News & Analysis as of

Federal Budget Debt Ceiling

Brownstein Hyatt Farber Schreck

Senate Begins Vote-a-Rama on Revised Budget Resolution

On Thursday, April 3, the Senate voted 52-48 on the motion to proceed with debate on H.Con.Res.14, the Senate’s new fiscal year (FY) 2025 budget resolution, triggering a statutorily required 20 hours of debate. Both the House...more

Cozen O'Connor

Cozen Currents: Trump's Full Court Press

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“Despite the myriad factions among congressional Republicans, President Donald Trump has for the most part imposed his will on GOP lawmakers. He is now shifting his focus to the independent judiciary.” — Howard Schweitzer,...more

Alston & Bird

Look Ahead to the Week of March 24, 2025: The Rush to Resolve Competing Budget Resolutions

Alston & Bird on

Both chambers are in session this week, although the House will pause its voting schedule so members can travel on Wednesday for the funeral of Rep. Raúl Grijalva (D-AZ)....more

Baker Donelson

[Webinar] Financial Services Regulation and Legislation in the Trump 47 Administration - March 6th, 10:00 am - 11:00 am CT

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This session will provide insights for financial services entities regarding: (1) interpretation of the impact of the recent Executive Orders and early actions of the appointees; (2) status on key appointees and their Day 1...more

Brownstein Hyatt Farber Schreck

Senate Concludes Vote-a-Rama

The Senate approved S.Con.Res.7 in the early morning hours of Friday, Feb. 21, concluding a vote-a-rama that began the night before and lasted over 10 hours. The final vote was 52-48, with Sen. Rand Paul (R-KY) joining...more

Cozen O'Connor

Cozen Currents: The GOP's Elusive Spending Cuts

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“Despite all the discussion of spending cuts under the new unified GOP control in Washington, two words that President Trump did not utter even once during his inaugural address: deficit reduction.” — Howard Schweitzer, CEO,...more

Fisher Phillips

What Employers Should Expect from the Final Days of the 118th Congress

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Fresh off the Thanksgiving holiday recess, congressional lawmakers returned to Washington to close out the remaining days of the 118th Congress. While members often have their own specific priorities, the final three weeks of...more

Allen Matkins

Significant Changes to the National Environmental Policy Act - 2024 Land Use, Environmental & Natural Resources Update

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As part of the Fiscal Responsibility Act (also known as the debt ceiling bill) in June 2023, Congress made the most significant revisions to the National Environmental Policy Act (NEPA) since the statute was enacted in 1970....more

Husch Blackwell LLP

Dusting off the Government Shutdown Playbook

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Once again, the threat of a government shutdown looms over federal contractors and grantees. If Congress does not pass a continuing resolution or other funding legislation before midnight on Saturday, agencies will lack...more

Holland & Knight LLP

Holland & Knight Defense Situation Report: June 2023

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Welcome to Holland & Knight's monthly defense news update. We are excited to bring you the latest in defense policy, regulatory updates and other significant developments. ...more

WilmerHale

Debt Ceiling Law’s Permitting Reform Elements Promise Benefits for Project Applicants

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Legislation recently enacted to raise the federal debt ceiling (the Fiscal Responsibility Act of 2023 or FRA) includes major permitting reforms with the potential to streamline federal environmental reviews under the National...more

Polsinelli

Congress Clears Major Agreement to Avert Debt Default

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Deal Includes Significant New Regulatory Provisions - Days ahead of the Treasury Department’s projected default date, the U.S. House and Senate cleared a bipartisan package to raise the debt ceiling, extend the country’s...more

Downey Brand LLP

The Fiscal Responsibility Act’s Modest NEPA Amendments to Streamline Project Review

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On June 3, 2023, President Biden signed the Fiscal Responsibility Act of 2023 (“FRA”) into law, extending the U.S. debt limit into 2025. As part of the Congressional deal, FRA also contains amendments to the National...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Beltway Buzz - June 2023 #2

Debt Limit Done. Now What? With the Fiscal Responsibility Act of 2023 in the rearview mirror, this week the U.S. Congress turned to other matters. The U.S. Senate spent the week focusing on nominations to federal agencies. ...more

Venable LLP

NEPA Amendments: Highlights and Practical Implications

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The Fiscal Responsibility Act of 2023 most notably raised the debt ceiling. But the legislation also made substantive changes to the National Environmental Policy Act (NEPA), with an eye toward simplifying and streamlining...more

Latham & Watkins LLP

Congress Advances Federal Environmental Permitting Reform in Fiscal Responsibility Act of 2023

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The reform mainly focuses on streamlining and narrowing the scope of environmental review at the federal level. On June 3, 2023, President Biden signed legislation implementing the bipartisan debt ceiling and budget...more

Husch Blackwell LLP

The Debt Ceiling Standoff and NEPA: New Changes to the NEPA Review Process

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An increased borrowing limit for the U.S. was not the only change brought about by the recently enacted Fiscal Responsibility Act of 2023. The National Environmental Policy Act (NEPA) review process was also on the minds of...more

Holland & Knight LLP

Permitting Reform Outlook, Based on Provisions from Debt Ceiling Compromise

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Efforts to pass federal permitting reform heated up in the previous Congress and continue to be a top priority, with Republicans in the U.S. House of Representatives kicking off their agenda with the Lower Energy Costs Act...more

BakerHostetler

The Weekly Hill Update - June 2023

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Below is this week’s congressional update by BakerHostetler’s Federal Policy team. We’ll continue to post in weeks when both chambers of Congress are in session....more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Beltway Buzz - June 2023

Debt Ceiling Disaster Dodged. After months of political posturing, weeks of negotiating, and days of nail-biting, the U.S. Congress approved legislation to lift the debt limit to ensure continued payment of the nation’s...more

McDermott+

McDermottPlus Check-Up: June 2, 2023

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THIS WEEK’S DOSE - The House’s scheduled Memorial Day recess was cut short after President Biden and House Speaker McCarthy (R-CA) announced last weekend that they had reached a deal on raising the debt limit. The House...more

Holland & Knight LLP

Holland & Knight Defense Situation Report: May 2023

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Welcome to Holland & Knight's monthly defense news update. We are excited to bring you the latest in defense policy, regulatory updates and other significant developments. ...more

Holland & Knight LLP

Breaching the Federal Debt Ceiling: Healthcare Implications

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The federal statutory debt limit is currently set at $31.4 trillion. As congressional Republicans and President Joe Biden continue to haggle over a budget agreement that would include an increase in the debt ceiling, the date...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Beltway Buzz - May 2023 #3

Debt Ceiling Debate Deadlock. Over the years, the Buzz has bemoaned our elected officials’ penchant for brinksmanship, but the current situation is getting ridiculous. Once again, negotiations over raising the debt ceiling...more

Husch Blackwell LLP

Implications of the Debt Ceiling for Government Contractors

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The ongoing debt ceiling negotiations are approaching the “X Date” with little certainty of a resolution. The X Date, the date on which the U.S. Government runs out of money to pay all of its bills, is estimated to be June 1....more

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