ASAToday for July 3rd, 2025

Debt Ceiling Debate Continues Last week, the Treasury Department announced that it will begin to implement special accounting measures to delay the date when the U.S. will no longer be able to pay its obligations.  Republicans continue strategizing how to deal with the debt limit before hitting that date.  One option under consideration is to…

House Timing on Budget Resolution Speaker Johnson (R-LA) continues to push a very ambitious timeline for enactment of a budget reconciliation package.  Last week, he announced that Congress will pass a budget resolution, the first step that sets topline spending figures and unlocks the special reconciliation process, by the end of February. Per his schedule,…