Tag #Debt Ceiling

Showing 13 to 24 of 106 results

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Paul Opposes $320 Billion Border Bill, Citing Excessive Debt Increase

Senator Rand Paul opposes the House-passed $320 billion border and tax bill, citing $5 trillion in increased debt over two years and inflated border wall costs as evidence, and he claims to have four Republican senators who will join him in opposing it.

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Senate Republicans Face Divisions Over Trump's Tax and Immigration Bill

The House narrowly passed President Trump's tax and immigration bill, but its future in the Senate is uncertain due to Republican divisions over spending cuts, Medicaid changes, and the bill's overall cost. The Senate must address these concerns before the July 4th deadline to avoid a potential debt...

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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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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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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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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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Johnson, Paul Clash Over Trump's Budget: Debt Ceiling at Center of Dispute

House Speaker Mike Johnson and Senator Rand Paul publicly disagreed over President Trump's proposed budget, specifically the spending cuts and debt ceiling increase, with Johnson supporting the bill as necessary to prevent an economic crisis and Paul criticizing it for insufficient cuts and proposin...

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cbsnews.com
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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 Passes Major Spending Bill After Late-Night Vote

The House of Representatives passed a large spending bill early Thursday morning by a vote of 215-214 after intense negotiations and late-night sessions; the bill now heads to the Senate.

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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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abcnews.go.com
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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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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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Showing 13 to 24 of 106 results