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The Fiscal Responsibility Act of 2023 is an act of the 118th United States Congress that suspended the debt limit until January 2025, bringing an end to the crisis. [94] The bipartisan piece of legislation, endorsed by both Republican and Democratic leadership, was introduced by Patrick McHenry on May 29, 2023, to implement the agreement ...
The nation’s debt ceiling was reinstated Thursday, ... 31, up from $31.4 trillion in June 2023, when the cap was suspended as part of the bipartisan Fiscal Responsibility Act.
The national debt currently exceeds $36 trillion — an increase of about $5 trillion from where it stood at the time of the 2023 debt ceiling battle. When the debt limit is reinstated next week ...
The president-elect is also urging lawmakers to approve more government borrowing by addressing the nation's debt ceiling before he takes office on Jan. 20. ... Failure to act could prevent the ...
For about 48 hours last week, it looked like a debt ceiling fight in 2025 would be averted, as ideas were floated to postpone the issue until 2027 or 2029 (or even forever). But it was not to be.
Bill passed after senators rejected 11 proposed amendments
This grant requires that state governments, organizations, and tribes "allocate 25 percent of the grant funds to law enforcement, 25 percent to prosecution, 5 percent to courts, and 30 percent to victim services. The remaining 15 percent is discretionary within the parameters of the Violence Against Women Act (VAWA). [33]"
Senator Cornyn said that Acevedo was "mistaken" in invoking the VAWA. On March 15, 2022, President Joe Biden signed the reauthorization of VAWA into law as part of the Consolidated Appropriations Act of 2022 ; it is called the Violence Against Women Act Reauthorization Act of 2022. The reauthorization act does not include provisions to close ...