Economy
Affordable housing in Colorado mountain towns could get boost from Neguse proposals
A Colorado congressman has introduced a package of bills intended to improve access to affordable housing, particularly in Colorado’s rural mountain communities. U.S. Rep. Joe Neguse, a Lafayette Democrat, introduced two bills in the House of Representatives that would change aspects of the federal Low-Income Housing Tax Credit as well as how local communities can […]
U.S. Senate sends Biden debt limit legislation ahead of Monday default deadline
WASHINGTON — The bipartisan debt limit bill is on its way to President Joe Biden after the U.S. Senate voted Thursday to clear the measure for his signature. The 63-36 vote followed several amendment votes, all of which were rejected. Biden is expected to quickly sign the package, preventing a default on the debt that […]
New work requirements for some SNAP recipients included in debt limit deal
\WASHINGTON — The holiday weekend debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy preserves in part new work requirements for some food stamp recipients but now with exceptions for certain populations, including veterans. The agreement released late Saturday night showed concessions from both sides — from GOP members, who wanted […]
Debt limit deal hits turbulence in Congress as leaders prep for vote
WASHINGTON — Congress began moving the bipartisan debt limit package forward Tuesday, though frustrations with provisions in the bill could make for narrow passage in the U.S. House and U.S. Senate. Conservative Republicans and progressive Democrats both aired their disappointment with the agreement forged over the weekend, but only GOP lawmakers are looking to possibly […]
Outdoor recreation, tourism, energy industries in Colorado nervously eye debt-limit deal
AVON, Colo. — Memorial Day is the unofficial kickoff to the summer tourism season in Colorado’s high country, where cities and counties heavily reliant on outdoor recreation dollars on huge swaths of federally owned land are nervously watching Congress wrangle over the debt ceiling. About a third of Colorado is owned and managed by the […]
Biden, McCarthy say they have brokered a debt limit deal to avert U.S. default
WASHINGTON — House Speaker Kevin McCarthy announced a deal in principle Saturday night that would stave off a first-ever default on the nation’s debt as long as it can clear both chambers of Congress before June 5. The agreement would address the nation’s debt limit and include a “historic” reduction in spending, McCarthy said, though […]
Treasury secretary pinpoints June 5 as earliest date for U.S. debt default
WASHINGTON — Republicans in Congress and the Biden administration have until at least June 5 to broker and enact a debt limit bill under new estimates from the Treasury Department, giving negotiators a few more days before the country would default. “Based on the most recent available data, we now estimate that Treasury will have […]
10K Coloradans could lose jobs during national debt default, report says
The federal government is heading towards a potential default as leaders in Washington, D.C., fail to reach an agreement over the country’s debt limit, and the economic disruption that would follow could impact Coloradans. Economists in a recent report estimated thousands of Coloradans could lose their jobs even during a short-term national debt default. Treasury […]
With debt default as soon as a week away, U.S. House jets off for holiday break
WASHINGTON — U.S. House members walked down the steps of the Capitol building Thursday morning to head back to their districts for a Memorial Day recess that began exactly one week before the country could default on the debt. House Democrats took to the floor after the final vote of the week to give a […]
Debt limit recklessness rooted in growing right-wing nihilism
Republicans in the U.S. government are close to making the deliberate choice not to pay the nation’s bills. Much of the discussion around this malfeasance commonly involves smoothed-over terms like “debt limit” and “default.” But the plain truth demands phrases like “extortion” and “betrayal.” The Republicans who are solely responsible for the crisis can soberly […]
After years of bipartisan spending boosts, U.S. House GOP won’t lift debt ceiling without cuts
WASHINGTON — Republicans and Democrats in Congress together brokered dozens of debt limit agreements, including several during the past decade, marked by a desire in both political parties to increase federal spending. But U.S. House Republicans now are pushing for the federal government to spend less next year than it will this year in order […]
Biden student debt relief plan revoked in U.S. House vote
WASHINGTON — The U.S. House on Wednesday voted to overturn the Biden administration’s one-time student debt relief plan that is currently on hold awaiting a Supreme Court decision expected within weeks. Before the 218-203 vote on the resolution, the the White House said President Joe Biden would veto it, arguing that the U.S. Department of […]