Elected officials still seem locked into their negotiating positions on the federal debt limit, leading Moody’s to warn that it could soon consider downgrading the government’s credit rating “due to the very small but rising risk of a short-lived default.”The…
Later today House Republicans plan to vote down an initial request from the administration to approve an increase in the federal debt limit without spending reductions. The vote will be largely symbolic, coming after several weeks of negotiations between the…
With the 2011 appropriations bills finally complete, the House turned its attention to the 2012 bills last week. Appropriations Committee Chairman Hal Rogers (R-Ky.) set the goal of completing the committee's work by the August recess to permit the full…
With an eye on the need to raise the federal debt limit soon, administration officials and six congressional representatives began deficit-reduction negotiations last week. Some of those involved in the talks, chaired by Vice President Joe Biden, have offered hopeful…
