Debt Ceiling Fight Creeps Closer with Today's Budget Proposal

President Biden travels to Philadelphia today to release his FY ’24 budget proposal.  For budget nerds, it is one of the biggest days of the year.  Thousands of pages of tables, charts, and numbers.  They can talk about “baselines” and “budget windows” and discover spending nuggets hidden deep inside the supporting documents.  For the rest of us, the President’s budget is DOA on Capitol Hill – as it is every year.  That doesn’t mean the Administration’s budget proposal is not significant – it is especially important this year.

With the debt ceiling fight looming later this year, the release of the President’s budget is an important and much-anticipated step in the process of getting to a negotiation over the debt ceiling.  Both sides hope to gain political leverage from the document.  And the debate is becoming clearer.  To address the deficit and debt:

  • President Biden wants to raise taxes
  • Congressional Republicans want to cut spending

President Biden and congressional Democrats believe the American people will reject spending cuts to popular programs.  Congressional Republicans believe the American people will reject big government spending and the tax increases needed to pay for it.  The next step will be for House Republicans to produce their budget proposal, which will further clarify the competing approaches.  There’s a long way to go, but not much time to get there before serious and specific negotiations need to begin to avoid a default.


Biden budget seeks big deficit cuts in challenge to GOP 

The Associated Press 

By Josh Boak 

March 9, 2023 

Exclusive: Australia expected to buy up to 5 Virginia class submarines as part of AUKUS 


By Idrees Ali, Phil Stewart and Steve Holland 

March 8, 2023 – 7:02pm 

US intelligence chiefs testify on China's influence and challenges of investigating COVID-19 

The hearing also touched on possible risks from TikTok and more. 

ABC News  

By Luke Barr and Matt Seyler 

March 8, 2023 – 2:00pm 

Science takes back seat to politics in first House hearing on origin of COVID-19 pandemic 

Familiar arguments aired in yet another Republican and Democratic sparring match 


By Jon Cohen 

March 8, 2023 – 6:30pm 

House votes down Gaetz bill to withdraw troops from Syria 

Defense News 

By Bryant Harris 

March 8, 2023 – 6:01pm 

Veterans deliver emotional, scathing testimony about 'disastrous' Afghanistan withdrawal 

The House Foreign Relations Committee is holding a hearing on the Afghanistan exit as part of the new Republican majority's pledge to probe the Biden administration's failures. 

NBC News 

By Scott Wong 

March 8, 2023 – 1:14pm 

Five takeaways from Powell’s House testimony 

The Hill 

By Karl Evers-Hillstrom 

March 8, 2023 – 2:46pm 

U.S., EU to Start Trade Negotiations on Minerals 

President Biden and European Commission President Ursula von der Leyen are set to discuss a plan to reduce their dependence on China 

The Wall Street Journal 

By Andrew Duehren 

March 8, 2023 – 6:36pm 

Scalise: Broad GOP energy package to House floor this month 

Bills would ease regulation, speed project permitting and support liquid natural gas exports 

Roll Call 

By Benjamin J. Hulac 

March 8, 2023 – 1:55pm 

Congress overturns D.C. crime bill with President Biden's help 

By Susan Davis 

March 8, 2023 – 7:30pm