The Fiscal Responsibility Act of 2023 resulted from a good-faith effort on both sides of the negotiating table to hammer out a solution to the debt ceiling crisis that would avoid a default. That’s a good outcome, according to Office of Management and Budget Director Shalanda Young, even though some may be disappointed with the…
‘No One Gets Everything They Want’ on Debt Ceiling Deal, Budget Director Says
May 30, 2023
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Office of Management and Budget Director Shalanda YoungPoliticsUSUS debt ceilingUS President Joe Biden
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White House Turns Up Heat on Debt Negotiation Ahead of May 16 Meeting
The Biden administration turned up the heat on budget ceiling negotiations set for May 16 by releasing a pair of statements highlighting the urgency of a possible default on the nation’s financial obligations and detailing the spending cuts necessary to meet Republican budget targets. Treasury Secretary Janet Yellen had notified Congress on May 15 that…
OMB Director Young Defends Biden’s Budget Plan at House Budget Committee Hearing
March 24, 2023
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congressFY 2024 Budget ProposalHouse Budget CommitteeOffice of Management and Budget Director Shalanda YoungPoliticspresident joe bidenUS
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While talks between President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) about spending cuts as a condition for increasing the debt ceiling remain at a stalemate, House Republicans and Democrats are divided in their viewpoints about Biden’s fiscal year 2024 federal budget proposal. On March 23, Office of Management and Budget Director Shalanda Young…
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