National Debt

President Joe Biden revealed the third budget of his presidency, proposing to spend $6.8 trillion and raise taxes by approximately $5 trillion.

Members of the House Freedom Caucus on Friday outlined the conditions necessary to attain their vote for a raise on the national debt limit, including setting a cap on discretionary spending for 10 years, stopping President Joe Biden's student loan forgiveness plan, and pulling back the $80 billion approved late last year to expand the Internal Revenue Service.

Some individuals can expect a Medicare tax increase under the new budget proposal scheduled to be unveiled this week by the Biden administration.

Sen. Joe Manchin (D-WV) called on his Republican and Democratic colleagues on Thursday to implement a compromise that would decrease the national debt.

This week the US government reached its 31.4 trillion dollars borrowing limit, better known as the “debt ceiling.”

Treasury Secretary Janet Yellen asserted on Saturday that House Republicans attempting to negotiate spending cuts amid the renewed debt ceiling battle are “very irresponsible.”

The race will be a key 2024 contest.

Inflation is over, the administration crows, even as Congress works to pass another massive spending bill — this time, $1.7 trillion.

Sen. Rand Paul (R-KY) wheeled in the massive omnibus bill to mock the 4,155 page legislation that was made public this week.

Donald Trump has endorsed California Republican Kevin McCarthy in his bid for House Speaker.