Debt limit

South Dakota's all-Republican congressional delegation, from left: Sen. John Thune, Rep. Dusty Johnson and Sen. Mike Rounds. (Photos courtesy of Thune/Johnson/Rounds offices; composite by South Dakota Searchlight)

Congressional Roundup: SD delegation unanimous in support for debt limit deal

BY: - June 2, 2023

South Dakota’s three members of Congress expressed varying levels of enthusiasm for the deal to avert a default on the national debt, which all three voted for this week. Rep. Dusty Johnson was featured in an NPR story Thursday that credited “low-key lawmakers” like him for getting the bill through the House of Representatives. Johnson […]

The U.S. Capitol building is seen on Oct. 22, 2021, in Washington, D.C. (Photo by Anna Moneymaker/Getty Images)

U.S. Senate sends Biden debt limit legislation ahead of Monday default deadline

BY: - June 1, 2023

WASHINGTON — The bipartisan debt limit bill is on its way to President Joe Biden after the U.S. Senate voted Thursday to clear the measure for his signature. The 63-36 vote followed several amendment votes, all of which were rejected. Biden is expected to quickly sign the package, preventing a default on the debt that […]

The U.S. Capitol. (SkyNoir Photography by Bill Dickinson/Getty Images)

U.S. House approves debt limit package, sending it to Senate days before default deadline

BY: - May 31, 2023

WASHINGTON — The U.S. House took a broadly bipartisan vote Wednesday night on the debt limit package, sending it to the U.S. Senate where lawmakers are expected to vote quickly to clear the measure. The bill would suspend the nation’s borrowing limit through Jan. 1, 2025 and set caps on discretionary spending for two years. […]

A sign noting the acceptance of electronic benefit transfer (EBT) cards that are used by state welfare departments to issue benefits is displayed at a grocery store in 2019 in Oakland, California. (Justin Sullivan/Getty Images)

New work requirements for some SNAP recipients included in debt limit deal

BY: - May 30, 2023

WASHINGTON — The holiday weekend debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy preserves in part new work requirements for some food stamp recipients but now with exceptions for certain populations, including veterans. The agreement released late Saturday night showed concessions from both sides — from GOP members, who wanted […]

U.S. House Speaker Kevin McCarthy, a California Republican, holds a press conference inside the U.S. Capitol’s Statuary Hall on the debt limit and government spending negotiations on May 24, 2023. (Jennifer Shutt/States Newsroom)

Debt limit deal hits turbulence in Congress as leaders prep for vote

BY: and - May 30, 2023

WASHINGTON — Congress began moving the bipartisan debt limit package forward Tuesday, though frustrations with provisions in the bill could make for narrow passage in the U.S. House and U.S. Senate. Conservative Republicans and progressive Democrats both aired their disappointment with the agreement forged over the weekend, but only GOP lawmakers are looking to possibly […]

U.S. House Speaker Kevin McCarthy, front, with GOP Rep. Garret Graves of Louisiana at left, speaks briefly to reporters about a deal to avoid a default on the nation's debt he said has been reached with the White House, on May 27, 2023. (Screenshot from speaker's office webcast)

Biden, McCarthy say they have brokered a debt limit deal to avert U.S. default

BY: and - May 27, 2023

WASHINGTON — House Speaker Kevin McCarthy announced a deal in principle Saturday night that would stave off a first-ever default on the nation’s debt as long as it can clear both chambers of Congress before June 5. The agreement would address the nation’s debt limit and include a “historic” reduction in spending, McCarthy said, though […]

Treasury Secretary Janet Yellen gives a speech on the economy at Ford Rouge Electric Vehicle Center on Sept. 8, 2022, in Dearborn, Michigan. (Sarah Rice/Getty Images)

Treasury secretary pinpoints June 5 as earliest date for U.S. debt default

BY: - May 26, 2023

WASHINGTON — Republicans in Congress and the Biden administration have until at least June 5 to broker and enact a debt limit bill under new estimates from the Treasury Department, giving negotiators a few more days before the country would default. “Based on the most recent available data, we now estimate that Treasury will have […]

President Joe Biden speaks during a news conference following the Group of Seven (G-7) leaders summit on May 21, 2023, in Hiroshima, Japan. (Kiyoshi Ota-Pool/Getty Images)

Progressives try to persuade Biden to use the 14th Amendment to resolve debt crisis 

BY: - May 23, 2023

WASHINGTON — Progressives are pushing hard for President Joe Biden to take the unprecedented step of invoking the 14th Amendment as a way to avoid financial calamity if the White House and House Speaker Kevin McCarthy do not strike a deal on the debt ceiling in the coming days. The lawmakers and legal scholars argue […]

President Joe Biden speaks during a news conference following the Group of Seven (G-7) leaders summit on May 21, 2023, in Hiroshima, Japan. (Kiyoshi Ota-Pool/Getty Images)

Biden says he’s offered $1 trillion in spending cuts but GOP won’t budge on debt limit

BY: - May 21, 2023

WASHINGTON — President Joe Biden said Sunday his administration has offered $1 trillion in spending cuts as part of the ongoing talks with Republicans around a budget agreement, but he said no deal has yet been reached.  Biden, speaking from Japan during a press conference following the G7 summit, said his administration wants House Speaker […]

The U.S. Capitol building is seen on Oct. 22, 2021, in Washington, D.C. (Photo by Anna Moneymaker/Getty Images)

Overhaul federal permitting as part of the debt limit deal? Not as easy as it sounds.

BY: - May 18, 2023

Congressional leaders negotiating a deal to avoid a catastrophic default on the nation’s debt are talking about including an overhaul of how the federal government reviews projects for their environmental impact. There is bipartisan support for changes to the lengthy environmental approval process among climate-minded Democrats eager to speed construction of renewable energy projects, as […]

President Joe Biden speaks in the South Court Auditorium at the White House complex Feb. 16, 2023, in Washington, D.C. (Drew Angerer/Getty Images)

Biden vows debt ceiling talks will continue while he’s overseas at G7 summit

BY: - May 17, 2023

WASHINGTON — President Joe Biden will remain in “constant contact” with debt ceiling negotiators and promised to update the nation Sunday upon his return from a shortened trip to Asia for the G7 economic summit. Biden delivered brief remarks Wednesday before departing on a scheduled trip to Japan that will no longer include stops in […]

U.S. House Speaker Kevin McCarthy outside the White House after talks on the debt limit with President Joe Biden and other congressional leaders, May 16, 2023. (Ashley Murray/States Newsroom)

Some movement reported in debt limit talks as Biden cuts short overseas trip

BY: and - May 16, 2023

WASHINGTON — President Joe Biden and congressional leaders struggled to find common ground on the debt ceiling during a Tuesday meeting, though lawmakers said afterward there was some progress toward a deal. Biden and U.S. House Speaker Kevin McCarthy will become the two primary negotiators on a bipartisan debt limit bill that could include other […]