debt limit

(AP Photo/Susan Walsh)FILE - In this photo March 22, 2013 file photo, the exterior of the Internal Revenue Service (IRS) building in Washington. Lawmakers are increasingly looking at boosting the IRS to help pay for infrastructure improvements. (AP Photo/Susan Walsh, File)

IRS faces $20B cut from modernization fund under debt ceiling agreement

The IRS is facing substantial cuts to funds meant to rebuild its workforce and modernize its legacy IT systems over the next decade, as part of a deal…

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How Congress plans to fill in the budget framework for 2022 appropriations

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Douglas Holtz-Eakin

The writers of this century-old law might not recognize how it is actually followed

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FILE - In this Wednesday, Oct. 16, 2013, file photo, the U.S. Treasury Building stands in Washington. On Tuesday, Feb. 16, 2016, the Treasury Department reports on foreign holdings of U.S. debt for December 2015. (AP Photo/J. David Ake, File)

Treasury eyes TSP’s G fund as stopgap way to avoid debt ceiling

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Jacob Lew

Debt limit to arrive 2 days early, Treasury secretary warns Congress

The federal government will reach its borrowing cap on Nov. 3, two days earlier than the Treasury Department first anticipated, according to Treasury Secretary…

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House GOP offers shutdown-debt plan, but no agreement yet

House Republicans are offering to pass legislation to avert a default and end the 11-day partial government shutdown as part of a framework that would…

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Amelia Brust/Federal News NetworkFederal Acquisition, GSA

Furloughs, debt ceiling and lobbying

On this week’s Capital Impact show, Bloomberg Government analysts discuss how the debt limit and furloughs are affecting the economy, and how a case being reviewed by the Supreme Court, could impact future elections.
October 10, 2013

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