The Senate late on June 1 voted to approve the Fiscal Responsibility Act of 2023, which would increase the national debt limit through early 2025 and avoid the government hitting its borrowing limit early next week. […]

Senate Majority Leader Chuck Schumer, D-N.Y., today pledged to waste little time in Senate consideration of the Fiscal Responsibility Act of 2023 bill approved by the House on Wednesday evening. […]

The agreement in principle reached over the weekend between the White House and House Speaker Kevin McCarthy, R-Calif., to increase the national debt limit through early 2025 would leave Federal civilian agencies living on smaller-than-proposed budgets for the next two years, with spending priorities for IT-related categories like modernization and cybersecurity under pressure along with other agency spending accounts. […]