Tag #Debt Ceiling

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forbes.com

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Mar 12, 01:12

House Debates Continuing Resolution, Risking Government Shutdown Amidst Budgetary Impasse

The US House is debating a continuing resolution (CR) that would maintain fiscal year 2024 non-defense spending levels while increasing defense and border funding, risking a government shutdown if not passed by Friday, highlighting the ongoing struggle to control a ballooning federal budget.

House Debates Continuing Resolution, Risking Government Shutdown Amidst Budgetary Impasse

The US House is debating a continuing resolution (CR) that would maintain fiscal year 2024 non-defense spending levels while increasing defense and border funding, risking a government shutdown if not passed by Friday, highlighting the ongoing struggle to control a ballooning federal budget.

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What institutional reforms are necessary to achieve sustainable fiscal discipline and prevent future budget crises?

The current budget process is ineffective at controlling spending; inaction, through potential shutdowns, may be the only way to achieve spending reductions. Future solutions involve institutional reforms such as zero-based budgeting, sunsetting federal programs, and regulatory caps to curb both spending and over-regulation. The long-term implication is a need to fundamentally reform the budget process to achieve fiscal discipline.

es.euronews.com

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Mar 5, 13:11

Germany to Create €500 Billion Fund, Suspend Debt Ceiling for Defense and Infrastructure

Germany's CDU/CSU and SPD will jointly propose a €500 billion special fund for infrastructure and defense, requiring a constitutional amendment to suspend the debt ceiling, a significant policy change after recent elections.

Germany to Create €500 Billion Fund, Suspend Debt Ceiling for Defense and Infrastructure

Germany's CDU/CSU and SPD will jointly propose a €500 billion special fund for infrastructure and defense, requiring a constitutional amendment to suspend the debt ceiling, a significant policy change after recent elections.

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What immediate steps is the German government taking to address defense and infrastructure needs post-election?

Following the German federal elections, CDU/CSU and SPD agreed to establish a €500 billion special fund for infrastructure and increased defense spending. This will require amending the German constitution to suspend the debt ceiling, needing a two-thirds parliamentary majority.

forbes.com

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Feb 25, 22:12

US Government Shutdown Looms Amid Democratic Opposition to Trump-Musk Spending Cuts

As of March 14, US Congress faces a potential government shutdown due to Democratic opposition to President Trump and Elon Musk's sweeping spending cuts, which affect non-essential government services and raise concerns about the balance of power, though essential services like Social Security and M...

US Government Shutdown Looms Amid Democratic Opposition to Trump-Musk Spending Cuts

As of March 14, US Congress faces a potential government shutdown due to Democratic opposition to President Trump and Elon Musk's sweeping spending cuts, which affect non-essential government services and raise concerns about the balance of power, though essential services like Social Security and M...

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Peace, Justice, and Strong Institutions

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Why are Democrats opposing the proposed spending cuts, and what are the underlying causes of this political conflict?

Democratic resistance stems from concerns that Trump and Musk are exceeding their authority by unilaterally cutting government spending. This has led to accusations of hypocrisy against Republicans who support both the cuts and a continuing resolution. The impasse highlights the tension between executive and legislative branches over budgetary control.

dw.com

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Feb 13, 10:10

German Coalition Collapse Exposes Deep Fiscal Divisions"

Germany's 2024 coalition government collapsed due to a €25 billion budget shortfall for 2025, creating uncertainty regarding fiscal policy and future government formation. Differing opinions about the "Schuldenbremse" (debt brake) and necessary spending on defense and social programs highlight deep ...

German Coalition Collapse Exposes Deep Fiscal Divisions"

Germany's 2024 coalition government collapsed due to a €25 billion budget shortfall for 2025, creating uncertainty regarding fiscal policy and future government formation. Differing opinions about the "Schuldenbremse" (debt brake) and necessary spending on defense and social programs highlight deep ...

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What are the immediate consequences of the German coalition government's collapse, and how will this impact the country's budgetary process and international relations?

Germany's coalition government collapsed in November 2024 due to a €25 billion budget deficit for 2025. Disagreements over using loans to cover the shortfall led to the collapse. This leaves forming a new government and passing a budget for 2025 as immediate priorities.

foxnews.com

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Feb 7, 16:13

House Republicans Finalize \$1 Trillion+ Spending Cut Package

House Republicans met with President Trump to finalize a tax and spending cut package exceeding \$1 trillion, aiming for release in the coming days, including making the 2017 Trump tax cuts permanent and potentially barring taxes on tips; failure to pass could cause a government shutdown.

House Republicans Finalize \$1 Trillion+ Spending Cut Package

House Republicans met with President Trump to finalize a tax and spending cut package exceeding \$1 trillion, aiming for release in the coming days, including making the 2017 Trump tax cuts permanent and potentially barring taxes on tips; failure to pass could cause a government shutdown.

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What are the immediate consequences if House Republicans fail to pass their budget plan by the March deadline?

House Republicans and President Trump met for five hours on Thursday to finalize a tax and spending cut package, exceeding \$1 trillion in spending cuts, aiming for a framework release in the coming days. The plan includes making the 2017 Trump tax cuts permanent and potentially barring taxes on tips.

foxnews.com

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Jan 29, 01:08

House GOP Divisions Threaten Legislative Agenda

Vice President JD Vance addressed House Republicans at their annual conference in Doral, Florida, urging unity despite some members skipping the event due to disagreements over spending and legislative priorities, jeopardizing the party's ability to pass legislation.

House GOP Divisions Threaten Legislative Agenda

Vice President JD Vance addressed House Republicans at their annual conference in Doral, Florida, urging unity despite some members skipping the event due to disagreements over spending and legislative priorities, jeopardizing the party's ability to pass legislation.

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What is the immediate impact of the internal divisions within the House Republican party on their legislative agenda?

At the House GOP annual issues conference in Doral, Florida, Vice President JD Vance urged unity among Republicans, acknowledging internal divisions but emphasizing the need for collaboration. However, some lawmakers, like Rep. Chip Roy, skipped the event, citing wasted time and funding priorities, creating further friction within the party.

welt.de

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Mar 11, 19:16

Hannover Mayor Criticizes German Debt Package for Insufficient Municipal Funding

Hannover's mayor, Belit Onay, criticizes the German government's proposed debt package for insufficient funding for municipalities, stating that only a small portion of the planned 100 billion euros for infrastructure investments will reach them. He advocates for clear commitments, sufficient fundin...

Hannover Mayor Criticizes German Debt Package for Insufficient Municipal Funding

Hannover's mayor, Belit Onay, criticizes the German government's proposed debt package for insufficient funding for municipalities, stating that only a small portion of the planned 100 billion euros for infrastructure investments will reach them. He advocates for clear commitments, sufficient fundin...

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What are the immediate implications of the proposed German federal debt package for municipalities, according to Hannover's mayor?

Hannover's mayor, Belit Onay, criticizes the insufficient funding for municipalities in the proposed German federal government's debt package, stating that only a small portion of the planned 100 billion euros for infrastructure investments will likely reach them. He emphasizes the need for clear commitments and sufficient funding to ensure reliable planning.

welt.de

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Mar 5, 19:13

Madsen Cautions Against Premature Distribution Fights Over €500 Billion German Infrastructure Package

Schleswig-Holstein's Economics Minister Claus Ruhe Madsen urges a strategic approach to utilizing the planned €500 billion German infrastructure package, highlighting pre-planned projects to ensure efficient and timely implementation, while warning of potential price increases due to economic constr...

Madsen Cautions Against Premature Distribution Fights Over €500 Billion German Infrastructure Package

Schleswig-Holstein's Economics Minister Claus Ruhe Madsen urges a strategic approach to utilizing the planned €500 billion German infrastructure package, highlighting pre-planned projects to ensure efficient and timely implementation, while warning of potential price increases due to economic constr...

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Industry, Innovation, and Infrastructure

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What immediate actions are being proposed to ensure the effective use of the €500 billion infrastructure package, and how might this impact project timelines?

Schleswig-Holstein's Economics Minister Claus Ruhe Madsen cautions against starting distribution fights before the €500 billion infrastructure package is secured, emphasizing the need for strategic project selection. He highlights pre-planned railway projects ready for immediate implementation, showcasing efficient use of funds. This proactive approach ensures faster project commencement and reduces delays.

cbsnews.com

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Feb 25, 19:08

House Budget Vote Uncertain Amidst Republican Divisions

The House is set to vote on a budget proposal including $4.5 trillion in tax cuts and at least $1.5 trillion in spending cuts, but its passage is uncertain due to internal Republican opposition and concerns over potential impacts on programs like Medicaid.

House Budget Vote Uncertain Amidst Republican Divisions

The House is set to vote on a budget proposal including $4.5 trillion in tax cuts and at least $1.5 trillion in spending cuts, but its passage is uncertain due to internal Republican opposition and concerns over potential impacts on programs like Medicaid.

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What are the key sources of opposition to the budget proposal within the Republican party, and what are their specific concerns?

This budget proposal, if passed, would significantly alter federal spending and taxation, potentially impacting social programs and the national debt. Opposition from within the Republican party highlights disagreements over the plan's scope and consequences, creating uncertainty about its ultimate success. The Senate has a competing plan.

foxnews.com

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Feb 7, 19:10

House Republicans Finalize Details of Trillion-Dollar Tax and Spending Cut Package

House Republicans and President Trump met for five hours to finalize a tax and spending cut package exceeding \$1 trillion, aiming for permanent 2017 tax cuts and a debt ceiling inclusion, with a framework release expected by Monday.

House Republicans Finalize Details of Trillion-Dollar Tax and Spending Cut Package

House Republicans and President Trump met for five hours to finalize a tax and spending cut package exceeding \$1 trillion, aiming for permanent 2017 tax cuts and a debt ceiling inclusion, with a framework release expected by Monday.

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How might the inclusion of the debt ceiling in the bill impact the ongoing negotiations and potential for a government shutdown?

The negotiations aim to use budget reconciliation to avoid Senate filibusters, requiring a House-adopted budget framework. Failure to do so would block the reconciliation option. Senate Republicans, proceeding with their own plan, are pressuring the House GOP, creating a potential impasse if the House stumbles.

cbsnews.com

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Feb 7, 01:08

House Urges Senate to Await Budget Plan, Key Disagreements Remain

House Speaker Mike Johnson urged Senate Republicans to wait for the House to advance President Trump's budget reconciliation plan, which includes extending 2017 tax cuts, bolstering border security, and addressing the debt ceiling, after a White House meeting where progress was made but key disagree...

House Urges Senate to Await Budget Plan, Key Disagreements Remain

House Speaker Mike Johnson urged Senate Republicans to wait for the House to advance President Trump's budget reconciliation plan, which includes extending 2017 tax cuts, bolstering border security, and addressing the debt ceiling, after a White House meeting where progress was made but key disagree...

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What are the immediate impacts of the House Republicans' actions on the proposed budget reconciliation legislation?

Speaker Mike Johnson urged Senate Republicans to await the House's budget reconciliation process, which aims to extend 2017 tax cuts and includes border security and other measures. House Republicans met with President Trump to finalize details, aiming for a House Budget Committee markup potentially next week. Senate Republicans had planned to proceed independently but are now waiting for the House's action.

foxnews.com

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Jan 28, 04:09

US Government Faces Shutdown Threat Amid Spending Impasse

The US government faces a potential shutdown on March 14th due to the failure of the Republican-controlled Congress and White House to agree on a spending plan for fiscal year 2025, despite having unified control.

US Government Faces Shutdown Threat Amid Spending Impasse

The US government faces a potential shutdown on March 14th due to the failure of the Republican-controlled Congress and White House to agree on a spending plan for fiscal year 2025, despite having unified control.

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How do internal divisions within the Republican party contribute to the current impasse?

The current impasse highlights the challenges of governing within the deeply divided US political landscape. The Republican party's inability to pass spending bills, even with unified control, underscores internal divisions and difficulties in achieving consensus. Past instances of near-shutdowns and last-minute deals demonstrate the high stakes involved and the potential for significant economic and political consequences.

Showing 13 to 24 of 76 results