Default Prevention Act News Today

Treasury Secretary Janet Yellen said that despite the government hitting the debt ceiling months ago, there has been no plan for prioritizing payments presented to the president.

Both Democrats and Republicans have tried to use the specter of China to justify their own budget plans.

Treasury Secretary Janet Yellen offered senators no assurance that a Republican plan to prioritize payment of the nation’s ...

The House Ways and Means Committee will consider a bill on Thursday that would prioritize federal spending if the U.S. hits the debt ceiling later this year.

House Republicans are preparing a plan telling the Treasury Department what to do if Congress and the White House dont agree to lift the nations debt limit later this year, underscoring the brinkmanship newly empowered conservatives will bring to the high-stakes negotiations over averting a U.S. default, according to six people aware of the internal discussions.

The plan, previously unreported, was part of the private deal reached this month to resolve the standoff between House conservatives and Rep. Kevin McCarthy (R-Calif.) over the election of House speaker.

Take up tom mcclintocks bill to make sure the default prevention act the we do not default on any principal or interest payment, we know as america we would never want to do that. there was a bill the chairman will come up here, this is the bipartisan bill, national defense authorization act. it has a history of being bipartisan. we did an enrollment assignment to the president. never in history have we had a president who said he wants a detour bill of this nature and something not even in the ...

Mcclintocks bill to make sure the default prevention act. as america wed never want to default on payments. the chairman of the armed services, a bipartisan bill, the national defense authorization act. it has a history of being bipartisan. the speaker sent it to the president. never in the history had we had a president saying he wants to veto something of this nature. we should never get to the point in this country where we play politics with our troops. this deals with the future, it deals w...

Default prevention act that we do not default on any of the principal or interest payments that we know as america wed never want to do that. but there was one bill that youre going to have the chairman come up here from armed services, mack thornberry. this is a bipartisan bill. its the national defense authorization act. it has a history of being bipartisan. the speaker did an enrollment sign sending it to the president. never had the history have we had a president saying he wants to veto a b...

Senator rob portman, republican from ohio, has a bill hes introduced that would take continuing resolutions and take shutdowns off the table, would say, in the event a continuing resolution doesnt pass you dont have a shutdown, you simply continue and gradually government funding goes down but it doesnt just go off a cliff. the democrats dont want to pass that. why? they wont government by crisis. likewise the house and the continuing resolution they just passed had a provision called the full f...