The House will interrupt its previously scheduled seven-week summer recess later this month to consider a budget resolution to kick off the process for Democrats’ $3.5 trillion spending plan. House Majority Leader Steny Hoyer (D-Md.) announced in a letter to lawmakers on Tuesday that the chamber will return to session on Aug. 23 to consider the budget resolution, […]

Forty-six Republican senators issued a stern warning to Democrats that they will not vote for an increase in the debt ceiling, a move that could raise the risk of the U.S. Treasury defaulting on its obligations as soon as next month. “We will not vote to increase the debt ceiling, whether that increase comes through […]

The Senate Wednesday morning passed 50-49 a partisan $3.5 trillion budget resolution, setting the stage for Democrats to pass key health care priorities through the fast-track, reconciliation process in the fall, and refueling the debate over which policies should ultimately be included. Two moderate Democrats, Sens. Joe Manchin (WV) and Kyrsten Simena (AZ), say that […]

Speaker Nancy Pelosi told her caucus Wednesday she would not waver from her two-pronged strategy to deliver President Joe Biden’s main domestic priorities, bringing the House closer to a standoff between Democrats’ leadership and their most vulnerable members. The California Democrat reiterated in no uncertain terms during a call with members that she would only bring the […]

House and Senate committees would be directed to produce legislation providing $3.5 trillion of spending to enact the bulk of President Joe Biden’s economic agenda under S. Con. Res. 14, the Senate’s fiscal 2022 budget resolution. The resolution would tee up the budget reconciliation process that would allow Democrats to pass Biden’s plan without Republican support, including […]

By Alex Ruoff | August 9, 2021 2:48PM ET Senate Democrats laid out an ambitious plan to expand public health insurance programs Monday, with a price tag that could hit more than $1 trillion. Democratic leaders released text of their budget resolution, setting up President Joe Biden’s $3.5 trillion economic plan. Roughly a third of […]

Democrats’ $3.5 trillion social spending package marks the party’s last chance before the midterm elections to make good on health care promises they’re counting on to keep control of Congress. All they need is several trillion more dollars. To squeeze as many of their priorities as possible in a budget resolution that’s expected right after […]

The legal limit on how much debt the U.S. government can owe was reimposed Sunday, kicking off a high-stakes battle over federal spending with dire implications for global financial markets. A two-year deal to suspend the debt ceiling lapsed at midnight following inaction from Congress and President Biden to give the U.S. more borrowing authority. The Treasury […]

Senate Majority Leader Chuck Schumer (D-N.Y.) set a deadline to wrap talks on both the bipartisan infrastructure package and an agreement among all Democrats on moving forward on a budget resolution. The move puts pressure on Republicans to cut a deal quickly on the $579 billion infrastructure plan and on moderate Democrats to agree to the $3.5 […]

Senate negotiators struggled Tuesday to shore up enough support for both a bipartisan infrastructure bill and a large tax and spending measure backed only by Democrats, marking a significant political hurdle for quick congressional approval of President Joe Biden’s $4 trillion economic agenda. A group of 22 Democratic and Republican senators plans to huddle Tuesday night […]