Deficit Control Act News Today

(Archived document, may contain errors)   3/10/87 153 THIS IS NO TIME TO RELAX DEFICIT-CUTTING TARGETS

(Archived document, may contain errors) 10/16/85 96 THE DEFICIT CONTROL ACT: A F1 RST VICTORY IN THE WAR ON THE DEFICIT

The United States risks defaulting on payment obligations as soon as July if lawmakers fail to resolve a gridlock and raise the federal borrowing limit, according to Congressional Budget Office estimates released on Wednesday.

It looks like the United States is headed toward another highwire debt-ceiling act, with a report by the nonpartisan Congressional Budget Office released on Wednesday projecting a summertime default if the debt limit isn't raised.

The U.S. could default on its debt sometime this summer if Congress doesn't raise the debt the $31.4 trillion debt ceiling, the Congressional Budget Office projected Wednesday.

The Build Back Better reconciliation bill includes a number of green energy and environmental justice provisions. Ike Brannon, a senior fellow at the Jack Kemp Foundation, and Dan Kowalski, owner of Wizard of OZ, say that the new spending is subject to existing budget rules imposed by prior Congresses, including sequestration.

As debt limit debate looms, letter urges House and Senate leaders to rein in spending AJ Taylor14 hours agoLast Updated: July 22, 2021 Rep. Randy Feenstra joined members of the House Budget Committee in sending a letter to House and Senate leaders, urging them to enact fiscally responsible policies that will rein in out-of-control spending and reduce the $28+ trillion national debt. This comes after the Congressional Budget Office (CBO) projected the debt limit will need to be raised this fall....