debt

Senate Passes Bill, Avoids Government Shutdown

The Senate has passed a stopgap funding bill to avert a federal government shutdown, just after the midnight deadline for funding. Earlier in the...

Biden Administration Halts Key Regulations Amid Transition to Trump Presidency

President Joe Biden's administration has announced it will abandon efforts to implement key regulations concerning transgender student athletes and student loan forgiveness, signaling the first steps in a broader plan to prevent President-elect Donald Trump from reworking these initiatives once he takes office.

House Republicans Consider New Spending Plan

House Speaker Mike Johnson (R-LA) told reporters that the Republican Party is united on a third plan to avoid a government shutdown.

Schumer Demands Congress Return to 1,500-Page Spending Bill

Senate Majority Leader Chuck Schumer (D-NY) urged Congress to return to its failed 1,500-page spending bill.

Biden Cancels More Student Loans

The Biden administration has canceled more than $4 billion in student loan debt for nearly 55,000 people.

Trump Calls Possible Government Shutdown a ‘Biden Problem’

President-elect Donald Trump said the need to pass a spending bill is "a Biden problem," emphasizing that it is better for a government shutdown to occur now than when Trump takes office.

Trump Calls for Primary Challenge Against Rep. Chip Roy Over Government Funding Dispute

President Donald Trump has publicly called for Republican Representative Chip Roy (TX) to face a primary challenge, accusing him of obstructing Republican efforts to secure a victory in the ongoing debate over a new continuing resolution (CR) to fund the government. Trump's comments come in the wake of the collapse of both the Democrats' and Mike Johnson’s government spending bill, which has led Congress to deliberate a new piece of legislation known as the “American Relief Act of 2024.” The bill seeks to prevent a government shutdown while addressing issues such as disaster relief for areas affected by Hurricanes Helene and Milton, as well as supporting farmers.

Trump Says Congress Should Abolish the Debt Ceiling

President-elect Donald Trump said in a phone interview with NBC News that Congress should abolish the debt ceiling.

Rand Paul Suggests Elon Musk Become House Speaker

Senator Rand Paul (R-KY) suggested that Elon Musk replace Rep. Mike Johnson (R-LA) as House Speaker.

Los Angeles County to Cancel $2 Billion in Medical Debt For Residents

Los Angeles County has announced a program to cancel $2 billion in medical debt for residents.

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