Treasury Department

Obama Looks to Congress on Panama Papers

McConnell Waits for House to Act on Debt Limit

“Obviously we don’t prefer a clean debt ceiling,” McConnell said. “We’ll have to see what the House sends over, and we’ll act accordingly.”

Senate Budget Talk on Hold for Debt Limit

Senate Democrats have no interest in discussing a budget deal until the threat of a debt default is off the table.

The current continuing resolution keeping the government funded will run out on Dec. 11, and while budget talks have been underway, that issue, including the identification of offsets for a potential two-year agreement, seems to be taking a backseat to the more urgent debt situation.

Shaheen to Obama: Put a Woman on the $20 Bill
"Fully within the administration's powers."

There’s one executive action President Barack Obama could take that appears to be gaining momentum — putting a woman on the $20 bill.

On Thursday, eight Democratic senators led by Jeanne Shaheen of New Hampshire wrote to Obama to get on with it, and not wait for Congress to act on bills led in the Senate by Shaheen and in the House by Rep. Luis V. Gutierrez, D-Ill.

Treasury Skips Cruz Obamacare Hearing
Texas Republican slams administration for "arrogance."

A Senate Judiciary subcommittee hearing on the Affordable Care Act got off to an odd start Thursday, when Sen. Ted Cruz, R-Texas, gaveled in without any witnesses.