| 单词 | spending cut |
| 例句 | They have demanded Greece make extra spending cuts worth 1 percent of GDP - or just above 2 billion euros - this year, including slashing defense and health spending as well as cutting redundant state entities. Greek PM tries to win backing from parties for reforms 2012-01-29T14:40:07Z Such libraries are mushrooming as community groups are forced to step in to save their local libraries from closing as a result of spending cuts. Authors face royalty threat from volunteer libraries 2012-07-22T16:02:14Z He said he was crafting a $2.7 trillion package of spending cuts that would also push the government's borrowing authority through next year, a timeline that Obama and top Democrats are demanding. GOP going solo after bipartisan talks collapse 2011-07-25T10:20:00Z Political parties warn there will be spending cuts no matter who wins a national election expected in May. UK arts institutions to government: Don't ax funds 2010-03-25T12:44:00Z Lost contributions to the Social Security trust fund would be replenished – under the GOP proposal, it would be backfilled by spending cuts elsewhere in the budget. House approves payroll tax cut extension 2011-12-13T23:49:00Z The mantle is proofed against public spending cuts because the government is not putting in any cash. Derry celebrates culture capital success 2010-07-15T19:41:00Z Many Republicans had initially balked at the extension while others insisted that its cost had to be offset by spending cuts to prevent an increase in the U.S. deficit. Congress reaches payroll tax-cut deal 2012-02-16T07:22:03Z The heritage sector accepts that public spending cuts are a fact of life, but we do not consider it right for heritage to be penalised beyond the level suffered by others. Can heritage survive another hammering? 2013-06-26T09:40:58Z The council, which is to be axed by the government as part of spending cuts, said it was another "powerful example" of a "decade-long strategy of championing exciting film projects and investing in creative excellence". King's Speech leads Bafta field 2011-01-18T11:06:30Z Conservatives from Republican Study Committee wanted budgets to balance more quickly than Ryan proposed, and did so with deeper spending cuts. House set to OK controversial Ryan budget 2012-03-29T14:41:00Z Alex Turner: lyricist of a generation, everyday commentator extraordinaire, brilliant on chip shops, less so on council spending cuts. Punk spoke up for angry kids. Why won't today's bands follow suit 2011-08-14T21:05:00Z Lawmakers and would-be presidents need to accept that both spending cuts and tax increases are needed if the budget is ever to be wrestled down. 'The Reckoning': Straight talk about America's big challenges 2012-05-23T20:19:04Z The outbreak has rippled beyond the health sector, prompting spending cuts across the board as all three countries struggle with rising inflation and drops in productivity. Ebola outbreak: US to send 3,000 troops to west Africa to fight epidemic 2014-09-16T04:00:00Z A senior administration official also said that about $600 billion in automatic spending cuts for the military that are set to trigger in early 2013 would be replaced by a "balanced deficit-reduction package." What to expect in Obama's budget for fiscal 2013 2012-02-13T12:45:14Z The combination of new money and spending cuts are aimed at closing a $315 million shortfall in next year's budget. Preckwinkle calls for tax hikes, layoffs 2011-10-25T02:09:00Z First, the White House wanted a congressional vote separated from spending cuts. Debt debate forces Obama to shift stances 2011-07-23T11:42:00Z Oliver grew up in Bedford, the son of two teachers in a household politicised by Thatcher’s spending cuts to education. John Oliver: ‘I’m used to audiences not liking me’ 2018-02-24T05:00:00Z While McCarthy may be out, his replacement isn’t any better for hungry Americans, as Johnson’s conservative allies are pushing him towards significant spending cuts and new restrictions on SNAP. How did hunger become a hot-button partisan issue? 2023-11-06T05:00:00Z Deficits could be reduced by spending cuts or tax revenue increases or both. Debt crisis focus shifts to Senate 2011-07-30T03:46:00Z It's the festival's 25th anniversary this year but the party mood has been somewhat dampened by the spending cuts. This week's new film events 2011-03-26T00:07:04Z "Governor Mitt Romney and Senator Rick Santorum claim they will champion spending cuts deep enough to cut taxes and balance the budget," James Kvaal, the campaign's policy director writes in the memo. Obama campaign memo targets Santorum 2012-02-21T18:02:00Z However, they will have to continue to make the case for it as spending cuts elsewhere begin to bite. Coalition agreement - the full deal at a glance 2010-05-20T14:13:00Z The head of the union of guards for culture ministry museums and other sites said spending cuts had compromised security at hundreds of museums and ancient sites across Greece. ArtsBeat: Gunmen Steal Dozens of Antiquities in Greece's Second Big Museum Theft This Year 2012-02-17T20:41:48Z It seems to me there's a 1930s air to it in terms of its fiscal orthodoxy, spending cuts, income inequalities, with David Cameron as an almost Stanley Baldwin figure. From Marx to the Milibands 2011-01-16T00:04:08Z That law established Medicare’s prescription-drug benefit plan without offsetting spending cuts or tax increases, adding $16 trillion to our unfunded liabilities. Why Closing Medicare's 'Donut Hole' is a Terrible Idea 2012-05-23T19:38:46Z "This kind of support for looked-after children is even more important in these times of spending cuts," said the author, best known for his Dilly the Dinosaur stories. Pilot scheme to send book parcels to children in care 2010-07-19T12:10:00Z Which of these paintings matches most closely the way we talk about British society now, and the way it will be reshaped by George Osborne's spending cuts? Victorian art, the sentimental poor ? and Cameron's Britain 2010-10-26T14:33:00Z Hunt has made it very clear that the arts will not be exempt from the impending massive spending cuts. Arts and the new coalition government 2010-05-21T23:07:00Z David Stubbs A timely three-part series filmed over a year in Stoke-on-Trent, charting the reactions of local politicians and voters alike as spending cuts begin to bite. TV listings and previews: plan your week's viewing - 29 October - 2 November 2012-10-29T08:00:00Z My only fear, viewing this superlative production on the eve of the spending cuts, was whether regional theatre of this quality will soon go the way of Malfi's Duchess. The Duchess of Malfi ? review 2010-10-20T20:31:00Z But all over Britain, a darker reality is emerging in the wake of spending cuts. Museums should feel free to charge admission 2011-07-21T10:10:06Z With severe public sector cuts looming, George Osborne is eager to remind people that his guiding principles are "fairness and growth" – and that those opposing spending cuts are "deficit deniers". Doncaster library cuts are cultural vandalism 2010-08-18T11:06:00Z The pledge calls for spending cuts, caps to future spending and passage of a constitutional amendment to balance the federal budget. Illinois' GOP freshmen face key debt vote 2011-07-28T00:49:00Z Every few months, the country faces a looming fiscal deadline - tax cuts are set to expire, or the nation's debt limit needs to be raised, or automatic spending cuts are to take effect. Column: Real or fake? It's hard to tell anymore 2013-02-11T11:01:06Z As Billington reminds us, "insane spending cuts" are on their way. Response: Fringe theatre provides young actors with an excellent career path 2010-10-07T23:04:00Z When the scale and nature of the coalition government's spending cuts became known this autumn, critics reached for images from Victorian Britain, comparing the social consequences to some scene engraved by Gustave Doré. How Dickens and Dor? forecast our winter of discontent 2010-12-17T13:11:47Z The Senate Republican plan would instead pay for the costs by making spending cuts elsewhere in the federal budget and requiring the rich to do without government aid. GOP: Charge wealthy more for Medicare 2011-11-30T23:02:00Z The culture spending cuts are hitting all of the UK, every corner, and here are two stories from Scotland. National centre for traditional music in Scotland threatened 2011-02-07T18:36:00Z I don't rejoice in it, but chances are that the Arts Council spending cuts may not do us any harm, and potentially even some good. The directors' debate: Are arts funding cuts a good idea? 2010-08-26T16:16:00Z Far from criticising the last licence fee settlement, as the NUJ did, the newspaper said he had "secured the licence fee at a time of unprecedented public spending cuts". Mark Thompson: A hard act to follow 2012-09-15T01:03:43Z He then outlined some of the measures to achieve the extra £25bn in permanent spending cuts to achieve the surplus. George Osborne: UK working-age benefits to be frozen for two years 2014-09-29T04:00:00Z Photograph: Eamonn McCabe for the Guardian Minor romantic novelists might not be the first group to come to mind when you consider deprived victims of the current public spending cuts. Authors fear cut in income from library loans 2010-06-28T14:52:00Z The House had rejected the Democrats' idea to increase the income tax on millionaires, instead passing a one-year extension that covered the cost by spending cuts and new revenue. House GOP leaders yield on payroll tax 2011-12-23T02:49:00Z The nonpartisan Tax Policy Center, for example, concluded that large spending cuts would be required with Donald J. Trump’s tax plan or the national debt would soar. Marriage, Poverty and the Political Divide 2016-01-24T05:00:00Z The president's budget proposal reprises many of those approaches in a mix of spending cuts and revenue increases that he contends will slice projected deficits by $4 trillion over the next decade. Voters like mix of more taxes, less spending 2012-02-15T03:09:00Z A key issue remains how Congress could force further spending cuts next year, rather than hold another increase in the debt ceiling hostage to a prolonged debate. Senate debt vote delayed, Reid optimistic 2011-07-31T03:08:00Z Photograph: Alastair Muir NO: Adrian Jackson, artistic director of Cardboard Citizens I'm as perturbed by the prospect of spending cuts as anybody in the performing arts. The directors' debate: Are arts funding cuts a good idea? 2010-08-26T16:16:00Z Major repair and conservation work is heavily dependent on grant aid, but those sources are precarious – English Heritage will inevitably have to make further budget cuts as government spending cuts bite. One in 10 English churches needs urgent repairs 2010-06-30T14:05:00Z The deficit has since been eliminated, Lincoln Center said, through fund-raising and spending cuts. Behind Lincoln Center’s White Travertine Facade: Infighting and Indecision 2018-07-01T04:00:00Z Many Labour politicians have claimed one reason for this is because women are disproportionately hit by spending cuts. Maria Miller: the new culture secretary facing a steep learning curve 2012-10-05T17:46:12Z Rick Perry to identify potential spending cuts of 5 percent, officials say the closing could save the university $66,000 in its $2 billion annual budget. 2010-02-06T05:59:00Z But all that good work can be wiped out by public spending cuts, predatory lending or exploitative low levels of pay. How philanthropy benefits the super-rich 2020-09-08T04:00:00Z Perhaps the most notable shift has been on whether an increase should be linked to spending cuts. Debt debate forces Obama to shift stances 2011-07-23T11:42:00Z But, like Sarkozy, he has emphasized the need for spending cuts, debt reduction and more austerity even in the face of a sluggish economic recovery in France and most of Europe. “The Intouchables”: Racial comedy, French style 2012-05-22T20:45:00Z They are also managed by some of the most able people I've ever met, who, in the current economic situation, I'm sure don't expect the Arts to be exempt from public spending cuts. Incentivise giving, pace cuts, halt capital developments: advice to Jeremy Hunt from across the Atlantic 2010-09-22T10:11:00Z The market for hand-woven tapestries and rugs plummeted during Spain's financial crisis, with key clients like the government crippled by spending cuts. Centuries-old Spanish tapestry factory saved from bankruptcy 2016-10-13T04:00:00Z The Club for Growth also made a "six-figure" ad buy in Indiana and a slightly smaller one in Utah this month, putting pressure on lawmakers to demand deep spending cuts and a balanced budget amendment. Advertising blitz seeks to sway debt debate 2011-07-29T21:43:06Z Democratic and GOP leaders went with just a short extension after failing to agree on big enough spending cuts to pay for a full-year renewal of the payroll tax cut. Senate OKs payroll tax cut compromise 2011-12-17T14:57:00Z Romney’s plans are for tax cuts and spending cuts that will grow the economy through trickle down. We’ve been brainwashed 2012-06-14T17:21:00Z He pointed to such voter-approved initiatives as Proposition 30, which increased personal-income and sales taxes to fund public education and thereby avoid deep spending cuts. The high human costs of defunding state universities 2017-03-10T05:00:00Z Arts funding cuts will bring down the curtain on our theatre's golden age | Lee Hall Arts Council England dips into coffers to minimise pain of £19m spending cut Arts cuts? As they bow to London's arts mafiosi, the Tories still handcuff the provinces 2010-10-21T19:02:00Z In a new era of economic uncertainty, and spending cuts to Dutch culture, the project feels like it will be one of the last of its kind for many years. Rijksmuseum to reopen after dazzling refurbishment and rethink 2013-04-05T15:55:13Z He added that "a steadily increasing number of such buildings is likely to hit the market as savage spending cuts mean their disposal becomes unavoidable". Historic buildings sold off by public sector to meet cuts shortfall 2011-04-03T17:01:04Z The mayors of Hartford and neighboring East Hartford said they couldn't justify the roughly $100,000 expense while facing painful spending cuts. Fireworks, franks, festivities: Americans mark July Fourth 2016-07-04T04:00:00Z The human cost of the banking crisis and the spending cuts are explored in Theatre Uncut, an evening of eight short plays by leading writers including Mark Ravenhill, Lucy Kirkwood and Dennis Kelly. Theatre Uncut - review 2011-03-17T17:58:55Z In a heated floor speech on Wednesday, Representative Chip Roy of Texas scolded his fellow Republicans for agreeing to keep the government funded without insisting on any spending cuts or policy conditions. House Republicans, Stalled on Spending, Weaponize the Power of the Purse 2023-11-16T05:00:00Z Insisting on excessive spending cuts to reduce deficits while opposing any tax increases, threatening shutdowns and near-defaults — those aren’t the tactics of fiscal conservatives. Opinion: The GOP shutdown drama in Washington costs us plenty, even when Congress averts a stoppage 2023-11-16T05:00:00Z Known as a so-called “clean continuing resolution,” it does not include any spending cuts. Shutdown narrowly averted as Senate passes short-term spending bill, sends to Biden for signature 2023-11-15T05:00:00Z The new speaker, who told reporters this week that he counted himself among the “arch-conservatives” of the House, is pushing for deeper spending cuts. Senate looks to speed ahead on temporary funding to avert government shutdown through the holidays 2023-11-15T05:00:00Z Republican Senator Rand Paul, who in the past has used parliamentary maneuvers to hold up action, said on social media that he would push for deeper spending cuts. US Senate aims for quick vote to avoid shutdown, but possible potholes ahead 2023-11-15T05:00:00Z The good news is that in spite of all this drama, they did manage to pass a short-term continuing resolution without spending cuts, thereby temporarily avoiding a government shutdown. Republicans in Congress are throwing an institutional tantrum 2023-11-15T05:00:00Z The ruling may force the government to make spending cuts given that Lindner has ruled out tax rises or suspending Germany's constitutionally enshrined debt brake again. German court deals blow to Scholz government with budget ruling 2023-11-15T05:00:00Z Tuesday's House vote was a victory for House Speaker Mike Johnson, who faced down opposition from some of his fellow Republicans who had pushed for deep spending cuts. US Senate takes up bill to avert partial government shutdown 2023-11-15T05:00:00Z The bill faced criticism from the conservative House Freedom Caucus, in part because it does not include the steep spending cuts they had been advocating for. US House Speaker passes bill to avert shutdown with Democratic support 2023-11-14T05:00:00Z Tuesday's vote was a victory for House Speaker Mike Johnson, who faced down opposition from some of his fellow Republicans who had pushed for deep spending cuts. US Senate aims for quick vote to avoid shutdown, but possible potholes ahead 2023-11-15T05:00:00Z Some Republicans on the party's right flank said they were frustrated that it did not include the steep spending cuts and border-security measures they sought. US House passes spending bill to avert government shutdown 2023-11-14T05:00:00Z Democratic House leaders said on Tuesday afternoon they would support Johnson's plan, saying they are pleased that the legislation does not include deep spending cuts or controversial policies on abortion or other hot-button social issues. US House to vote on spending bill to avert government shutdown 2023-11-14T05:00:00Z House Republicans are leaning against it because they want drastic spending cuts and border security funds. Speaker Johnson says he won’t end up like McCarthy, defends his stopgap measure 2023-11-14T05:00:00Z Mr Johnson's continuing resolution is a so-called "clean" bill with no spending cuts, policy provisions or other strings attached. Kevin McCarthy accused of elbowing fellow Republican. 2023-11-14T05:00:00Z But the bill lacks the steep spending cuts and border-security measures that many Republicans have sought. US House Speaker Johnson looks to Democrats to avert gov't shutdown 2023-11-14T05:00:00Z Roy and other hardliners criticize the measure for lacking spending cuts and conservative policies, such as tighter U.S.-Mexico border security, and because it would extend food assistance for poor families to Sept. 30. US Congress tries to overcome partisan logjam to avert government shutdown 2023-11-14T05:00:00Z "With the presidential election just a year away, it's unlikely that the government will announce significant proposals to address these issues, given the unpopularity of promising spending cuts and tax increases," Dugan said. Asia stocks rise ahead of US inflation data; yen stumbles 2023-11-14T05:00:00Z Hardline conservatives in the House said they won’t vote for it unless spending cuts are added. Rep. Dean Phillips says he’ll vote for Speaker Mike Johnson’s stopgap measure to avoid shutdown 2023-11-13T05:00:00Z Senate Majority Leader Schumer, whose support would be critical to pass the measure to head off a government shutdown beginning on Saturday, said he was "pleased" that Johnson's proposal did not include sharp spending cuts. US House speaker's plan to avoid shutdown gains some Democratic support 2023-11-13T05:00:00Z The approach quickly came under fire from the White House and members of both parties, including hardliners who had lobbied for a CR with spending cuts. New US House speaker tries to muster his Republicans to avert government shutdown 2023-11-13T05:00:00Z Many voters cited fears about Milei's "chainsaw" plan for the economy, including large public spending cuts. Argentina's presidential rivals clash in key voter battlegrounds 2023-11-13T05:00:00Z But ultra-conservatives are giving the new speaker more leeway because they say they trust him to negotiate future spending cuts more than they trusted Mr. McCarthy. Speaker Johnson struggles to sell ‘laddered’ stopgap spending bill as Congress careens to shutdown 2023-11-12T05:00:00Z That is because the bill is relatively “clean,” meaning there are no spending cuts tacked on. Speaker Johnson lands on two-step stopgap bill ahead of deadline to fund government 2023-11-11T05:00:00Z With a potential shutdown only days away, some Republicans have called for a "clean" CR that would run to mid-January and have no spending cuts or conservative policy riders that Democrats oppose. US House Republicans aim to release shutdown-averting measure Saturday 2023-11-10T05:00:00Z Businessman Vivek Ramaswamy suggested he could save the program through drastic spending cuts that would shutter federal agencies and possibly lay off the majority of government workers. Live: 5 Republican candidates spar at debate, while Trump holds a rally nearby. Follow live updates 2023-11-08T05:00:00Z Hardliners, some of whom orchestrated McCarthy's ouster for passing a CR with Democratic support, are pushing for spending cuts and tighter border security as conditions they would accept in a new stopgap measure. Shutdown deadline poses test for US Congress: Is compromise possible? 2023-11-06T05:00:00Z So far, the House has passed one appropriations bill, which due to its policy changes and spending cuts has no chance of passing the Senate or being signed into law by Biden. US Senate passes three bipartisan appropriations bills 2023-11-01T04:00:00Z One of those would be spending cuts similar to the ones found in the border security-focused stopgap bill that failed. Speaker Johnson lands on two-step stopgap bill ahead of deadline to fund government 2023-11-11T05:00:00Z But it is not clear whether any of the three spending bills can pass, with Republicans at odds over hardline demands for spending cuts and policy restrictions. New US House speaker faces early test on Israel, government funding 2023-11-01T04:00:00Z So far, the House has passed one appropriations bill, which due to its policy changes and spending cuts has no chance of passing the Senate or being signed into law by President Joe Biden. US Senate to vote on spending package Wednesday -Schumer 2023-11-01T04:00:00Z "They're at risk," said Representative Don Bacon, a centrist Republican from Nebraska who warned that hardline demands for deep spending cuts could further split the conference. New US House Republican speaker faces early test on government funding 2023-11-01T04:00:00Z The organisation said its members, which cover almost 27 million people in England, had already identified more than £2bn of "challenging" spending cuts over the next three years. Warning one in 10 county councils face effective bankruptcy 2023-11-01T04:00:00Z House Speaker Mike Johnson is already clashing with Democrats and his Republican counterpart in the Senate, putting the brakes on Ukraine war aid and offsetting Israel aid with spending cuts. Speaker Johnson sets collision course with McConnell, Democrats over emergency war aid 2023-10-31T04:00:00Z She said she is open to the spending cuts that Republicans proposed for the Israel funding in the House. Biden’s Cabinet secretaries will push a divided Congress to send aid to Israel and Ukraine 2023-10-30T04:00:00Z They also oppose the Republican plan to compensate for the money for Israel with spending cuts to other parts of the federal budget. Democratic Rifts Over Israel Burst to the Forefront in Congress 2023-10-30T04:00:00Z Hardliners are pressing for spending cuts and policy wins, such as tighter border security, as part of any temporary funding measure known as a continuing resolution, or "CR," to avoid a partial government shutdown. New US House Republican speaker faces early test on government funding 2023-11-01T04:00:00Z But under a law enacted on June 3, a year-long extension of spending would trigger across-the-board spending cuts of 1% from the last fiscal year's appropriations. US House Republicans eye stopgap funding measure to head off shutdown risk 2023-10-26T04:00:00Z Most Republicans voted against the budget deal McCarthy struck with Biden earlier this year, demanding steeper spending cuts than the levels they agreed to. Mike Johnson is the new House speaker, but the ally of Donald Trump faces same GOP challenges ahead 2023-10-25T04:00:00Z Any candidate nominated by the party conference can afford to lose no more than four Republicans when the full House votes, and the conference is split over spending cuts, Ukraine funding and other hot-button issues. Republican search for new US House leader returns to square one 2023-10-23T04:00:00Z Mr. Biden has not proposed spending cuts or tax increases to offset his new request. Biden bets on border money to entice Republicans on $105 billion spending bill 2023-10-22T04:00:00Z That raises the likelihood of Johnson ultimately opting for a "clean" CR without conditions or spending cuts. New US House Republican speaker faces early test on government funding 2023-11-01T04:00:00Z To secure the rescue loans, successive Greek governments undertook to impose painful spending cuts and tax hikes while broadly reforming the economy and balancing the state budget. Greek economy wins new vote of confidence with credit rating upgrade and hopes for investment boost 2023-10-20T04:00:00Z A deal to avoid a government shutdown over deeper spending cut demands from Republican hardliners led to the ouster of U.S. U.S. budget deficit jumps 23% to nearly $1.7 trillion as Social Security, health costs rise 2023-10-20T04:00:00Z To rally support, Massa has issued stark warnings about what he says Milei’s plans for public spending cuts would mean for social welfare programs, education and health care. Desperate and disaffected, Argentines to vote whether upstart Milei leads them into the unknown 2023-10-19T04:00:00Z Lawmakers in the party remain divided even after winning limited spending cuts in a showdown this spring that brought Washington to the edge of default. Fractured US House Republicans to try again to elect a leader 2023-10-19T04:00:00Z Democrats pointed to that fact as a sign of Republican concern for the deep spending cuts that Jordan and other hardliners have advocated this year. Hardline Republican Jim Jordan plans second bid for US House top job 2023-10-18T04:00:00Z Jordan's supporters said he would be an effective advocate for spending cuts and other Republican priorities in negotiations with Biden and the Senate, which is controlled by Democrats. Republican Jim Jordan loses first US House speaker vote, postpones another round 2023-10-17T04:00:00Z Jordan's supporters say he would be an effective advocate for spending cuts and other Republican priorities in negotiations with Democratic President Joe Biden and the Senate, which is also controlled by Democrats. US House to vote on Republican Jim Jordan's bid for speaker 2023-10-17T04:00:00Z Mr. Rogers is among a group of Republicans who fear Mr. Jordan, an ardent supporter of spending cuts, will block future funding for Ukraine to battle Russia or otherwise oppose robust defense spending. Jim Jordan scrambles to lock down support for Tuesday’s vote for House speaker 2023-10-16T04:00:00Z While unpalatable, taxes need to rise, particularly in the United States and Britain, and some spending cuts are inevitable, economists stressed. Insight: As global debt worries mount, is another crisis brewing? 2023-10-16T04:00:00Z Mr. Jordan offered a plan to pass a six-month stopgap bill to keep the government open and then use the threat of automatic across-the-board spending cuts to force concessions from the Democratic-run Senate. Plans to stop government shutdown prominent in tight race for House speaker 2023-10-11T04:00:00Z Critics say the terms of many loans offered force governments from Egypt to Zambia to choose between paying debt or implementing unpopular spending cuts. Morocco welcomes the annual meeting of the IMF and World Bank a month after its deadly earthquake 2023-10-08T04:00:00Z Any House bill that includes severe spending cuts is unlikely to pass the Democrat-controlled Senate. Israel war adds urgency to US Republican House speaker crisis 2023-10-08T04:00:00Z But the substance in the standoff, the posturing over what kind of spending cuts House Republicans should demand or accept, isn’t incidental either. How gerontocracy explains the Matt Gaetz clown show | Ross Douthat 2023-10-06T04:00:00Z Some were eyeing steep spending cuts as well as targeting some federal agencies and officials, including defunding special counsel Jack Smith’s prosecutions of Trump. Who might replace McCarthy as House speaker? What are Republicans already demanding for their vote? 2023-10-05T04:00:00Z The Freedom Caucus under his leadership, leveraged their numbers to secure conservative wins in legislation or thwart bills put forward by GOP leaders that did not include their conservative priorities or spending cuts. Jim Jordan shakes up race for House speaker 2023-10-04T04:00:00Z South Dakota GOP Sen. Mike Rounds said the intraparty chaos that’s ground the House to a halt has diminished conservatives’ leverage for deeper spending cuts. GOP senators alarmed over House speaker fiasco as government careens toward another shutdown drama 2023-10-04T04:00:00Z But it sparked the revolt led by Gaetz among hard-right Republicans who were angered by the failure to achieve deep spending cuts in that temporary measure. House adrift as Republicans fight over their next leader 2023-10-04T04:00:00Z And he found himself increasingly at odds with his boss Boris Johnson over the economy - pushing for lower taxes and spending cuts. Rishi Sunak: The Star Wars fan turned political force 2023-10-04T04:00:00Z Battles over those bills and anger over McCarthy's failure to win extremely deep spending cuts sought by hard-right conservatives sparked the successful move by Representative Matt Gaetz to unseat him. Explainer: What are the next steps as US House searches for new speaker? 2023-10-03T04:00:00Z Since becoming the speaker, Mr. McCarthy faced continued threats from Mr. Gaetz and others on his right flank who demanded significant spending cuts to government funding to combat the nation’s climbing debt and deficit. GOP rebels eject Speaker Kevin McCarthy 2023-10-03T04:00:00Z Since becoming the speaker, Mr. McCarthy faced continued threats from Mr. Gaetz and others in his right flank who demanded significant spending cuts to government funding to combat the nation’s $33 trillion debt. Republican faction advances effort to oust Speaker Kevin McCarthy 2023-10-03T04:00:00Z And the bill didn’t include any of the spending cuts Republicans have been demanding, except for one big, bad thing: a cutoff of aid to Ukraine. Why MAGA wants to betray Ukraine | Paul Krugman 2023-10-03T04:00:00Z Democrats are angered by McCarthy's drive for spending cuts and his backing of a impeachment inquiry into Biden. US Rep Matt Gaetz will try to oust House Speaker Kevin McCarthy this week 2023-10-02T04:00:00Z He has accused Mr. Gaetz of leading Republican opposition that defeated a stopgap spending bill packed with conservative priorities such as added border security and a 30% spending cut. McCarthy says Gaetz is more interested in punishing him than pursuing Biden impeachment inquiry 2023-10-02T04:00:00Z Gaetz and a group of other hardline House Republicans insist on deep spending cuts that Democrats argue would break a deal brokered earlier this year by President Joe Biden and McCarthy. US House Speaker McCarthy braces for likely new Republican rebellion 2023-10-02T04:00:00Z The latest shutdown, for example, is the result of a minority of hardline conservative Republican members of Congress demanding deep spending cuts that centrists in their own party and Democrats would not support. Why government shutdowns seem to only happen in US 2023-10-01T04:00:00Z The package also punts on deeper spending cuts that Freedom Caucus members had been demanding as the price of their support. GOP Rep. Byron Donalds: Speaker McCarthy is ‘in trouble’ after failing to meet conservative demands 2023-10-01T04:00:00Z The Republican-run House wants deep spending cuts but the Senate wants to spend up to the caps. Congress dodged a federal shutdown but more spending fights and House infighting are in the offing 2023-10-01T04:00:00Z It lacks spending cuts, but includes a $16 billion increase to federal disaster assistance. Republican Lawler: Ousting McCarthy as speaker would be ‘destructive’ to the country 2023-10-01T04:00:00Z Gaetz said his move stemmed from McCarthy’s embrace of a bipartisan deal that didn’t enact the steep spending cuts ultra-conservatives have demanded. McCarthy to Face Far-Right Attempt to Oust Him as House Speaker 2023-10-01T04:00:00Z The bipartisan measure succeeded a day after Biggs and 20 other hardliners blocked a Republican stopgap bill that contained sharp spending cuts and immigration and border restrictions, all of which hardliners favor. Republican House Speaker McCarthy faces ouster threat for avoiding shutdown 2023-10-01T04:00:00Z Others acknowledge that they want to weaponize the threat of a shutdown to force major spending cuts. A government shutdown looms 2023-09-29T04:00:00Z But now a group of House Republicans want even deeper spending cuts and they’ve threatened to oust McCarthy from the speaker’s job if they don’t get what they want. Biden says shutdown isn’t his fault. Will Americans agree? 2023-09-29T04:00:00Z The speaker’s team planned to work through the night to sway the 21 conservative lawmakers who voted no and defeated the temporary spending bill, despite sweeteners such as spending cuts and border security measures. McCarthy, GOP regroup following staggering stopgap defeat, plan to try again Saturday 2023-09-29T04:00:00Z Fuelled by infighting among Republicans in the House of Representatives over spending cuts, the United States is barreling towards a government shutdown. Government Shutdown Looms over Scientists 2023-09-29T04:00:00Z They voted down Mr. McCarthy’s last-ditch effort to avert a shutdown despite the bill containing a conservative wishlist of spending cuts and border security measures. House GOP rejects conservative stopgap bill, start Congress’ shutdown countdown 2023-09-29T04:00:00Z The Republican faction might ultimately accept small, symbolic spending cuts and claim victory. A government shutdown looms 2023-09-29T04:00:00Z Mr. McCarthy’s legislation has a wishlist of conservative policies, including a steep spending cut of $1.471 trillion for the measure’s duration until Oct. GOP stopgap bill passes test vote in House, but no guarantee that it will advance 2023-09-29T04:00:00Z The Florida congressman has threatened to mount an overthrow if McCarthy doesn’t satisfy hardliners’ demands, particularly deep spending cuts and immigration policy changes anathema to Democrats. These are the 7 lawmakers to watch in government shutdown talks 2023-09-29T04:00:00Z At that time, some Republicans threatened to block legislation that would make sure the government had enough money to pay its bills, unless Democrats, including President Joe Biden, agreed to future spending cuts. Government Shutdown Looms over Scientists 2023-09-29T04:00:00Z There are doubts that McCarthy can get any proposal through his caucus, which is effectively controlled by extremists who keep moving the goalposts by insisting on ever more draconian spending cuts. Column: The GOP's suicidal shutdown plan will murder America's safety net 2023-09-28T04:00:00Z The more extreme parts of the Republican House membership seemed as if they might use the debt ceiling debate to insist on large spending cuts. A government shutdown looms 2023-09-29T04:00:00Z House Republicans want much tougher legislation that would stop the flow of immigrants at the U.S. southern border with Mexico and deeper spending cuts than were enacted in June. Partial US government shutdown just four days away as congressional standoff continues 2023-09-28T04:00:00Z House lawmakers have been calling for steep spending cuts and border legislation in a stopgap measure, two demands notably absent in the upper chamber’s measure. Senate stopgap bill stopping in the House, says McCarthy 2023-09-27T04:00:00Z "The risk is that there would need to be emergency taxes or indiscriminate spending cuts to meet the deficit targets," he said. France targets inflation with 2024 budget bill 2023-09-27T04:00:00Z The effort has stalled in the House, a faction of arch-conservatives is demanding spending cuts and other provisions such as increased border security. Trump tells Republicans to shut down the government because Biden will get blamed 2023-09-25T04:00:00Z House of Representatives were due to try to advance steep spending cuts this week that stand no chance of becoming law, bolstering the prospect of a shutdown on Sunday. US government shutdown would delay release of key economic data, official says 2023-09-25T04:00:00Z In June, President Joe Biden signed into law an increase in U.S. borrowing authority that he brokered with McCarthy, which also came with around $1.5 trillion in spending cuts over 10 years. Republicans appeal to far-right conservatives to avert US government shutdown 2023-09-24T04:00:00Z McCarthy faces immense pressure for severe spending cuts from a handful of hard-right conservatives in his caucus, essentially halting his ability to lead the chamber. White House preparing for government shutdown as House Republicans lack a viable endgame for funding 2023-09-22T04:00:00Z The latter, comprised of roughly half a dozen conservative rebels, is demanding spending cuts and rejecting any more funding for the war in Ukraine. Shutdown looms as warring House Republicans leave town 2023-09-21T04:00:00Z The bill would provide pay raises for the troops and other measures, but Republicans want a broader discussion on spending cuts in non-defense-related budgets. Speaker McCarthy says there’s still time to prevent a shutdown, but others are looking at options 2023-09-20T04:00:00Z The monthlong funding package that McCarthy is pushing would impose steep spending cuts of more than 8% on many government services, while sparing defense and veterans accounts. Speaker McCarthy faces an almost impossible task trying to unite House GOP and fund the government 2023-09-19T04:00:00Z But some of those "holdouts," who want deep spending cuts that go beyond a deal passed earlier this year, showed no sign of relenting. Republicans appeal to far-right conservatives to avert US government shutdown 2023-09-24T04:00:00Z The monthlong funding package that McCarthy is pushing would impose steep spending cuts of more than 8% on many government services, while sparing Defense and veterans accounts. Speaker McCarthy faces an almost impossible task trying to unite House GOP and fund the government 2023-09-19T04:00:00Z The measure also faces stiff opposition from Democrats in both the House and Senate, who have decried its spending cuts and immigration policy changes. U.S. House Republicans delay initial vote on short-term funding bill 2023-09-19T04:00:00Z The risk of a federal government shutdown in less than two weeks has grown as hardline Republicans in the House of Representatives demand spending cuts beyond levels agreed in June. Yellen says U.S. 'soft landing' can weather strike, govt shutdown, student loan risks 2023-09-19T04:00:00Z But conservative Republican lawmakers have been pushing for broad federal spending cuts and some of those allied with Trump are specifically looking to stop money to Ukraine. At UN, Biden looks to send message to world leaders – and voters – about leadership under his watch 2023-09-19T04:00:00Z A handful of Republicans took to X, the platform formerly known as Twitter, shortly after the Sunday call to criticize even the package with spending cuts and border measures as woefully insufficient. McCarthy running out of options to stop a shutdown as conservatives balk at new plan 2023-09-18T04:00:00Z A handful of Republicans took to X, the platform formerly known as Twitter, shortly after the Sunday call to criticize even the package with spending cuts and border measures as woefully insufficient. Speaker McCarthy running out of options to stop a shutdown as conservatives balk at new plan 2023-09-18T04:00:00Z It would impose a spending cut of more than 8% on agencies other than the Defense Department and Department of Veterans Affairs and it includes immigration and border security restrictions that Democrats reject. US shutdown looms: Top House Republican Kevin McCarthy faces crucial test 2023-09-18T04:00:00Z The spending cuts were also likely to draw opposition from Democrats in the House and Senate, who reject the immigration provisions. House Republicans eye short-term spending deal as shutdown looms 2023-09-18T04:00:00Z His decision, announced on Fox News, was a bid to pressure far-right members to drop their insistence on steeper spending cuts or risk political heat for blocking the Pentagon funding bill. McCarthy to Push Pentagon Measure in Effort to Break G.O.P. Spending Impasse 2023-09-17T04:00:00Z They want assurances that legislation will include their deep spending cuts, as well as conservative policy priorities including provisions related to tighter border security that are unlikely to secure Democratic votes. Top US House Democrat sees Republican 'civil war' as shutdown looms 2023-09-17T04:00:00Z Hardline House Republicans want more stringent spending cuts than what Mr. McCarthy and President Biden agreed to earlier this year during negotiations to avoid a default on the national debt. Government shutdown ‘would only give strength to the Democrats,’ McCarthy warns GOP rebels 2023-09-17T04:00:00Z House Republicans, trying to win support from the far-right wing of the party, have loaded up their government funding packages with spending cuts and conservative policy priorities. The Senate’s bipartisan approach to government funding is putting pressure on a divided House 2023-09-16T04:00:00Z Conservative Republicans are pushing for broad federal spending cuts and some of those allied with former President Donald Trump are specifically looking to stop money to Ukraine. North Korean arms for Russia probably wouldn’t make a big difference in the Ukraine war, Milley says 2023-09-16T04:00:00Z Mr. McCarthy is urging House Republicans to accept a short-term deal and fight for significant spending cuts in a longer-term agreement covering fiscal 2024, which starts on Oct.1. Gaetz calls McCarthy ‘out of compliance,’ warns of vote to oust speaker 2023-09-12T04:00:00Z Another Republican, Rep. Matt Gaetz of Florida, a top Trump ally, is warning that McCarthy could face blowback from conservatives if he does not push hard for spending cuts. McCarthy signals a Biden impeachment inquiry ahead, but first he must pass a bill to fund government 2023-09-12T04:00:00Z Far-right Republicans are refusing to back a measure to keep the federal government funded past Sept. 30 without substantial spending cuts and stringent new border policies that stand little chance of becoming law. McCarthy Is Under the Gun as the House Returns for a Spending Fight 2023-09-11T04:00:00Z House of Representatives returns this week for an expected political brawl over spending cuts and impeachment that could paralyze the Republican-controlled chamber, as Congress struggles to avoid a government shutdown. Shutdown risk looms as US Congress faces spending, impeachment brawl 2023-09-11T04:00:00Z The other official said an aversion to public spending cuts had forced the scramble to boost revenue immediately. Analysis: Tax slump in outperforming Brazilian economy scrambles reform plans 2023-09-06T04:00:00Z Critics of the Conservatives suggest spending cuts over the last decade or so of their time in office are responsible. Why has concrete suddenly become headline news? 2023-09-04T04:00:00Z But are capital spending cuts in education during the austerity years to blame for the current schools concrete crisis? Are spending cuts to blame for the schools concrete crisis? 2023-09-04T04:00:00Z If Congress doesn’t agree on new funding levels by Jan. 1, automatic spending cuts of 1% would go into effect. Senate to take first crack at spending fight to avoid gov’t shutdown as Congress returns from recess 2023-09-04T04:00:00Z "Without these spending cuts, we're a 'no' vote. I say 'we' - me and a good many others," Representative Ralph Norman, a Freedom Caucus member, said in an interview. Shutdown risk looms as US Congress faces spending, impeachment brawl 2023-09-11T04:00:00Z In his official resignation letter, Wallace renewed his appeal for the government not to turn to defence to make spending cuts. Wallace confirms resignation as UK defence minister in letter to PM Sunak 2023-08-31T04:00:00Z Painful tax increases and spending cuts — including to pensions — led to riots in the streets. Seattle City Council hides behind ‘austerity’ to avoid hard choices | Editorial 2023-08-30T04:00:00Z The stopgap measure would buy time to work out a longer-term budget deal before mandatory spending cuts that neither party prefers are imposed in the new year. A House impeachment inquiry of President Biden is a ‘natural step forward,’ Speaker McCarthy says 2023-08-27T04:00:00Z Meanwhile, a feud over spending cuts between hardline and centrist Republicans in the U.S. Wall St Week Ahead Historically stormy month of September may test US stock rally 2023-08-25T04:00:00Z At the same hearing, George Osborne said his spending cuts meant the UK was better able to cope with the pandemic. Covid Inquiry: Former chief medical officer close to tears over pandemic deaths 2023-06-20T04:00:00Z It may well take a combination of new taxes and spending cuts to right the ship. End Seattle City Council's doom loop of more spending and taxes | Editorial 2023-08-18T04:00:00Z Conservatives, including many from the House Freedom Caucus, are usually loathe to get behind short-term funding measures as they push for steeper spending cuts, using the threat of a shutdown as leverage. McCarthy floats stopgap funding to prevent a government shutdown at the end of next month 2023-08-15T04:00:00Z Conservatives, including many from the House Freedom Caucus, are usually loath to get behind short-term funding measures as they push for steeper spending cuts, using the threat of a shutdown as leverage. A House impeachment inquiry of President Biden is a ‘natural step forward,’ Speaker McCarthy says 2023-08-27T04:00:00Z Goldman Sachs said in a note before the vote that Milei backs more "radical policy proposals" including dollarization and sharp spending cuts, and brought some uncertainty given his lack of an established political machine. Argentina markets face election hangover after far-right primary bombshell 2023-08-14T04:00:00Z For example, the House bills would take almost all of the money approved last year for the Internal Revenue Service in Biden’s Inflation Reduction Act and use the savings to avoid deeper spending cuts elsewhere. Members of Congress break for August with no clear path to avoiding a shutdown this fall 2023-07-28T04:00:00Z No Labels calls for a deficit reduction commission to issue proposals for spending cuts and revenue increases that Congress would have to vote on as a unified package. Column: The false centrism of political group No Labels 2023-07-20T04:00:00Z That group opposed President Reagan’s domestic spending cuts and sought greater investments in American cities, particularly in minority communities. Jesse Jackson to Step Down From Rainbow PUSH Coalition 2023-07-14T04:00:00Z Mr Sharif's coalition government, which is due to face a national election this year, still has to make major spending cuts to meet the conditions of the bailout. Pakistan gets final approval for $3bn IMF bailout 2023-07-12T04:00:00Z Mr. McCarthy settled on the strategy after members of the Freedom Caucus last month shut down the House floor to protest the debt-limit deal and made a number of demands, including deeper spending cuts. House Republicans Demand Deep Cuts to Spending Bills They Rarely Support 2023-07-02T04:00:00Z On Aug. 22, 1991, lawmakers finally passed a budget with a 4.5 percent flat income tax and a reduction in the sales tax from 8 to 6 percent, coupled with spending cuts. Former Connecticut Gov. Lowell P. Weicker Jr., maverick senator during Watergate, dies at 92 2023-06-28T04:00:00Z Tsipras first came to power pledging an end to painful spending cuts imposed by international bailout creditors but abruptly switched course to sign up for a new round of rescue loans accompanied by further austerity. Pro-reform Mitsotakis wins second term in Greek election that sees surge by small far-right parties 2023-06-26T04:00:00Z If even one bill were derailed, an across-the-board spending cut of 1 percent would go into effect in 2025. House G.O.P. Uses Spending Bills to Pick Partisan Policy Fights 2023-06-23T04:00:00Z Without a deal by January, an across-the-board spending cut of 1% would take effect. Congress to move a step closer to fiscal gridlock with unveiling of Senate spending measures 2023-06-21T04:00:00Z Biden administration officials have offered assurances that the spending cuts will have minimal impact on the agency’s operations over the next few years. IRS reduces tax return backlog by 80% and is doing better job answering the phone 2023-06-21T04:00:00Z Former Chancellor George Osborne has said his spending cuts meant the UK was better able to cope with the financial pressures of pandemic. Covid Inquiry: Austerity polices helped UK withstand Covid, says George Osborne 2023-06-20T04:00:00Z If the proposed changes related to corporate taxes were made permanent, the Biden administration says, it would undermine the spending cuts that were part of the agreement this month to raise the government’s borrowing authority. Who gets a break? Clashing ideas on tax relief are teed up for the 2024 campaign 2023-06-19T04:00:00Z GOP leaders plan to use the list as a blueprint for spending cuts in the upcoming government funding battle. House conservatives eye ‘unauthorized’ spending to broadly slash federal budget following debt deal 2023-06-18T04:00:00Z House Republicans, however, say they plan to push for their additional spending cuts. Congress to move a step closer to fiscal gridlock with unveiling of Senate spending measures 2023-06-21T04:00:00Z The tension created by the GOP’s pursuit of more non-defense spending cuts was evident during hearings held Wednesday and Thursday of the House Appropriations panel. Some Democrats are already warning of a government shutdown as budget battle with GOP takes shape 2023-06-17T04:00:00Z Other House Republicans haven't expressed such urgency—and in fact appear perfectly content to shut down the federal government in pursuit of massive spending cuts. GOP accused of breaking debt ceiling deal and "threatening a government shutdown" 2023-06-16T04:00:00Z But the debt is on track to top $50 trillion by the end of the decade even after newly passed spending cuts are taken into account. U.S. National Debt Tops $32 Trillion for First Time 2023-06-16T04:00:00Z The conservatives relented after Mr. McCarthy promised to reach for deeper spending cuts. House conservatives eye ‘unauthorized’ spending to broadly slash federal budget following debt deal 2023-06-18T04:00:00Z Mr. Orpo said the negotiations lasted so long because the potential coalition partners were trying to decide where to make onerous spending cuts and how to increase revenue. Conservatives Poised to Lead Finland in Coalition with Hard Right 2023-06-16T04:00:00Z Far-right House Republicans are demanding spending cuts far deeper than those agreed to by President Biden and Speaker Kevin McCarthy, raising the prospect of a government shutdown. Saudi Arabia Arrives in Paris, Shopping for Deals 2023-06-16T04:00:00Z DeLauro stressed Thursday that she voted against the debt ceiling agreement because of its proposed domestic spending cuts. GOP accused of breaking debt ceiling deal and "threatening a government shutdown" 2023-06-16T04:00:00Z If they cannot, under the terms of the debt limit deal, across-the-board spending cuts will kick in in 2025, a worst-case scenario that lawmakers in both parties want to avoid. Debt Deal Behind Them, Lawmakers Plunge Into Bitter Spending Fight 2023-06-15T04:00:00Z Mr. McCarthy appeared to agree to the spending cut. McCarthy quells conservative blockade of bills but peace could be short-term 2023-06-13T04:00:00Z Last month, Mr. McCarthy and Mr. Biden struck a deal to suspend the debt limit until January 2025 in exchange for spending cuts. Top House Democrat accuses McCarthy of ‘walking away’ from debt limit deal 2023-06-13T04:00:00Z But the hardliners, who want deeper spending cuts than those included in the McCarthy-Biden debt ceiling bill, said they stand ready to derail other measures as they seek greater influence over the House agenda. U.S. House breaks legislative logjam, advances Republican bills 2023-06-13T04:00:00Z House Speaker Kevin McCarthy has agreed to push for a $130 billion spending cut in the upcoming government funding battle in contravention of the debt limit deal struck with President Biden last month. McCarthy OKs $130 billion spending cut, portending potential government shutdown 2023-06-13T04:00:00Z The intraparty feud erupted last week in reaction to the compromise Mr. McCarthy struck with Mr. Biden to suspend the debt limit, which contained only a fraction of the spending cuts Republicans had demanded. Hard Right Agrees to Allow House Votes but Threatens Continued Blockade 2023-06-12T04:00:00Z The spending cut would affect both defense and domestic programs alike. McCarthy quells conservative blockade of bills but peace could be short-term 2023-06-13T04:00:00Z The debt limit deal struck by Mr. Biden and Mr. McCarthy includes a provision implementing a 1% spending cut if Congress fails to pass an annual budget by Jan. 1. Top House Democrat accuses McCarthy of ‘walking away’ from debt limit deal 2023-06-13T04:00:00Z Norman and other conservatives want 12 appropriations bills that Congress will try to pass in coming months to contain deeper spending cuts included in a Republican debt ceiling bill that passed the House in April. 'Livid' US House conservatives poised for next battle with McCarthy 2023-06-12T04:00:00Z The spending cut, coupled with Mr. McCarthy’s agreement to negotiate a power-sharing plan, has mollified conservative rebels into dropping their blockade. McCarthy OKs $130 billion spending cut, portending potential government shutdown 2023-06-13T04:00:00Z Republicans, who control the House, introduced the proposals just days after Biden, a Democrat, signed into law legislation Republicans sought to begin addressing the rapidly-growing national debt with about $1.3 trillion in spending cuts. US House Republicans unveil broad package of tax cuts 2023-06-09T04:00:00Z Many analysts say it will take a combination of spending cuts and tax hikes to meaningfully change the country’s financial trajectory. Speaker McCarthy eyes new commission to tackle nation’s debt, but many Democrats are wary 2023-06-08T04:00:00Z The spending cut would impact both defense and domestic programs alike. Top House Democrat accuses McCarthy of ‘walking away’ from debt limit deal 2023-06-13T04:00:00Z Members of the ultraconservative House Freedom Caucus and other Republicans felt betrayed and complained that the agreement fell far short of the spending cuts Mr. McCarthy promised as he fought for the speakership in January. House Mutiny Leaves McCarthy Facing Tough Choices 2023-06-08T04:00:00Z House Minority Leader Hakeem Jeffries, New York Democrat, has already said he would not accept further spending cuts than those already agreed to by Mr. McCarthy and Mr. Biden. McCarthy OKs $130 billion spending cut, portending potential government shutdown 2023-06-13T04:00:00Z Freedom Caucus hardliners are pushing Mr. McCarthy to agree to a $130 billion spending cut. Hardliners threaten to freeze McCarthy’s legislative agenda in retaliation for Biden debt limit deal 2023-06-08T04:00:00Z It underscored the severe consequences Mr. McCarthy is facing for muscling through a debt ceiling agreement with the White House that contained only a fraction of the spending cuts Republicans had demanded. House Is Paralyzed as Far-Right Rebels Continue Mutiny Against McCarthy 2023-06-07T04:00:00Z Mr. Aguliar disagreed, however, saying the push for larger spending cuts “could very well” lead to a government shutdown. Top House Democrat accuses McCarthy of ‘walking away’ from debt limit deal 2023-06-13T04:00:00Z Others want Mr. McCarthy to agree to $130 billion in spending cuts for the upcoming fiscal year. Freedom Caucus paralyzes House to pressure McCarthy against accepting future deals with Democrats 2023-06-07T04:00:00Z They maintain that McCarthy and his leadership team failed to deliver on promised spending cuts, ignored their input and retaliated against one of their members. McCarthy faces sudden challenge from hardliners after US debt ceiling bill 2023-06-07T04:00:00Z Hard-line Republicans who sought deeper government spending cuts in the talks have warned that McCarthy's job could be in danger. U.S. public sees no clear winner in debt ceiling deal -Reuters/Ipsos 2023-06-06T04:00:00Z The pay jump also comes after COVID-era damage across the oil industry, which saw huge spending cuts and widespread job losses. Energy sector's COVID recovery turns into massive CEO payday 2023-06-05T04:00:00Z However, many Republicans in both chambers still opposed the legislation because conservatives said it did not include steep spending cuts. Joe Manchin says White House miscalculated by refusing to negotiate on debt limit 2023-06-04T04:00:00Z Representative Ken Buck, a member of the far-right House Freedom Caucus, said the deal had failed to deliver the deeper spending cuts that McCarthy had promised his party when he ran for speaker in January. McCarthy lauds debt US ceiling deal, House conservatives divided 2023-06-04T04:00:00Z House Republicans, led by Speaker Kevin McCarthy, had demanded deep spending cuts in Mr. Biden’s priorities in exchange for agreeing to raise the debt ceiling. Biden Signs Fiscal Responsibility Act in End to Debt Limit Crisis 2023-06-03T04:00:00Z The agreement was hashed out by Biden and House Speaker Kevin McCarthy, giving Republicans some of their demanded federal spending cuts but holding the line on major Democratic priorities. Biden set to sign debt ceiling bill that averts prospect of unprecedented federal default 2023-06-03T04:00:00Z They let Mr. McCarthy’s team claim in the end that the deal included deep spending cuts, huge clawbacks of unspent federal coronavirus relief money and stringent work requirements for recipients of federal aid. Biden’s Debt-Deal Strategy: Win in the Fine Print 2023-06-03T04:00:00Z But Washington is back to pretending to care about debt, which is poised to top $50 trillion by the end of the decade even after accounting for newly passed spending cuts. The Debt-Limit Deal Suggests Debt Will Keep Growing, Fast 2023-06-02T04:00:00Z Republicans have shown no interest in abandoning a point of leverage that they have used to win trillions of dollars in spending cuts from Democratic administrations. Analysis: Despite chaos and risk, Washington sticks with its debt ceiling 2023-06-02T04:00:00Z At the same time, Mr. Biden and his aides described the deal as a success because the White House beat back more draconian spending cuts that Republicans had initially proposed. Biden Signs Fiscal Responsibility Act in End to Debt Limit Crisis 2023-06-03T04:00:00Z The bill includes a provision to force both parties to follow through on their deal: automatic spending cuts if they don’t. The Three Other Trump Investigations 2023-06-02T04:00:00Z The way administration officials see it, the full final agreement’s spending cuts are nothing worse than they would have expected in regular appropriations bills passed by a divided Congress. Biden’s Debt-Deal Strategy: Win in the Fine Print 2023-06-03T04:00:00Z Late Thursday, the Senate gave final approval to an agreement to raise the amount the government can borrow in exchange for spending cuts. Stock market today: Asia follows Wall Street up on hopes Fed will ease off rate hikes 2023-06-01T04:00:00Z Mr. Biden initially refused to negotiate on raising the debt ceiling in the face of Republican calls for spending cuts. Senate passes debt limit bill, averting first-ever default 2023-06-01T04:00:00Z He barely maintained the fiction that negotiating about spending cuts was not the same thing as negotiating over the debt ceiling, a distinction few if any saw. The Calm Man in the Capital: Biden Lets Others Spike the Ball but Notches a Win 2023-06-01T04:00:00Z Then McCarthy did what most of official Washington doubted he ever could do — he convinced House Republicans to pass their own debt ceiling and spending cuts plan. Underestimated McCarthy emerges from debt deal empowered as speaker, still threatened by far right 2023-06-01T04:00:00Z Several conservative Republicans also want to offer proposals for deeper spending cuts in the measure, while others criticized the Pentagon spending figures in the bill, saying they were too low and could hinder military readiness. Debt Limit Fight Moves to the Senate 2023-06-01T04:00:00Z Top congressional Republican Kevin McCarthy, for his part, secured $1.3 trillion in spending cuts as part of his party's effort to scale back government and rein in the growth of U.S. debt. Analysis: US debt-ceiling deal averts disaster, but savings might be less than advertised 2023-06-01T04:00:00Z A single member could gum up the legislation — watch Senator Rand Paul, Republican of Kentucky, who wants bigger spending cuts, and Senator Bernie Sanders, independent of Vermont, who said he would vote against the deal. Investors Exhale as Debt Limit Deal Clears a Big Hurdle 2023-06-01T04:00:00Z The measure faces opposition from the right, with some Republicans angry the spending cuts weren't deeper, and left, with some Democrats opposed to new work requirements imposed on some antipoverty programs. US Senate aims for quick passage of debt ceiling bill to avoid default 2023-06-01T04:00:00Z Now, Biden administration officials are offering assurances that the spending cuts secured by Republican negotiators will have minimal impact on the agency’s operations over the next few years. Republicans get their IRS cuts; Democrats say they expect little near-term impact 2023-05-31T04:00:00Z Cheered on by conservative senators and outside groups, the hard-right House Freedom Caucus lambasted the compromise as falling well short of the needed spending cuts, and they vowed to try to halt passage. After sailing though House on bipartisan vote, Biden-McCarthy debt ceiling deal now goes to Senate 2023-05-31T04:00:00Z That is almost certainly an exaggeration, though the agreement was chock-full of side deals and complex details that allowed the G.O.P. to claim far larger spending cuts than they secured. McCarthy Emerges From the Debt Limit Fight With Victories, and Some Wounds 2023-05-31T04:00:00Z Republicans claim a much higher total spending cut: $2.1 trillion over a decade. How Much Does the Debt Limit Deal Save? It’s Complicated. 2023-05-31T04:00:00Z Within the debt limit, Mr. McCarthy and Mr. Biden tucked in a provision ensuring a 1% spending cut across the government if Congress does not adopt a funding bill by January 1, 2024. Debt limit deal on verge of passing House, Freedom Caucus weighs retaliation against McCarthy 2023-05-31T04:00:00Z But for Republicans looking to win support for the bill, the spending cuts for the IRS represent a critical selling point. Republicans get their IRS cuts; Democrats say they expect little near-term impact 2023-05-31T04:00:00Z Within the debt limit, Mr. McCarthy and Mr. Biden tucked in a provision ensuring a 1% spending cut across the government if Congress does not adopt a funding bill by Jan. 1. McCarthy’s debt limit deal passes initial hurdle thanks to Democratic votes 2023-05-31T04:00:00Z Kentucky Republican Sen. Rand Paul, who like Mr. Lee frequently capitalizes on deadline-induced leverage, is also seeking a vote on his version of a debt ceiling increase with far stricter spending cuts. Biden-McCarthy debt limit deal to face new obstacles in Senate as looming deadline closes in 2023-05-31T04:00:00Z That’s probably the floor of what the spending caps will translate to, in terms of spending cuts. How Much Does the Debt Limit Deal Save? It’s Complicated. 2023-05-31T04:00:00Z After declaring this year that he would not negotiate spending cuts in exchange for raising the debt limit, Biden did exactly that. 14th Amendment questions linger despite debt-limit deal 2023-05-31T04:00:00Z In April, they passed a bill to raise the debt ceiling that included deep spending cuts and was akin to an initial offer in a negotiation. A Big Day for the Debt Ceiling 2023-05-31T04:00:00Z But reflecting party divisions, Representative Erin Houchin countered that despite Democratic control of the White House and Senate, the bill would achieve significant Republican spending cuts. US debt ceiling bill faces narrow path to passage in House 2023-05-31T04:00:00Z After declaring this year that he would not negotiate spending cuts in exchange for raising the debt limit, Mr. Biden did exactly that. 14th Amendment Questions Linger Despite Debt Limit Deal 2023-05-31T04:00:00Z Some legislators object to spending cuts in the plan while others want bigger reductions. Asian stocks sink before US Congress votes on deal to avoid debt default 2023-05-30T04:00:00Z Despite deep disappointment from right-flank Republicans that the compromise falls short of the spending cuts they demanded, McCarthy insisted he would have the votes needed to ensure approval. Ahead of House debt ceiling vote, Biden shores up Democrats and McCarthy scrambles for GOP support 2023-05-30T04:00:00Z “This will be the largest spending cut that Congress has ever voted for in history,” said Mr. McCarthy, California Republican. CBO: Biden-McCarthy debt-limit deal will cut deficit by $1.5 trillion, increase food stamp enrollees 2023-05-30T04:00:00Z The deal leaves Biden's signature infrastructure and green-energy laws largely intact, and the spending cuts and work requirements are far less than Republicans had sought. US debt ceiling bill faces narrow path to passage in House 2023-05-31T04:00:00Z That bill was shelved after negotiations began with the White House on the debt ceiling and spending cuts. What the Debt Ceiling Deal Means for Student Loan Payments 2023-05-30T04:00:00Z Republicans wanted much deeper spending cuts and stricter work requirements. New Details in Debt Limit Deal: Where $136 Billion in Cuts Will Come From 2023-05-29T04:00:00Z Leaders of the hard-right House Freedom Caucus spent the day lambasting the compromise as falling well short of the spending cuts they demand, and they vowed to try to halt passage by Congress. Ahead of House debt ceiling vote, Biden shores up Democrats and McCarthy scrambles for GOP support 2023-05-30T04:00:00Z This arrangement lets both sides claim a win of sorts: Republicans can call it a spending cut, since spending will grow more slowly than it might have otherwise. What’s in the Debt Deal 2023-05-28T04:00:00Z Biden can point to gains as well: the deal leaves his signature infrastructure and green-energy laws largely intact, and the spending cuts and work requirements are far less than Republicans had pushed for. U.S. debt ceiling deal to face its first test in Congress 2023-05-30T04:00:00Z He had previously estimated that a prolonged default could kill seven million jobs in the U.S. economy — and that a deep round of proposed Republican spending cuts would kill 2.6 million jobs. Why Spending Cuts Likely Won’t Shake the Economy 2023-05-29T04:00:00Z Powered by a hard-right flank, McCarthy was determined to extract federal spending cuts to programs many Americans rely on in exchange for the votes in Congress needed to raise the nation’s debt limit. Debt ceiling tests McCarthy, as GOP speaker rides breezily through fight of his career 2023-05-27T04:00:00Z The final product includes spending cuts but risks angering some lawmakers as they take a closer look at the concessions. Biden and McCarthy reach a final deal to avoid US default and now must sell it to Congress 2023-05-27T04:00:00Z Under the deal, some of the I.R.S. funds could be used to mitigate other spending cuts. What’s in the Debt Deal 2023-05-28T04:00:00Z The agreement would protect the military and entitlements like Social Security and Medicare from spending cuts imposed on other parts of government. Initial Takeaways From the Spending and Debt Ceiling Deal 2023-05-28T04:00:00Z But some investors are wary that the spending cuts secured by McCarthy could weigh on U.S. growth. U.S. Republicans tee up debt-ceiling vote in Congress 2023-05-29T04:00:00Z “What investors will now focus on is the cost of the spending cuts to the health of the American economy,” Stark said. Analysis: Debt deal could boost unloved corners of US stock market 2023-05-28T04:00:00Z McCarthy and his negotiators portrayed the deal as delivering for Republicans though it fell well short of the sweeping spending cuts they sought. Biden and McCarthy reach a final deal to avoid US default and now must sell it to Congress 2023-05-27T04:00:00Z “Fake conservatives agree to fake spending cuts,” tweeted Sen. Rand Paul, R-Ky. Debt ceiling agreement gets thumbs up from biz groups, jeers from some on political right 2023-05-28T04:00:00Z Ms. Jayapal said she was unsure whether she will be able to support the legislation, which includes a range of spending cuts demanded by Republicans. House Democrat says ‘really unfortunate’ Biden allowed changes to food stamps in debt limit deal 2023-05-28T04:00:00Z Republicans have argued that steep spending cuts are necessary to curb the growth of the national debt, which at $31.4 trillion is roughly equal to the annual output of the economy. U.S. Republicans tee up debt-ceiling vote in Congress 2023-05-29T04:00:00Z “How much impact will these spending cuts have on GDP and economic growth?” Analysis: Debt deal could boost unloved corners of US stock market 2023-05-28T04:00:00Z The agreement includes spending cuts demanded by Republicans, but it is short of the reductions in the sweeping legislation passed by the Republican-led House last month. Selling the debt ceiling plan and making a deal into a law: What’s next? 2023-05-28T04:00:00Z House Republicans have leveraged those alarming possibilities to secure painful federal spending cuts and aid program changes that could leave more people hungry, sick, and unable to afford housing, critics said. Progressives condemn "cruel" Biden-GOP debt ceiling deal 2023-05-28T04:00:00Z House Republicans demanded sweeping spending cuts in exchange for raising the debt ceiling. Biden and McCarthy reach last-minute deal to raise U.S. debt limit 2023-05-27T04:00:00Z Hardline Republicans in the House of Representatives have threatened to block any bill that does not meet their expectations, including sharp spending cuts. Debt ceiling negotiations push toward critical default deadline 2023-05-27T04:00:00Z But some are wary that proposed spending cuts could weigh on U.S. growth. Analysis: Debt deal could boost unloved corners of US stock market 2023-05-28T04:00:00Z While progress has been made, both sides remain far apart on spending cuts and imposing new welfare work requirements. Breathing room: Yellen moves default deadline to June 5 2023-05-26T04:00:00Z The White House says that the wealthy and American corporations should pay more taxes, while Mr. McCarthy and Republicans are demanding spending cuts. Biden hails ‘progress’ on debt talks as nation ticks closer to default 2023-05-25T04:00:00Z But some hardline House Republicans have pushed back against any compromise deal and insist any agreement must include sharp spending cuts. US debt default would impact military readiness, morale: top US general 2023-05-25T04:00:00Z Some hardline House Republicans have pushed back against any compromise deal and insist any agreement must include sharp spending cuts. McCarthy says he spoke with Trump about US debt ceiling talks 2023-05-25T04:00:00Z The talks over spending cuts have narrowed in focus to mostly cover a relatively small corner of the budget — what is known as discretionary spending. Military Spending Emerges as Big Dispute in Debt-Limit Talks 2023-05-25T04:00:00Z But Republicans are refusing to raise the debt limit unless President Joe Biden and Democrats make concessions, including big spending cuts. Threat of US credit downgrade looms over debt ceiling talks 2023-05-25T04:00:00Z Both sides still disagree about the spending cuts, even as negotiators work long days to reach a deal and stave off financial insolvency. Biden hails ‘progress’ on debt talks as nation ticks closer to default 2023-05-25T04:00:00Z Sen. Mike Lee pledged on Thursday to delay passage of any debt limit deal struck by House Speaker Kevin McCarthy and President Biden if the spending cuts are not “substantial.” Sen. Mike Lee threatens to delay debt limit deal in Senate unless spending cuts are ‘substantial’ 2023-05-25T04:00:00Z There is also the looming risk that House Republicans will refuse to raise the statutory limit on what the government can borrow, if President Joe Biden and the Democrats don’t agree to sharp spending cuts. US economic growth for last quarter is revised up to a still-tepid 1.3% annual rate 2023-05-25T04:00:00Z Hardline House Republicans insist that Biden must agree to the sharp spending cuts they passed last month. White House, Republicans seek to close US debt-ceiling deal as deadline nears 2023-05-25T04:00:00Z McCarthy is holding out for steep spending cuts that Republicans are demanding in exchange for their vote to raise the nation’s borrowing limit. McCarthy’s Republicans push debt ceiling talks to brink, lawmakers leaving town for weekend 2023-05-24T04:00:00Z House Republicans’ demand for deep spending cuts is complicated by their desire to boost funding for border security, veterans and the Pentagon. Democrats acknowledge Biden-McCarthy debt limit deal will likely bow to GOP 2023-05-24T04:00:00Z While both sides remain far apart over spending cuts, Mr. McCarthy said progress had been made in recent days. Sen. Mike Lee threatens to delay debt limit deal in Senate unless spending cuts are ‘substantial’ 2023-05-25T04:00:00Z Republicans, who control the US House of Representatives, are using the approaching deadline as leverage to try to push through spending cuts. The U.S. Debt-Ceiling Crisis Could Harm Science for Years to Come 2023-05-24T04:00:00Z For more than a week, negotiations have been deadlocked over spending cuts. McCarthy sends team to White House ‘to finish up’ debt limit deal 2023-05-24T04:00:00Z Republicans have for months cited growing federal spending and debt as the reason they have refused to raise the nation’s borrowing limit — risking default — unless Mr. Biden agrees to spending cuts. Potential Debt Ceiling Deal Would Barely Change Federal Spending Path 2023-05-24T04:00:00Z Republicans are pushing for sharp spending cuts while Democrats are offering to keep spending flat, instead using new taxes to help reduce the federal government's debt. White House, Republicans plan to convene on US debt ceiling as deadline looms 2023-05-24T04:00:00Z GOP lawmakers have been pressing for spending cuts in exchange for agreeing to increase the government’s borrowing authority and President Joe Biden wanted a “clean” debt ceiling increase without conditions. Just in case: Anxious retirees, social service groups among those making default contingency plans 2023-05-23T04:00:00Z The spending cuts now being sought by Republicans are even more severe: the bill passed last month would reduce discretionary spending by more than $3.5 trillion over the coming decade. The U.S. Debt-Ceiling Crisis Could Harm Science for Years to Come 2023-05-24T04:00:00Z But what, if anything, Democrats would get if they agreed to deeper spending cuts than Biden’s team has proposed is uncertain. Debt ceiling talks stuck on classic problem: Republicans demand spending cuts and Democrats resist 2023-05-23T04:00:00Z If they tip the compromise toward Democrats by dialing back the spending cuts, they risk alienating Republicans. McCarthy, Bracing for Defections, Eyes a Fraught Path to a Debt Limit Deal 2023-05-23T04:00:00Z House Republicans canceled the drafting of appropriations bills saying Speaker Kevin McCarthy needs flexibility in the debt limit negotiations with President Biden — but the delay also spares the party from pinpointing proposed spending cuts. House GOP dodge specifics on spending cuts in debt-limit haggling 2023-05-23T04:00:00Z Some local government officials initially had concerns that debt-limit spending cuts could claw back billions of unspent dollars authorized under the American Rescue Plan. How raising the nation’s debt limit could reduce spending of some coronavirus relief funds 2023-05-23T04:00:00Z President Biden, meanwhile, is facing pressure from his left flank not to give in to spending cut demands and instead invoke the 14th Amendment to unilaterally raise the debt ceiling without Congress. McConnell strikes upbeat tone as Congress heads toward default deadline: ‘Everybody needs to relax’ 2023-05-23T04:00:00Z They argue that would amount to a spending cut because of inflation. McCarthy should be ‘saving the country,’ says Freedom Caucus in debt limit fight 2023-05-23T04:00:00Z Hard-right Republicans have fueled the debt-limit standoff by demanding deep spending cuts as the price of averting a default, and they are all but certain to oppose any compromise. McCarthy, Bracing for Defections, Eyes a Fraught Path to a Debt Limit Deal 2023-05-23T04:00:00Z Mrs. Granger, Texas Republican, said the move would give Mr. McCarthy “maximum flexibility” in crafting a deal for spending cuts in exchange for increasing the government’s $32.4 trillion borrowing limit. House GOP dodge specifics on spending cuts in debt-limit haggling 2023-05-23T04:00:00Z But the two sides remain far apart on discussions over spending cuts and policy proposals. The Week in Business: An Attempt to Ban TikTok 2023-05-21T04:00:00Z Democrats argue wealthy Americans and businesses should pay more taxes while Republicans want spending cuts. Biden and McCarthy aides hunt for bipartisan debt ceiling deal 2023-05-23T04:00:00Z They have specified the spending cuts will have to come from domestic spending. McCarthy should be ‘saving the country,’ says Freedom Caucus in debt limit fight 2023-05-23T04:00:00Z GOP lawmakers are holding tight to demands for sharp spending cuts with caps on future spending, rejecting the alternatives proposed by the White House for reducing deficits in part with revenue from taxes. On debt ceiling, Biden, McCarthy to meet Monday as negotiators ‘keep working’ to resolve standoff 2023-05-21T04:00:00Z Congressional Democrats accused Republicans of trying to obscure the unpopular spending cuts to domestic programs needed to enact the GOP plan to balance the budget and pay down the national debt. House GOP dodge specifics on spending cuts in debt-limit haggling 2023-05-23T04:00:00Z Mr. Biden and Mr. McCarthy are negotiating over a fiscal package that would raise the limit, which Republicans have refused to do without spending cuts. Biden and McCarthy Set to Resume Negotiations on Debt Limit 2023-05-21T04:00:00Z Biden and McCarthy are negotiating over a fiscal package that would raise the limit, which Republicans have refused to do without spending cuts. Your Monday Briefing 2023-05-22T04:00:00Z Outside of spending cuts are divisions over expanding welfare work requirements. McCarthy should be ‘saving the country,’ says Freedom Caucus in debt limit fight 2023-05-23T04:00:00Z Upbeat, McCarthy, R-Calif., told reporters at the Capitol that the call was “productive” and that the on-again, off-again negotiations between his staff and White House representatives are focused on spending cuts. On debt ceiling, Biden, McCarthy to meet Monday as negotiators ‘keep working’ to resolve standoff 2023-05-21T04:00:00Z Indeed, the postponement means that Mr. McCarthy will not be bogged down by pushback against spending cuts as he tries to reach a deal with Mr. Biden. House GOP dodge specifics on spending cuts in debt-limit haggling 2023-05-23T04:00:00Z A bill that Republicans passed last month that paired spending cuts with a debt-limit increase would bring net savings of about $5 trillion over a decade compared with current projections. Biden and McCarthy Set to Resume Negotiations on Debt Limit 2023-05-21T04:00:00Z The White House has called Republicans’ demands for spending cuts extreme, while McCarthy and his aides have accused White House officials of being unreasonable. Your Tuesday Briefing 2023-05-23T04:00:00Z “We have to spend less next year than we spent this year,” McCarthy, R-Calif. reiterated and pointed to the House’s spending cuts as the “framework” for a deal. No agreement yet on debt ceiling, but Biden, McCarthy say they’re optimistic 2023-05-21T04:00:00Z The White House has called Republicans’ demands for spending cuts extreme, while Mr. McCarthy and his aides have accused White House officials of being unreasonable. Biden and McCarthy Resume Talks to Break Debt Limit Stalemate 2023-05-22T04:00:00Z House Republicans have pushed back on the claim they want to slash veterans’ benefits or defense spending, saying spending cuts will be targeted at the federal bureaucracy. House GOP dodge specifics on spending cuts in debt-limit haggling 2023-05-23T04:00:00Z During Mr. Biden’s absence, talks broke down several times between administration staff and House Republicans over spending cuts sought by the GOP. Biden, McCarthy ramp up debt limit negotiations after ‘productive’ White House summit 2023-05-22T04:00:00Z Administration officials argue that would still amount to a spending cut because of inflation. McCarthy warns White House to reach debt-limit deal this week 2023-05-22T04:00:00Z Republicans have refused to raise the debt limit without spending cuts, forcing Democrats to the negotiating table to avoid a default that could cause a recession and financial crisis. Yellen Warns Again That the U.S. Could Default as Soon as June 1 2023-05-22T04:00:00Z The group has called for spending caps to be accompanied by spending cuts or tax increases as a plan to reduce the national debt. Debt Limit Negotiators Debate Spending Caps to Break Standoff 2023-05-22T04:00:00Z House Republicans, newly empowered in the majority this Congress, are refusing to raise the debt limit unless Biden and the Democrats impose federal spending cuts and restrictions on future spending. Debt ceiling struggle explained: Why now and how could it end? 2023-05-22T04:00:00Z House Republicans are pushing for immediate spending cuts in the upcoming budget and at least 10 years’ worth of spending caps. Biden, McCarthy ramp up debt limit negotiations after ‘productive’ White House summit 2023-05-22T04:00:00Z Biden has said he would consider spending cuts alongside tax adjustments but that Republicans' latest offer was "unacceptable." Fresh round of debt ceiling talks kick off as US default worries grow 2023-05-22T04:00:00Z Mr. Arrington suggested that Mr. Biden has been backed into a corner due to earlier resistance in negotiating with Republicans over their demand for spending cuts in exchange for lifting the debt ceiling. House GOP budget chair says ‘We’ve done our job,’ as debt ceiling talks crumble 2023-05-21T04:00:00Z GOP lawmakers are holding tight to demands for sharp spending cuts, rejecting the alternatives proposed by the White House for reducing deficits. Biden: GOP must move off ‘extreme’ positions, no debt limit deal solely on its ‘partisan terms’ 2023-05-21T04:00:00Z McCarthy and Republicans are insisting on spending cuts in exchange for raising the debt limit. Debt ceiling struggle explained: Why now and how could it end? 2023-05-22T04:00:00Z Outside of spending cuts, there are also divisions over expanding welfare work requirements. Biden, McCarthy ramp up debt limit negotiations after ‘productive’ White House summit 2023-05-22T04:00:00Z They argue that would still amount to a spending cut because of inflation. Biden floats using 14th Amendment to raise debt limit amid impasse with GOP 2023-05-21T04:00:00Z Republicans are demanding steep spending cuts that Democrats oppose as too severe. Debt limit standoff brings tough talk, little action as Biden, world leaders watch for progress 2023-05-20T04:00:00Z Republicans are pushing for sharp spending cuts in exchange for the increase in the government's self-imposed borrowing limit, a move needed regularly to cover costs of spending and tax cuts previously approved by lawmakers. Washington quiet as debt ceiling deadline inches closer 2023-05-20T04:00:00Z House Speaker Kevin McCarthy is set to resume negotiations with White House officials over raising the debt limit after talks broke down over spending cuts earlier on Friday. Biden, McCarthy restart debt negotiations after snafu over spending cuts 2023-05-19T04:00:00Z McCarthy said resolution to the standoff is “easy,” if only President Joe Biden would agree to some spending cuts Republicans are demanding. Debt limit talks in standstill as Republicans, White House face ‘real differences’ 2023-05-19T04:00:00Z GOP lawmakers say spending cuts should be focused on welfare programs and “woke bureaucracy.” Biden floats using 14th Amendment to raise debt limit amid impasse with GOP 2023-05-21T04:00:00Z McCarthy had said resolution to the standoff is “easy,” if only Biden’s team would agree to some spending cuts Republicans are demanding. Debt limit standoff brings tough talk, little action as Biden, world leaders watch for progress 2023-05-20T04:00:00Z Republicans, who control the House by a 222-213 majority, for months had been insisting that Democrats agree to spending cuts in exchange for a deal to raise Congress's self-imposed debt limit. Lead Republican negotiator says US debt-ceiling talks paused-media 2023-05-19T04:00:00Z Part of the problem for House Republicans is that Mr. Biden is not offering enough spending cuts. Biden, McCarthy restart debt negotiations after snafu over spending cuts 2023-05-19T04:00:00Z Republicans want to extract steep spending cuts that Biden has so far refused to accept. Debt limit talks in standstill as Republicans, White House face ‘real differences’ 2023-05-19T04:00:00Z But the prospect of an agreement that could include tougher work requirements and spending cuts for food aid recipients has led to growing frustration among Democrats. US House hardliners could try to block debt-ceiling deal without 'robust' cuts 2023-05-18T04:00:00Z The Freedom Caucuses’ position was made public as negotiators for Mr. McCarthy and Mr. Biden are haggling over spending cuts and how long the debt limit should be hiked. Freedom Caucus urges McCarthy to not accept watered-down debt limit deal 2023-05-18T04:00:00Z Negotiators are haggling over spending cuts, and how long the debt ceiling should be hiked. Biden, McCarthy quietly negotiate ahead of debt limit deadline after months of partisan rhetoric 2023-05-18T04:00:00Z By November 2020, with little reserves left, Zambia stopped paying the interest and defaulted, locking it out of future borrowing and setting off a vicious cycle of spending cuts and deepening poverty. China’s loans pushing world’s poorest countries to brink of collapse 2023-05-18T04:00:00Z As Republicans demand spending cuts and policy changes, Biden is facing increased pushback from Democrats, particularly progressives, not to give in to demands they argue will be harmful to Americans. Debt limit talks in standstill as Republicans, White House face ‘real differences’ 2023-05-19T04:00:00Z Republicans, who control one chamber in Congress, are demanding steep spending cuts in exchange for their support raising the debt ceiling. Explainer: What happens if Washington falls behind on its bills? 2023-05-18T04:00:00Z Representative Clay Higgins has been a vocal advocate for spending cuts. Pushing for cuts in debt-ceiling fight, US Republican gets millions for his district 2023-05-18T04:00:00Z House Republicans want at least $130 billion in immediate spending cuts. Biden, McCarthy quietly negotiate ahead of debt limit deadline after months of partisan rhetoric 2023-05-18T04:00:00Z In November of last year, Kavak made significant spending cuts and laid off staff amid a weak macroeconomic environment in Latin America. Mexico's Kavak sets sights on capturing 5% of Colombia used-car market 2023-05-17T04:00:00Z The talks on raising the borrowing limit have dragged on without notable progress as Democrats and Republicans haggle over spending cuts, the energy deal and other policy changes sought by House and Senate GOP lawmakers. Side deal to fast track energy projects, expand power grid emerges in debt limit wrangling 2023-05-17T04:00:00Z Mr. McCarthy has refused to agree to raise the debt limit without conditions, thus holding a metaphorical gun to the head of the economy until Mr. Biden agrees to spending cuts. The Speaker Gets His Chance to Go Toe-to-Toe With the President 2023-05-17T04:00:00Z As a member of the hard-right Freedom Caucus, Higgins was an early advocate for dramatic spending cuts, many of which ended up in the House bill. Pushing for cuts in debt-ceiling fight, US Republican gets millions for his district 2023-05-18T04:00:00Z While the talks have broached the topic of spending cuts, no breakthrough has emerged. Biden, McCarthy cut out Schumer, McConnell in debt limit talks 2023-05-16T04:00:00Z "The negotiations will likely remain tight as Republicans ask decent spending cuts to accept a debt ceiling relief, while Biden is not willing to compromise on spending into the election year." Dow futures fall after Home Depot results; debt limit talks, data on tap 2023-05-16T04:00:00Z But 51% of Americans said the debt ceiling should not be raised without substantial spending cuts - the position held by Republicans who hold a majority in the House of Representatives. Three in four Americans worry debt-ceiling default could hurt them -Reuters/Ipsos poll 2023-05-16T04:00:00Z Democrats believed that failure by the House Republicans would then set up a scenario where members of both parties would race to increase the debt ceiling without accompanying spending cuts to avert a catastrophic default. The Speaker Gets His Chance to Go Toe-to-Toe With the President 2023-05-17T04:00:00Z For some local residents, Higgins' push for spending cuts in the face of so much need remains incomprehensible. Pushing for cuts in debt-ceiling fight, US Republican gets millions for his district 2023-05-18T04:00:00Z Republicans, who control the House of Representatives by a 222-213 majority, have for months demanded that any increase in the government's self-imposed borrowing cap be linked to spending cuts. Biden, McCarthy to meet as US debt-ceiling talks come down to wire 2023-05-16T04:00:00Z Owens suggested the current negotiations are beginning to look like "2011-light," a reference to the last time the GOP used the debt ceiling as leverage to enact painful spending cuts. Behind Biden's troubling "spending cut" warning 2023-05-15T04:00:00Z The Department of Health warned that training places could be cut when in April it issued that without additional funding "high impact spending cuts" were inevitable. Stormont budget: Hundreds of nursing student places to be cut in NI 2023-05-15T04:00:00Z Biden has called on lawmakers to lift the debt limit without preconditions, warning that the nation’s borrowing authority should not be used to impose deep spending cuts and other conservative policy demands. Biden, congressional leaders likely to meet Tuesday for talks on raising the debt limit 2023-05-14T04:00:00Z Biden wants Congress to raise it without precondition, equating Republicans’ demands for spending cuts with ransom for the country’s full faith and credit. Biden’s reelection pitch that he can govern well faces daunting challenges with debt, border, more 2023-05-13T04:00:00Z House Republicans have long demanded spending cuts in exchange for raising the debt limit. Shrinking tax revenue complicates debt limit talks; Biden says ‘we’re not there yet’ 2023-05-13T04:00:00Z Instead, Owens added, he should "follow the lead of the majority of Americans who vastly prefer bringing in revenue through tax increases on the rich rather than making harmful spending cuts." Behind Biden's troubling "spending cut" warning 2023-05-15T04:00:00Z In January, Newsom proposed a number of ideas to cover the deficit, including about $9.6 billion in spending cuts that hit some of the state’s ambitious climate programs and other policy areas. Gov. Gavin Newsom says California’s budget deficit has grown to nearly $32 billion 2023-05-12T04:00:00Z The White House says lifting the debt ceiling is a routine practice and shouldn’t be used for leverage to extract spending cuts. White House says Biden still ‘expecting to go’ to G-7 meeting as debt talks drag on 2023-05-12T04:00:00Z President Biden so far has balked at Republican demands for spending cuts and other policy changes in exchange for raising the borrowing limit. China steps up operations to manipulate U.S. opinion, intelligence officials say 2023-05-12T04:00:00Z A two-year deal is a tough sell for House Republicans, who would lose leverage to extract further spending cuts from Mr. Biden in next year’s budget process. Shrinking tax revenue complicates debt limit talks; Biden says ‘we’re not there yet’ 2023-05-13T04:00:00Z It's far from clear whether Biden's recent comments and signals emerging from the White House indicate a substantive concession to the House GOP's crusade for spending cuts. Behind Biden's troubling "spending cut" warning 2023-05-15T04:00:00Z But the challenge for Newsom will be persuading lawmakers to spending cuts who are not accustomed to enacting them. California’s governor says state’s budget deficit has grown to nearly $32 billion 2023-05-12T04:00:00Z Mr. McCarthy has insisted on deep spending cuts and a rollback of Mr. Biden’s clean energy agenda as a prerequisite to raising the debt limit. U.S. Faces ‘Significant Risk’ of Running Out of Cash in June, C.B.O. Warns 2023-05-12T04:00:00Z House, controlled by Republicans, refuses to raise the so-called debt ceiling unless the Biden administration agrees to nearly 14% spending cuts. Playing chicken on federal default risks a world economy fried 2023-05-12T04:00:00Z Rep. Garret Graves, Louisiana Republican, said a yearlong extension is preferable with the right mix of spending cuts. Shrinking tax revenue complicates debt limit talks; Biden says ‘we’re not there yet’ 2023-05-13T04:00:00Z Talk about irony: McCarthy sold the debt limit bill by persuading holdouts that it would give him leverage in negotiations with Democrats, by telegraphing Republican unity behind huge spending cuts. Opinion: Kevin McCarthy's doomed debt ceiling deal 2023-05-12T04:00:00Z Mr. Biden is exploring whether agreeing to some spending cuts would be enough to unlock GOP opposition to raising the debt ceiling. White House postpones debt limit meeting with McCarthy 2023-05-11T04:00:00Z Mr. Trump predicted that Democrats would “absolutely cave” when confronted with the choice between accepting spending cuts and defaulting. What We Learned About Trump’s Policies in Contentious Town Hall 2023-05-11T04:00:00Z Donald Trump, who is currently leading the field for the 2024 Republican presidential nomination, said the party should demand massive spending cuts, or let the U.S. default, playing down the consequences of such an event. Cost of insuring against U.S. default rises to highest since 2009 2023-05-11T04:00:00Z As the White House and congressional Republicans discuss spending cuts, Democrats insist that the talks are separate from the debt ceiling. Shrinking tax revenue complicates debt limit talks; Biden says ‘we’re not there yet’ 2023-05-13T04:00:00Z Republican House Speaker Kevin McCarthy is calling for trillions of dollars in spending cuts over the coming decade in return for an increase. Yellen: Different system needed to end repeated standoffs over US debt ceiling 2023-05-11T04:00:00Z Republicans are insisting on massive spending cuts before they agree to pass a debt ceiling increase. Trump plays down consequences of a US default: 'Could be maybe nothing' 2023-05-11T04:00:00Z Meanwhile, detailed talks on raising the U.S. government's $31.4 trillion debt ceiling kicked off on Wednesday with Republicans continuing to insist on spending cuts. Oil prices rise on strong fuel demand data 2023-05-11T04:00:00Z House Republicans passed a bill last month, with no support from Democrats, that would raise the debt ceiling only in exchange for sweeping spending cuts, including sharp reductions in "discretionary" spending on social programs. Debt ceiling battle delays sweeping annual defense policy bill 2023-05-10T04:00:00Z But he also chastised Mr. Biden for not engaging with Mr. McCarthy sooner and insisted on broad spending cuts. Biden Woos Republican Moderates in Debt-Ceiling Standoff 2023-05-10T04:00:00Z Several other Democratic lawmakers in the House and Senate similarly refused to elaborate on what spending cuts would be acceptable. Democrats open to slashing spending, but refuse to clarify what should be cut in budget talks 2023-05-10T04:00:00Z Democrats have warned that the brinkmanship could undermine progress in a strong economy with slowing inflation, while Republicans argued on Wednesday that rapid inflation is evidence that they are correct to demand spending cuts. Inflation Slowed in April, Marking 10th Month of Moderation 2023-05-10T04:00:00Z As conditions for lifting the borrowing cap, House Republicans have sought clean energy spending cuts and a permitting overhaul that prioritizes fossil fuel development. In a Climate Trade-Off, Biden Backs Manchin’s Fossil Fuel Plan 2023-05-10T04:00:00Z A complex deal was reached weeks later, leaving Mr. Obama to explain to Democratic voters why he was not able to raise taxes and had agreed to at least $2.4 trillion in spending cuts. How Past Debt Limit Crises Shaped Biden’s No-Negotiation Stance 2023-05-10T04:00:00Z Mr. McCarthy insists that any debt ceiling increase be tied to spending cuts, while Mr. Biden rejects linking the two; he has agreed to negotiate deficit controls separately. Biden Woos Republican Moderates in Debt-Ceiling Standoff 2023-05-10T04:00:00Z Mr. McCarthy only narrowly passed a bill last month to raise the debt ceiling in exchange for spending cuts, with no Republican votes to spare and Mr. Santos in the “yes” column. Speaker McCarthy is not calling on Santos to resign. 2023-05-10T04:00:00Z Republicans want spending cuts tied to lifting the debt limit, and Democrats insist on a “clean” bill with budget discussions to follow. Is Tucker Carlson Too Hot for Twitter to Handle? 2023-05-10T04:00:00Z Even more ominously, the government’s debt ceiling may be breached by early June, and Republicans in Congress are refusing to raise the cap unless President Joe Biden and congressional Democrats agree to sharp spending cuts. Americans likely saw little relief from inflation in April 2023-05-09T04:00:00Z Mr. Biden said that House Republicans were trying to take the debt limit hostage to force through spending cuts that would hurt average Americans. Biden questions need to cut spending, citing deficit reduction over first term 2023-05-09T04:00:00Z House Republicans have refused to raise the $31.4-trillion debt limit unless it’s paired with discretionary spending cuts. Kevin McCarthy, facing his biggest test yet, sees no movement on debt limit deal 2023-05-09T04:00:00Z President Biden will meet with Speaker Kevin McCarthy on Thursday to discuss the debt ceiling, with Republicans in the House pushing for major spending cuts as a condition for raising the debt limit. How Wall Street is Preparing for a Debt Ceiling Showdown 2023-05-09T04:00:00Z House Speaker Kevin McCarthy wants Biden to negotiate on spending cuts even as the White House insists on a debt limit increase with no strings attached. Explainer: Washington edges closer to debt ceiling deadline 2023-05-09T04:00:00Z McCarthy, whose party holds the House by only a slim majority, wants to tie a vote on the debt ceiling to broad spending cuts that the White House considers draconian. Biden, McCarthy start debt ceiling talks as clock ticks to default 2023-05-09T04:00:00Z Since they last spoke, House Republicans passed their own bill calling for sweeping but largely unspecified government spending cuts. Debt Showdown 2023-05-09T04:00:00Z But they noted that unlike the Democrats, they at least have passed a measure to raise the debt ceiling, albeit conditioned on spending cuts. Biden and McCarthy to Discuss Debt Limit as a Possible Default Looms 2023-05-09T04:00:00Z McCarthy and other GOP lawmakers want a deal that guarantees trillions of dollars in spending cuts before they sign on to raising the debt limit. Chaos? Kumbaya? How the debt limit standoff might end 2023-05-08T04:00:00Z Yellen conceded there was "a very big gap" between Biden's position and that of many Republicans, warning that their proposed spending cuts were "draconian." Yellen says 'no good options' if Congress fails to raise debt ceiling 2023-05-08T04:00:00Z Republicans in Congress have called for any increase in the debt ceiling to be tied to massive spending cuts. Union sues to strike down US debt limit as default looms 2023-05-08T04:00:00Z Republicans in Congress have refused to vote to raise the debt limit unless Biden and congressional Democrats agree to deep spending cuts. Lawsuit: Yellen should ignore ‘unconstitutional’ debt limit 2023-05-08T04:00:00Z Mr. McConnell has pledged full support from Mr. McCarthy’s firm stance on tying a debt limit increase to spending cuts. Biden’s team looks for wiggle room in debt limit talks, floats short-term hike 2023-05-08T04:00:00Z But he is still linking that issue directly to spending cuts in a way that Biden wants to avoid. Chaos? Kumbaya? How the debt limit standoff might end 2023-05-08T04:00:00Z Republicans want to reduce the country’s $31.4 trillion debt through spending cuts, while the White House views tax increases on companies and wealthy Americans as the best way to reduce the burden. Debt-Ceiling Déjà Vu Worries Wall Street 2023-05-08T04:00:00Z In 2011, Mr. Obama entered debt limit negotiations with a set of proposed spending cuts. In Debt Limit Talks, Biden and Republicans Start Far Apart 2023-05-08T04:00:00Z House Republicans have passed legislation with steep cuts to the federal budget that would raise the debt ceiling for the next year, but Mr. Biden and Senate Democrats have rebuffed demands to negotiate spending cuts. Treasury Secretary Janet Yellen dodges question on invoking 14th Amendment to avoid default 2023-05-07T04:00:00Z The letter warns that Senate Republicans are “united behind the House Republican Conference in support of spending cuts and structural budget reform as a starting point for negotiations on the debt ceiling.” Biden’s team looks for wiggle room in debt limit talks, floats short-term hike 2023-05-08T04:00:00Z House Republicans on April 26 passed a bill that would raise the debt limit but impose significant federal spending cuts. Yellen: ‘No good options’ if Congress fails to act on debt 2023-05-07T04:00:00Z But the White House and Democrats so far have refused to budge, arguing that spending cuts should instead be debated as part of the annual budget process. Top House Democrat says GOP passed ‘ransom note,’ not a budget, as default looms 2023-05-07T04:00:00Z But the new Republican majority in the House wants to force Biden to accept deep spending cuts and scrap some of his favorite programs. Column: With just weeks left to strike a deal, it's time to worry about the debt ceiling 2023-05-07T04:00:00Z He could negotiate spending cuts but divorce those discussions from the debt limit. The Week in Business: The 10th Straight Rate Increase 2023-05-07T04:00:00Z It was signed by 43 GOP senators, and two other Republicans have indicated they will vote with the party to block any measure that raises the borrowing limit without spending cuts and other fiscal reforms. Biden’s team looks for wiggle room in debt limit talks, floats short-term hike 2023-05-08T04:00:00Z Republicans are demanding major spending cuts before raising the debt limit. Asked About Age, Biden Says He Knows ‘More Than the Vast Majority of People’ 2023-05-05T04:00:00Z He’s spent months calling on the White House to negotiate with him on a package of spending cuts paired with a debt limit increase. Only Mitch McConnell can save the U.S. from default | Matthew Yglesias 2023-05-05T04:00:00Z Biden has offered to negotiate over spending cuts, but says he won’t bargain as long as the GOP holds the debt ceiling hostage. Column: With just weeks left to strike a deal, it's time to worry about the debt ceiling 2023-05-07T04:00:00Z “Despite these efforts, the spending cuts recently passed by the House of Representatives would wreak havoc on summer air travel,” Nolen told lawmakers. FAA leader warns of summer travel ‘havoc’ if GOP cuts pass 2023-05-05T04:00:00Z The House in late April passed a bill to raise the government's $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade. Senate Republicans oppose vote just to raise US debt ceiling, push for other priorities 2023-05-06T04:00:00Z Instead, Biden administration officials have gleefully hammered them for voting to advance the Republican debt-limit bill and its deep spending cuts. With Default Looming, What Can Biden Do? 2023-05-04T04:00:00Z That would have been either a debt ceiling increase paired with modest discretionary spending cuts, or a suspension of the debt ceiling for long enough to get through the annual appropriations cycle. Only Mitch McConnell can save the U.S. from default | Matthew Yglesias 2023-05-05T04:00:00Z But Democrats point out that most voters don’t like the deep spending cuts the GOP has proposed — also true. Column: With just weeks left to strike a deal, it's time to worry about the debt ceiling 2023-05-07T04:00:00Z President Biden may have been hoping veteran Senate Republican Leader Mitch McConnell would help pressure the House GOP to back away from demands for spending cuts in exchange for lifting the nation’s borrowing limit. In new letter, top Republicans in Congress close ranks on spending reforms in debt ceiling deal 2023-05-06T04:00:00Z Mark Zandi, chief economist at Moody’s Analytics, said the timing of the spending cuts that would occur through the House bill would “meaningfully increase” the likelihood of a recession. Debt limit deadline looms as Democrats, GOP spar on spending 2023-05-04T04:00:00Z Republicans have seized on the issue to extract spending cuts and other policy concessions from Mr. Biden. Biden says he believes McCarthy is ‘an honest man’ ahead of debt-ceiling talks 2023-05-05T04:00:00Z Republican proposals for spending cuts may effect green investment initiatives signed into law last year. How investors are trading the U.S. debt ceiling 2023-05-05T04:00:00Z The president has accused the GOP of holding the nation’s credit hostage in their push for spending cuts and has repeatedly said he will not bargain over raising the debt limit. White House floats short-term debt limit hike ahead of Biden-McCarthy meeting 2023-05-04T04:00:00Z Mark Zandi, chief economist at Moody’s Analytics, said in his prepared testimony to the committee that the timing of the spending cuts envisioned in the House bill would “meaningfully increase” the likelihood of a recession. Democrats pressure GOP on debt limit, spending cuts 2023-05-04T04:00:00Z Ramaswamy said he favors tying modest spending cuts to any deal to raise the debt limit but declined to give specifics. Analysis: Why Republican presidential hopefuls are keeping out of US debt-ceiling squabble 2023-05-03T04:00:00Z Between those two scenarios, Zandi said the next-harshest economic outcome would be for the House Republican plan calling for drastic spending cuts to prevail. How a US debt crisis standoff could cause a recession - a bad one 2023-05-03T04:00:00Z The debt limit caps how much the government can borrow, and Republicans in Congress are demanding steep spending cuts as the price of agreeing to lift the borrowing cap. Rising turmoil is making Fed’s rate decisions more perilous 2023-05-03T04:00:00Z He needs to explain the clear and present danger of the Republican Party’s terror tactic of threatening not to raise the debt ceiling unless the party gets its way on spending cuts. Opinion | President Biden can’t negotiate with this GOP on the debt ceiling 2023-05-02T04:00:00Z In an effort to control rampant inflation, Venezuela's government has been injecting dollars into the economy to stabilize the exchange rate, along with public spending cuts and credit restrictions. Chevron export earnings boost supply of US dollars in Venezuela -sources 2023-05-02T04:00:00Z Mr. McCarthy’s invitation to the meeting marked an abrupt change for the president, who has refused to negotiate with Republicans on raising the debt ceiling in exchange for spending cuts. McCarthy agrees to meet with Biden on debt ceiling next week 2023-05-02T04:00:00Z So far neither Democrats nor Republicans, who demand steep spending cuts as part of any debt limit increase, have moved off of their positions. US Democrats hold to 'clean' debt limit hike with no spending cuts attached -Schumer 2023-05-02T04:00:00Z House Republicans passed a bill to raise the debt limit last week that includes steep spending cuts from healthcare for the poor to air-traffic controllers, which the Democratic-controlled Senate say they will not approve. Analysis: Biden travel, Congress recess to squeeze debt limit timeline even more 2023-05-02T04:00:00Z The only reason Mr. McCarthy’s caucus passed its so-called spending cut/debt ceiling bill is that it doesn’t pin down spending cuts. Opinion | President Biden can’t negotiate with this GOP on the debt ceiling 2023-05-02T04:00:00Z In Washington, Biden and McCarthy are jockeying over the fight to increase the government’s debt limit, with the president refusing to negotiate spending cuts demanded by House Republicans. McCarthy invites Netanyahu to visit Congress, skip the White House 2023-05-01T04:00:00Z House Republicans have long demanded spending cuts in exchange for lifting the debt ceiling, and they approved legislation last week to achieve that goal. McCarthy agrees to meet with Biden on debt ceiling next week 2023-05-02T04:00:00Z In his speech on the Senate floor, Schumer gave no timetable for a possible Senate vote on a debt limit bill with no spending cuts attached. US Democrats hold to 'clean' debt limit hike with no spending cuts attached -Schumer 2023-05-02T04:00:00Z Republican lawmakers — who took control of the House in January — have tried to seize on the looming deadline to extract spending cuts and other policy concessions from the White House. Biden seeks debt ceiling talks, as U.S. faces possible June 1 default 2023-05-01T04:00:00Z House Republicans have long demanded spending cuts in exchange for lifting the debt ceiling, and approved legislation last week to achieve that goal. Yellen’s warning date for default renews pressure on Biden, GOP to find common ground on debt limit 2023-05-01T04:00:00Z President Biden and Democrats are launching a full-scale push to discredit the House GOP’s legislation to raise the debt limit until May 2024 in exchange for $4.8 trillion in spending cuts. Biden, Democrats move to define GOP’s debt limit on their terms with House on recess 2023-05-01T04:00:00Z Republicans in the House of Representatives have passed legislation that would pair a $1.5 trillion increase in the debt ceiling with $4.8 trillion in spending cuts. Factbox: U.S. debt ceiling: A 'clean' increase is not the rule 2023-05-01T04:00:00Z The House Republican majority has most recently passed a bill to secure spending cuts in exchange for a debt limit increase. US borrowing increases as standoff over debt continues 2023-05-01T04:00:00Z Democrats and rank-and-file Republican allies in the House could bypass McCarthy and force a vote on a "clean" debt ceiling increase, free of spending cuts or other conditions. Factbox: U.S. debt ceiling standoff: Platinum coins, the 14th Amendment could be paths out 2023-05-01T04:00:00Z The president wants to focus on the impact of the GOP’s likely spending cuts; McCarthy wants to portray Biden as childish for not negotiating. Plenty of attacks on the debt cap, but no signs of settling 2023-05-01T04:00:00Z Neither did they enact a budget with the spending cuts they are now insisting must be enacted or else. Too bad Kevin McCarthy: Biden has learned from Barack Obama's mistakes 2023-05-01T04:00:00Z But conservatives declared victory anyway, with some promising to push even harder for aggressive spending cuts, targeting everything from workplace safety inspections to federal college aid in the months to come. With debt bill adopted, far-right House Republicans ready for fiscal war 2023-04-30T04:00:00Z Sen. Bernard Sanders endorsed the idea of Mr. Biden coming to the negotiating table but only over federal spending cuts in the annual budget. House Republicans accuse Dems of ‘shamelessly lying’ about veterans’ benefits under debt-limit bill 2023-04-30T04:00:00Z Mr. Sanders’ remarks underscored the position among most Senate Democrats who say Mr. Biden should remain steadfast in his refusal to negotiate spending cuts to lift the debt ceiling. Sen. Bernie Sanders: Biden ‘can start negotiating tomorrow’ on budget cuts but not debt limit 2023-04-30T04:00:00Z In a White House speech celebrating small businesses, Biden portrayed the House Republicans’ plan as an attempt to extort spending cuts from the administration by putting the federal government at risk of default. Plenty of attacks on the debt cap, but no signs of settling 2023-05-01T04:00:00Z If they want draconian spending cuts to happen they have to bargain for them or win a real majority and pass legislation like normal elected officials. Too bad Kevin McCarthy: Biden has learned from Barack Obama's mistakes 2023-05-01T04:00:00Z A similar punishment cost taxpayers more than $1 billion in 2011, when the GOP last held up a debt ceiling increase in pursuit of massive spending cuts. With debt bill adopted, far-right House Republicans ready for fiscal war 2023-04-30T04:00:00Z They are demanding spending cuts that will begin to rein in the debt. Analysis | Defaulting on the national debt is much closer than anyone realizes 2023-04-29T04:00:00Z But when a group of Midwestern Republicans went marching this week into the office of House Speaker Kevin McCarthy, it wasn’t spending cuts they wanted to talk about. Facing revolt, GOP spares ethanol in drive to cut spending 2023-04-28T04:00:00Z But a growing number of Republicans believe the argument advanced by Vought: that the risks have been massively overstated and can be ignored to secure trillions of dollars in spending cuts. The GOP wonks trying to get their party not to detonate the debt limit bomb 2023-04-27T04:00:00Z Unfortunately, the Republicans once more have a great friend in the media which is always inexplicably drawn to the idea of spending cuts and are once again pushing stories of fiscal doom due to deficits. Too bad Kevin McCarthy: Biden has learned from Barack Obama's mistakes 2023-05-01T04:00:00Z Hoping to add to the pressure, some members of the House Freedom Caucus are exploring ways to obtain additional spending cuts. With debt bill adopted, far-right House Republicans ready for fiscal war 2023-04-30T04:00:00Z Unlike most things in the House Republicans’ debt-limit bill — such as those across-the-board spending cuts — there is one measure that might secure widespread support: adding work requirements to Medicaid. Opinion | How the GOP’s Medicaid work requirements will backfire 2023-04-27T04:00:00Z But holding the debt limit hostage to impose blunt spending cuts would only backfire. Opinion | It’s time for Biden to call McCarthy. A lot. 2023-04-27T04:00:00Z For now, they have largely backed McCarthy’s legislation that would raise the debt limit in exchange for spending cuts. The GOP wonks trying to get their party not to detonate the debt limit bomb 2023-04-27T04:00:00Z The White House is stressing that congressional Republicans have joined Democrats to raise the debt limit several times in recent years without requiring spending cuts, notably when Trump was president. White House reiterates refusal to negotiate on debt limit as pressure mounts 2023-04-27T04:00:00Z Democrats opposed the harsh spending cuts Republicans proposed, and the president vowed to veto McCarthy’s bill. Debt ceiling: McCarthy wins 1st round, Biden eyes long game 2023-04-27T04:00:00Z Republicans are refusing to budge on raising the debt limit without adequate spending cuts. Democrats anxious over default, but refuse to abandon Biden’s no-negotiation pledge on debt limit 2023-04-27T04:00:00Z Along with raising the limit, it included spending cuts, new supports for oil and gas drilling and the near-total reversal of Mr. Biden’s signature law meant to fight climate change. Biden Faces His First Big Choice on Debt Limit 2023-04-27T04:00:00Z Riedl said he supports advancing it for now — as long as lawmakers are willing to lift the debt ceiling even without the spending cuts. The GOP wonks trying to get their party not to detonate the debt limit bomb 2023-04-27T04:00:00Z Along with raising the limit, it included spending cuts, new supports for oil and gas drilling and the near-total reversal of Mr. Biden’s signature law meant to fight climate change. Biden Faces His First Big Choice on Debt Limit 2023-04-27T04:00:00Z House of Representatives has passed a bill that pairs $4.8 trillion of spending cuts with an increase in the federal government's $31.4 trillion debt ceiling. Factbox: What's in the US House Republicans' debt-ceiling spending-cut bill? 2023-04-27T04:00:00Z Speaker Kevin McCarthy cobbled together enough caucus members to narrowly approve his proposal, which would raise the debt ceiling for one year and calls for sharp spending cuts. What Microsoft’s Activision Setback Means for Deal Making 2023-04-27T04:00:00Z House of Representatives on Wednesday narrowly passed a bill to raise the government's $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade. Futures rise on Meta forecast ahead of key earnings, economic data 2023-04-27T04:00:00Z The legislation, championed by House Speaker Kevin McCarthy, would raise the limit on money the government can borrow through next year, reel back President Biden’s climate agenda and force sweeping, unspecified spending cuts. The Fight Over the Debt Limit 2023-04-27T04:00:00Z Instead, Mr. Schumer has urged Republicans to drop demands for spending cuts and pass a clean debt limit bill. McConnell lines up behind House GOP on debt-limit proposal 2023-04-26T04:00:00Z Kevin McCarthy, the House speaker, may propose raising the debt limit in exchange for spending cuts today. Biden’s Quiet Re-election Strategy 2023-04-26T04:00:00Z Mr. McCarthy is set as early as Wednesday to bring to the floor his proposal to lift the debt ceiling for a year in exchange for spending cuts and policy changes. After a Hellish Start and a Honeymoon, McCarthy Faces His First Big Test 2023-04-26T04:00:00Z He has argued that passing the bill could force Biden to agree to negotiate spending cuts in exchange for lifting the federal government's $31.4 trillion borrowing limit. McCarthy's debt-ceiling bill tests unity of U.S. House Republicans 2023-04-26T04:00:00Z More recently, Republicans have argued that spending cuts will ease inflation. The Fight Over the Debt Limit 2023-04-27T04:00:00Z What’s more, it turned out that not committing in advance to specific spending cuts didn’t successfully resolve the question of what to cut. Opinion | Yes, Biden negotiated over the debt limit before. He’s learned his lesson. 2023-04-25T04:00:00Z The financial turbulence highlights the stakes in the nation’s capital, more than a decade after Republicans last used the debt ceiling as leverage to seek spending cuts. GOP readies debt ceiling vote as Wall Street braces for costly standoff 2023-04-25T04:00:00Z He’s aiming for bigger spending cuts than those being considered. McCarthy edges Republicans closer to House debt vote 2023-04-25T04:00:00Z Outside of spending cuts and revoking tax credits, Republicans want to impose new requirements that individuals work at least 20 hours per week to qualify for Medicaid, food stamps, and direct cash payments. House GOP barrels toward vote Wednesday on key debt-limit bill as divisions spill into open 2023-04-25T04:00:00Z They have likened Republicans’ tactics to hostage taking, arguing that McCarthy and his allies are using the threat of economic catastrophe to force Biden to agree to draconian spending cuts. The Fight Over the Debt Limit 2023-04-27T04:00:00Z These days, Republicans have all but excised the phrase “spending cuts” from their lexicon. Don’t Call It a ‘Cut’: G.O.P. Tries to Rebrand Its Plan to Reduce Spending 2023-04-25T04:00:00Z The Democratic president primarily wants higher taxes on the wealthy to lower deficits; the GOP congressional leader favors sharp spending cuts. As Biden, McCarthy clash on US debt, what are differences? 2023-04-25T04:00:00Z The CBO released an analysis of the bill that shows if all the spending cuts are implemented, federal deficits would decline $300 billion more than House Republicans have predicted. CBO says McCarthy’s debt limit plan would cut deficits by $4.8 trillion, kick 600k off Medicaid 2023-04-25T04:00:00Z Mr. Biden’s threat comes as House Republicans prepare to pass legislation this week that would raise the nation’s debt ceiling by $1.5 trillion in exchange for $4.5 trillion in spending cuts. Biden promises to veto House GOP’s debt limit bill 2023-04-25T04:00:00Z He is not about to upend a growing economy with steep spending cuts. Opinion | McCarthy’s debt ceiling plan is theater unworthy of a high school gym 2023-04-23T04:00:00Z Another risk bubbling away in the background is the U.S. debt ceiling with the House set to vote on the Republican plan to extend the debt limit in exchange for spending cuts. EUROPE All aboard the tech hype train as earnings rumble in 2023-04-24T04:00:00Z “But when it comes to the budget, when it comes to how they want to see spending cuts for the American people, we will have that discussion.” As Biden, McCarthy clash on US debt, what are differences? 2023-04-25T04:00:00Z House of Representatives could this week vote on a Republican plan to raise the debt ceiling in exchange for spending cuts. Asia stocks off to slow start in earnings-rich week 2023-04-24T04:00:00Z House Speaker Kevin McCarthy made clear he would leverage his party’s majority in the lower chamber to push President Biden to accept spending cuts. Column: Trump seems to have a firm grip on GOP polls — but his rivals think they can do better 2023-04-23T04:00:00Z What this means in plain English, as The Post’s Tony Romm reported, are “massive spending cuts,” but without having to specify them. Opinion | McCarthy’s debt ceiling plan is theater unworthy of a high school gym 2023-04-23T04:00:00Z |
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