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The director of the nonpartisan Congressional Budget Office warned House lawmakers Wednesday that the ballooning national debt and the cost of paying interest on it could become an existential threat to the U.S. economy. "Rising interest costs will crowd out other possible uses of government resources, and then also pose a risk to our economic stability" in the coming decade, CBO director Phillip Swagel told the budget committee at a hearing on Capitol Hill. Swagel's testimony centered around CBO's semi-annual report on the federal budget and the economy, released Feb. 7. The CBO report projected that the yearly U.S. budget deficit would gro
Democrats aren't just breathing a sigh of relief after flipping a red seat blue in New York's special election — they're taking notes. Tom Suozzi soundly defeated Republican challenger Mazi Pilip on Tuesday night in the high-profile race to replace scandal-plagued former Rep. George Santos, who was expelled in December. Suozzi's victory narrows the House Republican majority, making life even more difficult for Speaker Mike Johnson, R-La., who has already struggled to pass bills along party lines. President Joe Biden and his reelection campaign are hailing the win as a sweeping repudiation of a
The United States has informed Congress and its allies in Europe of new intelligence about Russian nuclear capabilities that could pose an international threat, according to officials briefed on the matter.
The White House’s review of whether to release a transcript of a special counsel’s interview of President Biden that set off a political furor is being complicated by the sensitive material it covers, including classified information, security measures and discussions that could be subject to executive privilege, people familiar with the matter said.
House Speaker Mike Johnson on Wednesday poured cold water on Democrat Tom Suozzi's win over Republican Mazi Pilip in New York's 3rd Congressional District, waving off the defeat despite the fact it will make their razor-thin majority even tighter.
The White House's national security adviser and leading lawmakers on Capitol Hill sought to allay public concerns on Wednesday after the House Intelligence Committee chairman warned of a «national security threat» related to a «destabilizing foreign military capability» so serious that President Joe Biden should declassify «all information» about it.
The head of the House intelligence committee said on Wednesday he had information about a serious national security threat and urged the administration to declassify the information so the US and its allies can openly discuss how to respond.