The debt limit deal that President Joe Biden and House Speaker Kevin McCarthy have reached this past weekend is humiliating for Republicans. In exchange for about $28 billion in unspent COVID relief funds that will be returned, spending being capped at a 1% increase from the current inflated levels for the next two years, and […]
The post Debt deal humiliation for House GOP appeared first on Nebraska Examiner.
WASHINGTON — Congress began moving the bipartisan debt limit package forward Tuesday, though frustrations with provisions in the bill could make for narrow passage in the U.S. House and U.S. Senate. Conservative Republicans and progressive Democrats both aired their disappointment with the agreement forged over the weekend, but only GOP lawmakers are looking to possibly […]
The post Debt limit deal hits turbulence in Congress as leaders prep for vote appeared first on Nebraska Examiner.
WASHINGTON — U.S. House members walked down the steps of the Capitol building Thursday morning to head back to their districts for a Memorial Day recess that began exactly one week before the country could default on the debt. House Democrats took to the floor after the final vote of the week to give a […]
The post With debt default as soon as a week away, U.S. House jets off for holiday break appeared first on Nebraska Examiner.
WASHINGTON — Republicans and Democrats in Congress together brokered dozens of debt limit agreements, including several during the past decade, marked by a desire in both political parties to increase federal spending. But U.S. House Republicans now are pushing for the federal government to spend less next year than it will this year in order […]
The post After years of bipartisan spending boosts, U.S. House GOP won’t lift debt ceiling without cuts appeared first on Nebraska Examiner.
WASHINGTON — Progressives are pushing hard for President Joe Biden to take the unprecedented step of invoking the 14th Amendment as a way to avoid financial calamity if the White House and House Speaker Kevin McCarthy do not strike a deal on the debt ceiling in the coming days. The lawmakers and legal scholars argue […]
The post Progressives try to persuade Biden to use the 14th Amendment to resolve debt crisis appeared first on Nebraska Examiner.
WASHINGTON — President Joe Biden and Speaker Kevin McCarthy left their closely watched meeting Monday without an agreement on government spending or the debt limit, prolonging a stalemate that could soon disrupt Americans’ everyday lives as well as the global economy. Both struck a positive tone Monday, though neither divulged details about what remains unresolved […]
The post Biden and McCarthy strike positive tone after debt limit talks, but no deal yet appeared first on Nebraska Examiner.
WASHINGTON — President Joe Biden said Sunday his administration has offered $1 trillion in spending cuts as part of the ongoing talks with Republicans around a budget agreement, but he said no deal has yet been reached. Biden, speaking from Japan during a press conference following the G7 summit, said his administration wants House Speaker […]
The post Biden says he’s offered $1 trillion in spending cuts but GOP won’t budge on debt limit appeared first on Nebraska Examiner.
WASHINGTON — President Joe Biden will remain in “constant contact” with debt ceiling negotiators and promised to update the nation Sunday upon his return from a shortened trip to Asia for the G7 economic summit. Biden delivered brief remarks Wednesday before departing on a scheduled trip to Japan that will no longer include stops in […]
The post Biden vows debt ceiling talks will continue while he’s overseas at G7 summit appeared first on Nebraska Examiner.
WASHINGTON — President Joe Biden and congressional leaders struggled to find common ground on the debt ceiling during a Tuesday meeting, though lawmakers said afterward there was some progress toward a deal. Biden and U.S. House Speaker Kevin McCarthy will become the two primary negotiators on a bipartisan debt limit bill that could include other […]
The post Some movement reported in debt limit talks as Biden cuts short overseas trip appeared first on Nebraska Examiner.
WASHINGTON — U.S. House Republicans on Thursday pushed through a border security package that mirrors Trump-era immigration policies, aiming criticism at the Biden administration for ending a pandemic-era public health measure used to expel millions of migrants from the country. The House passed the measure in a 219-213 vote. Only two Republicans voted in opposition, […]
The post U.S. House passes bill to reinstate Trump-era immigration policies appeared first on Nebraska Examiner.
WASHINGTON — U.S. House Republicans have requested more than $10 billion in earmarks to be included in next year’s appropriations bills, despite demanding massive spending cuts as a contingent for raising the nation’s debt ceiling. All but a handful of House Republicans barely pushed through a bill that would temporarily raise the U.S. borrowing limit, […]
The post U.S. House GOP wants spending cuts — and also $10B in home-state earmarks appeared first on Nebraska Examiner.
WASHINGTON — The U.S. government could default as soon as next month if Congress and the Biden administration can’t reach a debt limit agreement before then, according to a new analysis from the Bipartisan Policy Center. The updated guidance, which puts the default window between early June and early August, adds pressure to President Joe […]
The post Bipartisan group projects U.S. default as soon as early June, citing ‘quite low’ cash flows appeared first on Nebraska Examiner.
WASHINGTON — U.S. House Republicans on Wednesday struggled but whipped just enough votes to pass their plan to temporarily raise the nation’s borrowing limit and also cut spending by slashing key parts of President Joe Biden’s climate and tax law, potentially risking some veterans’ health benefits and imposing more work rules on the nation’s safety […]
The post U.S. House GOP pushes through debt ceiling increase coupled with massive spending cuts appeared first on Nebraska Examiner.
WASHINGTON — U.S. Education Secretary Miguel Cardona on Tuesday said House Republicans’ debt limit proposal would cut vital education programs and harm vulnerable students across the U.S., such as those who are low income or have a disability. “It would be taking us backwards,” Cardona said on a call with reporters. U.S. House Speaker Kevin […]
The post Biden administration warns U.S. House GOP debt limit bill would slash education appeared first on Nebraska Examiner.
WASHINGTON — Hundreds of thousands of low-income Americans could face higher barriers to food assistance under the U.S. House Republican plan to cut spending while temporarily lifting the debt limit, advocates say. House Speaker Kevin McCarthy’s Limit, Save, Grow Act proposes returning discretionary spending to fiscal 2022 levels in exchange for raising the nation’s borrowing […]
The post U.S. House GOP plan would expand work requirements for food aid for older adults appeared first on Nebraska Examiner.
WASHINGTON — U.S. House Republicans unveiled a debt limit proposal Wednesday that would lift the nation’s borrowing capacity by $1.5 trillion or suspend it through March. The bill, introduced by Speaker Kevin McCarthy, carries along with it numerous Republican initiatives that are unlikely to get the bipartisan support necessary to clear the divided Congress. That […]
The post U.S. House GOP unveils plan on debt ceiling, spending cuts; Biden slams ‘wacko notions’ appeared first on Nebraska Examiner.
U.S. House Speaker Kevin McCarthy traveled to the New York Stock Exchange on Monday to press for the Republican approach to raising the nation’s debt limit in front of a new audience, calling on Democrats to agree to future spending cuts without any tax increases. McCarthy repeatedly criticized President Joe Biden and blamed him for […]
The post U.S. House speaker vows vote soon on spending cuts coupled with debt limit increase appeared first on Nebraska Examiner.
WASHINGTON — U.S. Senate Democratic leaders vowed to defend reproductive rights and abortion access Saturday, less than a day after a federal judge in Texas ruled the federal government needs to pull the abortion pill off the market within a week. Senate Majority Leader Chuck Schumer, of New York, and Washington Sen. Patty Murray, the […]
The post Democratic leaders warn abortion pill ruling could endanger other FDA-approved drugs appeared first on Nebraska Examiner.
WASHINGTON — Experts told the U.S. House Budget Committee on Wednesday the country’s economic outlook is problematic, as a fierce debate over the nation’s budget remains front and center. House Republicans, led by Speaker Kevin McCarthy of California, have repeatedly rejected raising the debt limit unless President Joe Biden agrees to a series of spending […]
The post Experts see economic problems for U.S. as struggle over debt limit, spending cuts extends appeared first on Nebraska Examiner.
WASHINGTON — U.S. senators revoked their approval for the Gulf and Iraq Wars on Wednesday, taking a broadly bipartisan vote to repeal the Authorizations for Use of Military Force that have stayed on the books years after the two wars ended. The 66-30 vote sends the measure to the U.S. House, where Speaker Kevin McCarthy […]
The post U.S. Senate in bipartisan vote repeals decades-old Iraq war authorizations appeared first on Nebraska Examiner.
WASHINGTON — A bipartisan group of former U.S. lawmakers on the National Council on Election Integrity called on Congress on Friday to spend $400 million on election integrity to insulate the system from foreign interference. “The Department of Homeland Security designated our election system as critical infrastructure in 2017,” the four wrote in a letter. […]
The post Bipartisan former members of Congress call for boost in funding to secure elections appeared first on Nebraska Examiner.
WASHINGTON — Congress’ Joint Economic Committee released a report Thursday detailing the economic repercussions of defaulting on the nation’s debt, adding fuel to the fire as Democrats pressed Republicans to address the nation’s borrowing limit without tying action to spending cuts. The report, from Democratic staff on the bipartisan Joint Economic Committee, says that a […]
The post Democratic report on U.S. debt default predicts disrupted benefits for seniors, veterans appeared first on Nebraska Examiner.
WASHINGTON — A bipartisan think tank expects that the United States will default on its debt in the summer or early fall, if Congress doesn’t take action to address the debt limit before then. The timeline is similar to one the nonpartisan Congressional Budget Office released last week, saying lawmakers have until sometime between July […]
The post Bipartisan group predicts U.S. debt default as soon as summer, depending on tax receipts appeared first on Nebraska Examiner.
WASHINGTON — Congress has until at least July to broker a bipartisan debt agreement if lawmakers want to avoid a first-ever default, according to the Congressional Budget Office. The nonpartisan scorekeeper, which typically details how much legislation would cost, released a report Wednesday saying that U.S. lawmakers and the Biden administration have until sometime between […]
The post U.S. likely to default on debt between July and September unless Congress acts, CBO says appeared first on Nebraska Examiner.
OMAHA — During Nebraska’s raucous 2022 GOP primary election, former President Donald Trump sought a Republican challenger to U.S. Rep. Don Bacon, R-Neb., who represents Nebraska’s most evenly divided congressional district. Now Bacon is being targeted by the Lincoln Project, an outside group that attacked Trump and his allies during the 2020 election cycle. The […]
The post Bacon, already attacked by Trump, now under fire from Lincoln Project appeared first on Nebraska Examiner.
WASHINGTON — U.S. House Speaker Kevin McCarthy on Monday said the greatest threat to the nation’s future is the rising national debt, though he gave few specifics for how he planned to lower deficit spending or avoid a first-ever default on the debt this year. The California Republican, in a 10-minute address from the U.S. […]
The post U.S. House speaker calls for ‘responsible’ debt limit legislation, shares few details appeared first on Nebraska Examiner.
WASHINGTON — President Joe Biden and U.S. House Speaker Kevin McCarthy huddled behind closed doors at the White House on Wednesday in the first of what will likely be several conversations as the country approaches two fiscal cliffs this year amid divided government. The top issue at the moment is when and how to address […]
The post Biden, McCarthy hold ‘productive’ and ‘frank’ debt limit talks as fiscal cliffs loom appeared first on Nebraska Examiner.
WASHINGTON — The nation reached its debt limit Thursday, beginning the uncertain process known as extraordinary measures, in which the U.S. Treasury Department uses accounting maneuvers to avoid defaulting on the debt. The often-used practice is intended to give the Republican House, Democratic Senate and Biden administration time to negotiate a bipartisan agreement to raise […]
The post U.S. hits debt limit and Treasury Department begins ‘extraordinary measures’ appeared first on Nebraska Examiner.
WASHINGTON — U.S. House Republicans filled their top committee seats this week, choosing the leaders who will set the course for bills and issues for the new majority in the 118th Congress. Veteran GOP lawmakers from Pennsylvania, North Carolina, Tennessee, Ohio, Arkansas, Kentucky and Missouri were among those who won the right to head up […]
The post U.S. House Republicans roll out a slew of new committee chairs to steer agenda appeared first on Nebraska Examiner.
WASHINGTON — U.S. House Republican leaders during a closed-door meeting Tuesday shared more details of the secret agreements Speaker Kevin McCarthy made with conservative lawmakers last week to secure the votes he needed to hold the gavel. The so-called handshake deal, displayed on slides during the GOP weekly conference meeting, if adhered to could have […]
The post U.S. House GOP plan calls for federal spending cuts, conditions on debt limit increase appeared first on Nebraska Examiner.