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$1.5T In Tax Cuts, $5T Debt Limit Hike—What You Need To Know

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U.S. Senate Republicans released an updated budget resolution Wednesday that sets a May 9 deadline for more than a dozen committees to approve their slice of the massive package that will permanently ...
From Government Executive
Senate Republicans have unveiled a budget blueprint they hope to pass as they look to enact key elements of President Trump's domestic policy agenda.
From Boise State Public Radio
The resolution is fuzzy on what senators are voting on now versus what will ultimately be in the reconciliation bill, as Roll Call reports: The measure would punt, for now, on the overall size of off...
From New York Magazine

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Senate Unveils Plan to Fast-Track Tax Cuts, Debt Limit Hike
Senate Republicans unveiled a budget blueprint designed to fast-track a renewal of President Donald Trump’s tax cuts and an increase to the nation’s borrowing limit, ahead of a planned vote on the resolution later this week.
Senate Republicans release budget blueprint with new tax cuts and $5 trillion debt limit hike
Senate Republicans released a new budget blueprint Wednesday that would pave the way for $1.5 trillion in new tax cuts in addition to making President Donald Trump’s 2017 tax cuts permanent.
Senate GOP budget resolution sets stage for raising debt limit by as much as $5 trillion
The 70-page budget resolution, however, includes different guidelines for the House and Senate committees, allowing GOP leaders to sidestep their differences on policy for the moment, but not the long haul.
Senate Republicans move forward with their budget plan to promote Trump's agenda
If passed, the package could become a hallmark of President Trump's second term. But a number of obstacles remain ahead.
Senate Republicans release budget blueprint with new tax cuts and a $5 trillion debt limit hike
Senate Republicans released a new budget blueprint Wednesday that would pave the way for $1.5 trillion in new tax cuts in addition to making President Donald Trump’s 2017 tax cuts permanent.
Trump gives GOP senators his support as they charge ahead on tax package and spending cuts
Senate Republicans said they are pushing ahead on President Donald Trump’sbig bill of tax breaks and spending cuts this week, even
Senate Republicans Decide Against Having a Real Budget
There are huge differences between the House and the Senate on taxes, spending, and debt levels. Republicans have decided to ignore them for now.
Senate GOP releases Trump agenda blueprint with spending fight unresolved
HOUSE REPUBLICANS SCOFF AT SENATE FOR ‘UNSERIOUS’ SPENDING CUT TARGET. Two months earlier, Senate Republicans approved a budget blueprint that excluded the tax portion but rev
Senate takes up a budget plan crafted by Republicans to advance Trump's agenda
The Senate is diving into a contentious debate on a budget plan critical to Republican efforts to pass trillions of dollars in tax cuts and boost border security and defense
Why Trump Is Right About Ending The Debt Ceiling
The debt ceiling does nothing to control spending—and puts the U.S. economy at risk. Congress should eliminate this outdated and dangerous policy.
Congress is on the clock to raise the debt ceiling to avoid default
The consequences of failing to raise the debt ceiling are astronomical and could cause the government to miss payments on its debt once it runs out of funds through the “extraordinary measures”
Committee for a Responsible Federal Budget4dOpinion
Debt Ceiling Needs to be Raised in Advance of X Date
Recent reports from the Congressional Budget Office (CBO) and the Bipartisan Policy Center estimate that the debt ceiling, which was reinstated on January 2, will need to be lifted in advance of the “X date,” projected to be reached in the late summer, in order to avoid default.
US could run short of money to pay its bills by August without a debt limit deal, CBO says
The United States is on track to hit its statutory debt ceiling — the so-called X-date when the country runs short of money to pay its bills— as early as August without a deal between lawmakers and the White House.
US could hit debt ceiling as early as mid-July, study shows
The US could default on its $36 trillion debt as early as July and no later than October without congressional action, according to a study released Monday.
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U.S. could face default by August if Congress doesn't address debt ceiling, budget office says
The federal government could be unable to pay its bills as soon as August if Congress doesn't act, the Congressional Budget Office estimated.
Senate, House GOP split over size of debt-limit increase
A major discrepancy has already arisen between Senate and House Republicans in the budget resolution they plan to adopt in order to pass President Trump’s domestic agenda. The 70-page
Republicans reach ‘consensus’ on raising the debt limit with single, filibuster-proof bill
Senate Republicans had previously endorsed a two-track approach, with the second bill focusing just on renewing the 2017 Tax Cuts and Jobs Act.
Committee for a Responsible Federal Budget1d
How Much Did President Biden Add to the Debt?
Over the four years of President Biden’s term – from January 2021 through January 2025 – we estimate that he approved $4.7 trillion in new ten-year debt through legislation and exe
Debt limit time crunch could test both parties
House Democrats are sending an early warning shot as the government’s borrowing window inches to a close: winning Democratic support for a debt-ceiling hike will come at a cost for Republicans.
Slow US Tax Collections Spark Angst About Debt Ceiling X-Date
Tax collection projections are down. Refunds are up. That’s a formula that could dampen US government revenue and, if it persists, portend an earlier deadline for Congress to raise the debt ceiling — or risk a federal payments default.
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