The Latest Breaking News from IRS

First Thing: Bill to raise debt ceiling passes days before default

The House passed a deal brokered by Joe Biden and Republican House speaker Kevin McCarthy with a final vote of 314 to 117

The Guardian - UK · Jun 1, 2023

Which Retirement Accounts Should You Withdraw From First?

Here’s a standard order for when you should tap which account when you’re in retirement.

Kiplinger · Jun 1, 2023

Republicans get their IRS cuts; Democrats say they expect little near-term impact

While Republicans seek to make good on campaign promises to cut IRS funding through the proposed debt ceiling and budget cuts package now moving through Congress, Democrats are offering assurances that the spending cuts will have little impact on the federal tax collector

The Independent UK · Jun 1, 2023

Where the debt ceiling debate hits you at home and in the bank

It’s not just another case of political bickering, as money Americans get from a wide range of programs is at stake.

Chicago Sun-Times · May 31, 2023

14 U.S. House Republicans from Texas vote against raising the debt limit

Joined in opposition by four Texas Democrats, the “no” votes weren’t enough to sink the proposal, which next heads to the U.S. Senate.

The Texas Tribune · May 30, 2023

US debt limit deal: How we got here

Bipartisan deal to raise debt ceiling and avoid ‘disastrous’ default heads to US Congress after weeks-long impasse.

Al Jazeera · May 30, 2023

First Thing: White House pushes for support on debt ceiling deal

Some in Congress question if they received enough concessions in bipartisan deal. Plus, Cop28 president accused of ‘greenwashing’

The Guardian - UK · May 30, 2023

Bipartisan debt limit package unveiled as clock ticks toward 'x date' - Roll Call

House GOP leaders released the legislative text of their deal with the White House to suspend the debt ceiling until 2025.

Roll Call · May 28, 2023

What’s in the cliffhanger deal struck by Biden and McCarthy to raise the debt limit?

Agreement will prevent US from defaulting on loans and losing credit rating

The Independent UK · May 28, 2023

Debt Ceiling Deal Curtails GOP-Backed Budget Cuts, Spending Caps

The deal will freeze non-military discretionary spending this year and allow a 1 percent increase in 2024.

Reason · May 28, 2023