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    Common Dreams. To inform. To inspire. To ignite change for the common good.
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    Common DreamsTo inform. To inspire. To ignite change for the common good.

    debt ceiling deal

    ​House Appropriations chairwoman Kay Granger.

    2024 House Appropriations Bills Slash Vital Programs

    The House bills are highly partisan and deviate sharply from the levels set in the bipartisan agreement to raise the federal debt limit in May.

    David Reich
    Nov 19, 2023

    The fiscal year 2024 appropriations bills approved by the House Appropriations Committee make major cuts in a wide range of domestic priorities. Among those hardest hit are programs crucial to the well-being of families with low incomes and their children, to public health, to job training and protection of workers’ rights, to a clean environment, and to fair administration of tax laws. The House bills are highly partisan and deviate sharply from the levels set in the bipartisan agreement to raise the federal debt limit in May.

    In contrast, the Senate-passed appropriations bills are lean but include substantially fewer cuts and rescissions (which take back already enacted funding), are largely consistent with agreed-on levels, and have strong bipartisan support. They offer a better path toward funding that meets national needs, although there are some programmatic areas where the Senate levels are too low to meet those needs, such as with WIC (the Special Supplemental Nutrition Program for Women, Infants, and Children) and housing assistance.

    Keep ReadingShow Less
    Opinion
    budget cuts
    cancel student debt protest

    62% of Student Loan Borrowers Say They're Likely to Boycott Repayments: Poll

    As resumption of educational debt repayment looms, more than 7 in 10 borrowers say they are taking on extra work, while half say they don't know whether they'll be able to make payments come October.

    Brett Wilkins
    Aug 16, 2023

    With U.S. federal student loan payments set to resume in a matter of weeks, more than 6 in 10 borrowers say they're likely to boycott repayments, an intelligent.com survey published Wednesday revealed.

    Nearly half of the 1,000 borrowers surveyed believe boycotting could lead to all student debt being forgiven, while 3 in 4 respondents also said they think a boycott would be "somewhat" or "highly" likely to help elect politicians who support loan forgiveness.

    Keep ReadingShow Less
    News
    student debt
    Kevin McCarthy

    Progressives Say IRS Cuts Should Be 'Off the Table' as GOP Reneges on Debt Ceiling Deal

    With House Republicans pledging to limit new spending on a range of programs, Democrats are "no longer obliged to move forward with the IRS cuts" in the handshake deal, said more than a dozen groups.

    Julia Conley
    Jul 14, 2023

    More than a dozen economic justice groups on Friday called on the U.S. Senate Appropriations Committee to move forward with fully funding the Internal Revenue Service, arguing that Republican actions have nullified a debt ceiling deal struck by the Biden White House and GOP leaders.

    Under the terms of the handshake agreement, the nation's borrowing limit was suspended for two years in exchange for a two-year limit on non-military spending—rescinding Covid-19 relief funds; clawing back more than $20 billion in IRS funding that was a signature element of the Democrats' climate and healthcare law, the Inflation Reduction Act (IRA); and enforcing new work requirements for recipients of nutritional and economic aid.

    Keep ReadingShow Less
    News
    debt ceiling

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