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Senators were trying to speed forward on the funding package one day after it passed the House in an overwhelming bipartisan vote. In the meantime, both top Republicans and Democrats in the Senate appeared ready to avert a shutdown and pass the temporary funding patch well before government funding expires Saturday. Political Cartoons View All 1250 ImagesThe spending package would keep government funding at current levels for roughly two more months while a long-term package is negotiated. He portrayed the temporary funding bill as setting the ground for a spending “fight” with the Senate next year. He wanted to avoid lawmakers being forced to consider a massive government funding package before the December holidays — a tactic that incenses conservatives in particular.

Persons: —, “, Chuck Schumer, John Thune, Schumer, Mike Johnson, Johnson, ” Johnson, Biden, Mitch McConnell, Washington Democrats ’, ” Schumer, ”, Mary Claire Jalonick Organizations: WASHINGTON, —, Democrats, Senate, GOP, Republican, Republicans, Washington Democrats, Associated Press Locations: Israel, Ukraine, Washington, Louisiana, U.S, Mexico

☆ Hardline shutdown push of the few frustrates US House Republicans
▼ + stars: | 2023-09-28 | by ( David Morgan | ) www.reuters.com time to read: +5 min

Facing pressure from his right flank, McCarthy is pursuing a partisan Republican CR that would cut current government funding levels and contain provisions on security and immigration at the U.S. border with Mexico. Those proposals are unlikely to win the Democratic support they would need to pass the Senate, or to be signed by Biden. HARDLINE HOLDOUTSBut Republican hardliners, including members of the House Freedom Caucus and allies of former President Donald Trump, are resisting even McCarthy's partisan plan. The record-setting, 34-day 2018 shutdown came weeks after Republicans lost their House majority during Trump's term. "They're talking to a small portion of America," said Republican Representative Darrell Issa.

Persons: Mitch McConnell, Mary F, Kevin McCarthy's, Patrick McHenry, Joe Biden, McCarthy, Biden, Donald Trump, Matt Rosendale, Andy Biggs, Biggs, Matt Gaetz, Eli Crane, Representative Dan Bishop, Darrell Issa, Don Bacon, They're, David Morgan, Scott Malone, Timothy Gardner Organizations: U.S, Capitol, REUTERS, Rights, Republicans, U.S . House, Democratic, Senate, Reuters, The North Carolina Republican, Wall, Republican, HOLDOUTS, Caucus, Twitter, Freedom Caucus, Trump, Washington Democrats, Representative, Thomson Locations: Washington , U.S, U.S, The, Mexico, North Carolina, America

"We are avoiding default tonight," Senate Majority Leader Chuck Schumer said on Thursday as he steered the legislation through his 100-member chamber. "In the coming months, Senate Republicans will continue working to provide for the common defense and control Washington Democrats’ reckless spending," he said in a statement. McConnell was referring to 12 bills Congress will work on over the summer to fund government programs in the fiscal year beginning Oct. 1, which will also carry out the broad instructions of the debt limit bill. Unlike most other developed countries, the United States limits the amount of debt the government can borrow, regardless of any spending allocated by the legislature. The last time the United States came this close to default was in 2011.

Persons: Joe Biden, Chuck Schumer, Biden, Kevin McCarthy, Mitch McConnell, McConnell, Janet Yellen, Schumer, McCarthy, Yellen, Roger Marshall, Richard Cowan, David Morgan, Moira Warburton, Gram Slattery, Scott Malone, Alistair Bell, Diane Craft, Kieran Murray, William Mallard Organizations: U.S, Senate, Representatives, Republicans, The Treasury Department, Democratic, Republican, Washington Democrats, Social Security, Treasury, Russia, Office, Thomson Locations: United States, America, West Virginia, U.S, Mexico, Ukraine, China, Russia

☆ The House just passed McCarthy and Biden's debt-ceiling deal, bringing the US one step closer to avoiding a default in a matter of days
▼ + stars: | 2023-06-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

The House voted to pass Biden and McCarthy's bill to raise the debt ceiling by a vote of 314-117. On Wednesday night, the House passed President Joe Biden and Speaker of the House Kevin McCarthy's bill — the Fiscal Responsibility Act — to suspend the debt ceiling through January 1, 2025 by a vote of 314-117. For months, Biden and McCarthy had been at odds over the best approach to address the debt-ceiling crisis. "President Biden and Speaker McCarthy's agreement will protect the economy and eliminate the threat of a catastrophic default. McConnell also wrote that McCarthy "and House Republicans secured a crucial first step toward bringing Washington Democrats' reckless spending to heel.

Persons: Biden, —, Joe Biden, Kevin McCarthy's, McCarthy, Massachusetts Sen, Elizabeth Warren, Mitch McConnell, Chuck Schumer, Schumer, McConnell Organizations: Senate, Service, Congressional, Office, SNAP, Social Security, Medicare, Democratic, Twitter, House Republicans, Washington Democrats, Senators Locations: Massachusetts

☆ Bernie Sanders vows to vote against Biden and McCarthy's 'totally unnecessary' debt-ceiling deal, saying that the best thing about the bill is 'it could have been much worse'
▼ + stars: | 2023-05-31 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Sen. Bernie Sanders said on Wednesday he will vote against the debt-ceiling bill. He said he cannot support legislation that harms student-loan borrowers and restricts nutritional benefits. "The best thing to be said about the current deal on the debt ceiling is that it could have been much worse," Sanders said in the statement. "President Biden and Speaker McCarthy's agreement will protect the economy and eliminate the threat of a catastrophic default. McConnell also wrote that McCarthy "and House Republicans secured a crucial first step toward bringing Washington Democrats' reckless spending to heel.

Persons: Sen, Bernie Sanders, —, Vermont Sen, Kevin McCarthy, Joe Biden's, McCarthy, Biden, Sanders, Chuck Schumer, Mitch McConnell, Schumer, McConnell Organizations: Service, Vermont, Congressional, Office, SNAP, Twitter, House Republicans, Washington Democrats

With the way cable news talking heads describe debt ceiling negotiations, one might think America is headed for an extinction-level event. Left-wing pundits argue that anything but a "clean raise" in the debt ceiling – extending America's credit card limit with no conditions – will bring about an economic apocalypse. As the chairman of the House Ways and Means Committee with jurisdiction over the debt ceiling, Social Security, and Medicare, no debt ceiling legislation that passes through my committee will include cuts to these vital programs. Debt ceiling negotiations are something Democrats – and even then-Senator Biden – have agreed to multiple times in our nation's history. For Washington Democrats to engage in politics as usual is manifesting the very crisis they claim they want to avoid.

☆ Worried about Social Security benefit cuts? How calculators may help gauge how changes may affect you
▼ + stars: | 2022-12-05 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

Hobo_018 | E+ | Getty ImagesHow to measure the effects of a benefit cutCovisum, a provider of Social Security claiming software, recently updated its calculator to reflect the Social Security trustees' latest projections. Offerings include a free version for consumers and a more complex paid version for financial advisors. Another product, Maximize My Social Security, lets consumers evaluate for a $40 annual fee which claiming strategy might best suit them. Because there are thousands of Social Security claiming rules, a more in-depth analysis can help identify the best way to get the most from the program for your unique situation. Why it's important to stress test your planIt's also important to remember the current depletion date projections are subject to change, as the Social Security trustees amend their projections each year.

WASHINGTON — Democrats advanced a plan Friday to reorder the early voting states in their presidential primary calendar, one that would put South Carolina first, jettison Iowa and demote New Hampshire. The overhaul calls for South Carolina to hold its Democratic primary on Feb. 3, followed by Nevada and New Hampshire on Feb. 6. Georgia would hold its primary on Feb. 13, with Michigan rounding out the early voting on Feb. 27. Democrats have spent months debating their primary calendar, aiming to increase the diversity of states that help select the party’s standard-bearer and to add more general election battlegrounds to the mix. "Our first-in-the-nation primary is part of our culture and has been in place for over 100 years.

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