Page 37 - Grow Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The United States House of Representatives’ passage of the Limit, Save, Grow Act of 2023 is a big Republican failure in addressing the debt ceiling. The debt ceiling would be raised above the current limit of $31 trillion by $1.5 trillion or through March 2024, whichever comes first. Notably, “official cost estimates have not yet been released,” so the projected paltry $480 billion annual spending reductions likely will be much less.

The hot-button issue of student loans has found its way into the high-stakes debt ceiling deal, with Republicans claiming a victory that the end of the pandemic-era payment pause is locked in, and the White House arguing that no concessions were made. The debt deal outlines that the pause ends 60 days after June 30 […]

Kentucky Republican Representative Thomas Massie has come under fire from conservatives for voting to advance the Biden-McCarthy debt limit deal.

"It is frankly an insult to the American people to support a piece of legislation that continues to put our country's financial future at risk."

Conservatives passed a $1.5 trillion debt ceiling increase that also cut spending. But Republican leadership is caving.