Breaking (Down) the Debt Ceiling
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Lat: Law Firms Must Get Big, Profitable or Lost
Weekly Brief: Lawyers Laid Off After Foreclosure Settlement
Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill, such as a newly introduced bill, a summary of a committee hearing,...more
“Despite the myriad factions among congressional Republicans, President Donald Trump has for the most part imposed his will on GOP lawmakers. He is now shifting his focus to the independent judiciary.” — Howard Schweitzer,...more
Both chambers are in session this week, although the House will pause its voting schedule so members can travel on Wednesday for the funeral of Rep. Raúl Grijalva (D-AZ)....more
This session will provide insights for financial services entities regarding: (1) interpretation of the impact of the recent Executive Orders and early actions of the appointees; (2) status on key appointees and their Day 1...more
March 14, 2025, looms as an important deadline in the middle of President Trump’s first 100 days in office, a milestone often used to evaluate the effectiveness of a new President. March 14 is the day that the American Relief...more
The Senate approved S.Con.Res.7 in the early morning hours of Friday, Feb. 21, concluding a vote-a-rama that began the night before and lasted over 10 hours. The final vote was 52-48, with Sen. Rand Paul (R-KY) joining...more
“Despite all the discussion of spending cuts under the new unified GOP control in Washington, two words that President Trump did not utter even once during his inaugural address: deficit reduction.” — Howard Schweitzer, CEO,...more
Both the House and Senate are in session this week. Monday, Donald Trump was sworn in as the forty-seventh President of the United States. He began his term by issuing close to 50 presidential actions, including executive...more
The Cozen Lens- •With Nikki Haley announcing her bid for the presidency last week, she represents the first of what will likely be several more announcements this year. Right now, the biggest unanswered question is whether...more
On August 2, President Donald Trump signed a two-year, $2.7 trillion budget agreement, raising spending limits and suspending the debt ceiling through July 2021. This agreement increases domestic and military spending by more...more
Outlook for This Week in the Nation's Capital - FY18 Appropriations Work Already Underway. Since the passage of the bipartisan budget deal this past Friday, House and Senate Appropriations Committees have already begun...more
Another Shutdown? Congress needs to pass another short-term spending bill by Friday in order to keep the government open, but some House Republicans are against the plan for a fifth continuing resolution that would fund the...more
Another Continuing Resolution. Or Two? Within days of passing the CR to reopen the government, multiple Members of Congress expressed the possibility of needing another CR to fund the government after February 8. ...more
Shutdown Watch: 4 Days. The government will run out of money on Friday if it does not pass another short-term spending bill. Last week it looked like Congress was close to negotiating a short-term continuing resolution that...more
Another short-term continuing resolution is all but guaranteed as the current continuing resolution will expire later this month and budget talks last week did not result in a deal or hint at one in the near future. As the...more
House Majority Leader McCarthy informed members on Thursday that they should be ready to vote this evening on a motion to go to conference with the Senate on tax legislation, despite the House not scheduled to be in session....more
President Trump came to an agreement with congressional Democrats to extend FY17 federal appropriations and suspend the debt limit until December 8. The deal, which took congressional Republicans by surprise, was paired with...more
Congress returned after Labor Day for a busy September and acted quickly to avoid a government shutdown by passing stop gap funding for Fiscal Year (FY) 2018 and raising the debt ceiling. The already crowded congressional...more
Senate Again Delays Action on Remaining Appropriations Bill: The Senate has yet to schedule any mark-ups for next week for its remaining four appropriations bills (Clark Hill Insight). Senate Reaches Deal on Budget...more
House Finishes Work on Its Annual Appropriations Bills, For Now: The House narrowly passed a $1.2 trillion package of spending bills to fund the government for Fiscal Year 2018 by a vote of 211-198. Amendments offered to the...more
House and Senate Overwhelmingly Passed Legislation that Included a Short-Term Continuing Resolution, Lift of the Debt Ceiling, and Emergency Aid: The bill includes over $15 billion in disaster assistance for Hurricane Harvey...more
According to Treasury Secretary Steve Mnuchin, the U.S. will hit its debt limit at some point in late September. Congress has until then to raise the federal debt ceiling before the Department of the Treasury's so-called...more
CBO Confirms Size of Breach of Defense Cap for FY18 Bills: The House FY18 Omnibus Appropriations Bill scheduled to be taken up in September would bust the Defense cap by $72 billion. This would cause the Office of Management...more
US Budget Deficit Narrowed to $42.9 Billion in July: The federal budget deficit fell sharply in July from a year earlier, largely because of a quirk in the calendar. The U.S. Treasury Department said that the budget gap came...more
McConnell Sets Next Senate Vote for Sept. 5 (The Washington Post). House Set to Bundle 8 Leftover Spending Bills in September: Republicans are set to tackle remaining appropriations bills after returning from August recess,...more