tax cuts, budget blueprint and GOP
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The Hill |
Senate Democratic Leader Chuck Schumer (N.Y.) accused Republicans of breaking the Senate rules to make Trump tax cuts permanent.
Boise State Public Radio |
Senate Republicans have unveiled a budget blueprint they hope to pass as they look to enact key elements of President Trump's domestic policy agenda.
Washington Examiner |
The Senate proposal, meanwhile, only instructs committees to find a minimum of $4 billion in savings — a possible gap of more than $1 trillion with the House.
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Senate Republicans looking to extend expiring tax cuts have given themselves more room to fund Medicaid and other health programs.
Some Republicans in Congress have proposed changing the budget reconciliation process to begin using a “current policy” baseline that ignores expirations under law, instead of the traditional “current law” baseline.
A House GOP aide told The Post that the “target cuts” for both chambers of Congress will be reconciled — with at least $1.5 trillion or more in the total reduction to government
7don MSN
The federal government could be unable to pay its bills as soon as August if Congress doesn't act, the Congressional Budget Office estimated.
The Congressional Budget Office estimates that the federal government could default on its debt as soon as August unless Congress raises or suspends the debt ceiling.
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As the District leaders' budget battle continues on Capitol Hill, the timeline for D.C.'s future budgets is in limbo.
The Congressional Budget Office said that the so-called X-date could occur as early as spring if Congress does not lift or suspend the nation’s debt limit.
The Congressional Budget Office warned on Wednesday that the government could run out of money to pay its bills as early as August or September if lawmakers fail to address the debt limit. "The government's ability to borrow using extraordinary measures will probably be exhausted in August or September 2025,
The drop-dead date for Congress to suspend or raise the debt limit and prevent the government from defaulting on its borrowing obligations will “probably” fall in August or September, the Congressional Budget Office said Wednesday.