New analysis from BPC’s economic policy team projects that this budget agreement will cause a federal government deficit of more than $1 trillion next year.
With Congress also debating an omnibus appropriations package and contentious immigration issues, even a swing of days on the “X Date” timing could make a big difference.
The U.S. Treasury Department made a series of recommendations in its recent report including highlighting opportunities for insurance regulatory reform.
Absent action by Congress to extend the debt limit, BPC previously estimated that the “X Date” could arrive sometime in March.
The Treasury Department’s latest statement on the debt limit is in line with the Bipartisan Policy Center’s analysis.
When President Trump recently outlined his administration’s approach to Iran, he called for addressing “the full range of Iran’s destructive actions” beyond just the nuclear issue. The first step was calling on Treasury to further sanction the entire Islamic Revolutionary…
There are serious concerns about the systemic risks posed by the non-bank sector and these concerns should be addressed through proper regulation.