The debt limit (or debt ceiling) is the total amount of outstanding debt that the US Department of the Treasury can incur. The so-called “X-date” is the day on which the Department would no longer be able to pay interest to bondholders on existing debt or to incur new debt if doing so would exceed … Continue Reading
On March 9, President Biden revealed his annual budget proposal for Fiscal Year (FY) 2024. The Budget requests both discretionary and mandatory resources to “out-compete China and advance American prosperity globally.”… Continue Reading
Yesterday, President Joe Biden put forward an outline of his Fiscal Year 2024 Budget Request to Congress, laying out his funding and policy priorities and recommendations for the fiscal year that begins on October 1. Not surprisingly, Republicans uniformly panned it, and Democrats embraced it. Political obstacles stand in the way of Congress passing a … Continue Reading
