]