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 […]
JUNEAU – Monday, a group of Republican, Democratic, and Independent legislators announced the introduction of a constitutional amendment to fully protect the Alaska Permanent Fund in the Constitution. Currently, the Permanent Fund is structured as two accounts: the Principal and the Earnings Reserve Account. The Alaska Constitution prohibits the spending of the Principal without a vote […]
WASHINGTON — The U.S. Senate voted 50-48 Thursday night to pass an agreement to extend the government’s borrowing authority through early December to avert what could have been the country’s first-ever default on its debts. Senate Majority Leader Chuck Schumer announced the pact on the Senate floor after negotiations with Republican leader Mitch McConnell. He proposed […]