Tag #Debt Ceiling

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House Passes "One Big, Beautiful Bill" with Tax Cuts, Medicaid Changes, and Increased Border Security

The House narrowly passed the "one big, beautiful bill," extending the 2017 tax cuts, imposing stricter Medicaid eligibility requirements, increasing border security funding by \$62.6 billion, creating \$1,000 "Trump accounts" for children, and raising the debt ceiling by \$4 trillion.

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foxnews.com
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House Republicans Push for Trump's "Big, Beautiful Bill" Amidst Potential Delays

House Republicans are attempting to pass Trump's "Big, Beautiful Bill," facing potential delays from Democrats and internal GOP divisions; a Thursday morning vote is likely, with Senate action extending into July and a debt ceiling deadline looming in early August.

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nbcnews.com
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House Republicans Pass Budget Bill with Trillion-Dollar Impact

The House Republicans passed a massive budget bill extending Trump's tax cuts while significantly cutting Medicaid and SNAP, increasing military and border security spending, and raising the debt ceiling by $4 trillion; it now heads to the Senate.

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House Republicans Aim for Passage of "One Big Beautiful Bill" Amidst Internal Opposition and Credit Downgrade

House Speaker Mike Johnson stated that Republicans are "on track" to pass President Trump's "One Big Beautiful Bill Act" by the end of the week, despite opposition from some GOP members and a recent Moody's credit downgrade of the US government.

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cnn.com
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House Republicans Face Divisions Over Trump's 'One Big, Beautiful Bill'

House Republicans are working to pass President Trump's "One Big, Beautiful Bill," a sweeping tax and spending cuts package, facing internal divisions over Medicaid cuts, the SALT deduction cap, and other provisions; the bill's fate depends on Speaker Mike Johnson's ability to unite his party and se...

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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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House Passes Sweeping Tax and Spending Bill

The House of Representatives narrowly passed a bill with extended tax cuts, increased Medicaid requirements, and a higher debt ceiling, sending it to the Senate for further consideration.

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npr.org
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House Republicans Release Revised $3.8 Trillion Tax Cut Bill

House Republicans released a revised bill totaling roughly $3.8 trillion in tax cuts, extending the 2017 Trump tax cuts and including changes to Medicaid and SNAP, aiming for passage by the end of the week after negotiations with the White House.

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cbsnews.com
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Moody's Downgrades U.S. Credit Rating, Sending Stock Futures Lower

Moody's downgraded the U.S. credit rating from Aaa to Aa1 on Friday, citing rising federal deficits projected to reach almost 9% of the U.S. economy by 2035, causing stock futures to decline before Monday's opening bell and the U.S. dollar to weaken.

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Moody's Downgrades U.S. Credit Rating to Aa1

Moody's downgraded the U.S. credit rating to Aa1 from AAA on Friday, citing rising government debt and political dysfunction, potentially impacting financial markets and interest rates.

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foxnews.com
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House Republicans Face Tight Deadline on Tax Cut, Spending Bill

House Republicans are racing to pass a bill that cuts taxes and spending by Memorial Day, facing internal disagreements and Democratic opposition over proposed cuts to entitlement programs and the SALT deduction, with the bill's passage impacting the federal budget and various government programs.

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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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Showing 1 to 12 of 90 results