Tag #Debt Ceiling

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House Passes Trump Budget Resolution After Tense Negotiations

The House of Representatives passed a budget resolution (216-214) aligning with President Trump's agenda after intense negotiations with fiscal conservatives who initially opposed the Senate's version; the resolution includes significant spending cuts and debt ceiling measures, and was passed after ...

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Senate Approves Budget Blueprint, House Vote Looms Amidst GOP Divisions

The Senate approved a budget blueprint by a 51-48 vote Saturday morning, unlocking the next step in the reconciliation process allowing committees to begin drafting legislation on Republican priorities such as raising the debt ceiling, increasing border security and extending President Donald Trump'...

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foxnews.com
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Senate Budget Committee Unveils Changes Enabling Passage of Trump's Agenda

The Senate Budget Committee released a revised budget resolution that allows for a debt ceiling increase of up to \$5 trillion and enables the passage of President Trump's legislative agenda using a 51-vote threshold, avoiding a potential government default.

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CBO Projects Slower US Economic Growth Due to Weak Population Gains and Increased Spending

The Congressional Budget Office projects slower US economic growth from 2025-2055 due to weak population growth and increased government spending, with publicly held debt potentially reaching 156% of GDP by 2055; the report also highlights the US's increasing reliance on immigration to sustain econo...

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kathimerini.gr
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Germany Approves €500 Billion Fund, Relaxing Debt Brake

The German Bundestag approved a €500 billion infrastructure fund and increased defense spending, relaxing the debt brake to address infrastructure deficits, geopolitical concerns, and economic challenges; the decision is controversial domestically.

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Industry, Innovation, and Infrastructure
nrc.nl
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Germany to Vote on Budget Amendment to Increase Spending

The German Bundestag will vote Tuesday on a constitutional amendment to relax budget rules, enabling billions in additional spending for defense, infrastructure, and climate projects, despite opposition attempts to halt the vote. This follows a Constitutional Court ruling.

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us.cnn.com
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Senate Budget Plan Omits \$3.8 Trillion in Tax Cut Costs, Raises Debt Ceiling

The Senate approved a budget blueprint that omits \$3.8 trillion in costs for extending Trump's tax cuts, raising the debt ceiling by \$5 trillion while employing a novel budgetary technique, prompting criticism of a lack of transparency and potentially setting a concerning precedent.

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cbsnews.com
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Senate Republicans Begin "Vote-a-Rama" on Budget Including $1.5 Trillion in Tax Cuts

The Senate is set to begin a "vote-a-rama" on a Republican budget blueprint that includes making Trump-era tax cuts permanent, authorizing $1.5 trillion in additional tax cuts, and raising the debt ceiling by up to $5 trillion, using reconciliation to bypass the 60-vote threshold.

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forbes.com
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Moody's Changes U.S. Credit Outlook to Negative Amid Debt Concerns

Moody's Investors Service maintained the U.S.'s top credit rating but revised its outlook to negative due to concerns about high deficits, political polarization hindering fiscal solutions, and a lack of a comprehensive debt reduction plan, following similar downgrades by S&P and Fitch.

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Trump Holds Cabinet Meeting Amidst Legal Challenges and Economic Uncertainty

President Trump will hold a Cabinet meeting today at 11 a.m. ET, with Elon Musk attending, amidst legal challenges over deportation flights and new tariffs. A judge criticized the administration's actions, while the Treasury Department faces potential payment delays due to the debt ceiling.

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Peace, Justice, and Strong Institutions
sueddeutsche.de
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German Bundestag Approves Defense Spending Increase Amidst Internal Party Dissent

The German Bundestag approved a constitutional amendment allowing 500 billion euros in increased debt for defense, despite significant internal dissent within the CDU/CSU Union faction, with numerous members expressing concerns about debt repayment and economic risks, leading to a record number of p...

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welt.de
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Germany to Vote on €500 Billion Debt Package Amidst Legal Challenges and Internal Dissent

The German Bundestag will vote on Tuesday on a €500 billion debt package proposed by the Union, SPD, and Greens, following the rejection of urgent legal challenges by the Federal Constitutional Court; the FDP plans to file a constitutional complaint and internal dissent exists within the coalition.

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Showing 1 to 12 of 80 results