The Latest Breaking News from Phillip L Swagel

Respected CBO staffer retires after nearly a half-century - Roll Call

One of the Congressional Budget Office’s longest-serving and most influential staffers, retired last week after 48 years on the job.

Roll Call · Sep 30, 2024

The Clock Is Ticking: U.S. Could Default on Debt Payments by June 1

It's time for President Joe Biden and House Speaker Kevin McCarthy to strike a deal that will avoid a default and cut spending.

Reason · May 2, 2023

Debt limit clouds outlook as Biden budget set to hit Thursday

WASHINGTON — President Joe Biden’s delayed budget for the upcoming fiscal year due Thursday will kick off what’s expected to be a lengthy battle over spending levels and priorities, with the debt ceiling deadline looming this summer casting a pall over the entire process.

Tribune News Service · Mar 9, 2023

Obscure law contains debt limit escape hatch for Social Security - Roll Call

It’s a time-worn argument for raising the debt limit: Without increased borrowing authority, Social Security checks would stop flowing.

Roll Call · Mar 2, 2023

Government will hit debt limit as soon as July, CBO says

WASHINGTON — The federal government will run out of cash to pay all its bills sometime between July and September unless the statutory debt limit is lifted, the Congressional Budget Office warned Wednesday.

Tribune News Service · Feb 15, 2023

CBO: Debt limit to hit as soon as July, budget picture worsens - Roll Call

The federal government could run out of cash to pay all its bills sometime between July and September unless the debt limit is lifted.

Roll Call · Feb 15, 2023

Don't Believe the White House's Promises About Who the New IRS Will Audit

Media "fact-checkers" are taking administration promises at face value and using them to bludgeon Republicans.

Reason · Aug 12, 2022

Medicare for All Would Be a Terrible Trade

Top-notch health care, delivered fast and for low cost, really isn’t on the government's menu.

Reason · May 18, 2022