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Treasury Says US Government May Hit Debt Ceiling by Summer's End – Courthouse News Service

(Jack Rodgers photo/Courthouse News)
(CN) The Treasury Department warned Wednesday that it may need Congress to once again extend the national debt limit, as the debt-to-GDP ratio hits highs not seen since the late 1940s.
“In light of the substantial Covid-related uncertainty about receipts and outlays in the coming months, it is very difficult to predict how long extraordinary measures might last,” the agency wrote on Wednesday in its quarterly refundingstatement. “Treasury is evaluation a range of potential scenarios, including some in which extraordinary measures could be exhausted much more quickly than in prior debt limit episodes.”
If the debt ceiling, currently pegged at about $28 trillion, is breached, the Treasury cannot auction off any more bonds or notes and essentially lives “paycheck to paycheck” as tax revenue comes in. A debt ceiling default could lead to a downgrade in the nation’s credit rating a disastrous scenario that could then sh ....

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Gov. Ron DeSantis' future could have been powered by latest Tallahassee session

A legislative session colored by last November’s presidential contest could power Gov. Ron DeSantis’ future ....

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Florida legislative session could power Ron DeSantis' future

Ron DeSantis’ agenda was topped by a crackdown on protesters involved in demonstrations that turn violent. ....

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Legislature ends session with $101.5 billion budget

TALLAHASSEE – Florida lawmakers approved a $101.5 billion state budget – by far the largest in Florida history – and ended the 2021 legislative session Friday amid a flurry of last-minute deal making.
After intense partisan clashes over a host of controversial bills that gained approval this year – including election law changes, a measure pushing back against Big Tech censorship, anti-riot legislation in response to Black Lives Matter protests and a transgender sports ban – a budget process initially expected to involve painful cuts ended up being relatively smooth.
The spending plan for the year beginning July 1 is 10% bigger than the current budget, after being fattened by billions of dollars in federal stimulus money. ....

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Support For Smaller Government At Lowest Level In 30 Years: Poll

An ABC News/Washington Post poll released Sunday found that Americans&#039; support for smaller government is at the lowest level in nearly 30 years. ....

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