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…
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…
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…
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