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According to The Associated Press, “A 2023 debt ceiling and budget-cuts deal between Republicans and the White House resulted in $1.4 billion rescinded from the agency and a separate agreement ...
The budget also calls for a $4 trillion hike to the government’s borrowing limit — something Republicans in past years have used as leverage to try to extract spending cuts from Democrats ...
Significant cuts to Medicaid could be on the table next Congress as President-elect Trump and Republicans look for ways to offset tax cuts and streamline government spending. Republicans on ...
The text also calls for $4.5 trillion in new spending for the House Ways & Means Committee, aimed at extending measures in Trump's Tax Cuts and Jobs Act that are expiring at the end of this year.
President Donald Trump has pursued a radical overhaul of the U.S. government since taking office on January 20, aiming to slash spending and dramatically downsize the 2.3 million strong civil service.
On January 19, 2023, the United States hit its debt ceiling, leading to a debt-ceiling crisis, part of an ongoing political debate within Congress about federal government spending and the national debt that the U.S. government accrues. [1] [2] In response, Janet Yellen, the secretary of the treasury, began enacting temporary "extraordinary ...
Trump had called on lawmakers to abolish the debt ceiling, a limit set by lawmakers to determine how much money the federal government can borrow to pay its bills. It was last raised in 2023 ...
Disagreements over where to set the floor for spending cuts have put House Republicans behind on their ambitious schedule for reconciliation, which includes a final goal of getting a bill on Trump ...