Fiscal Responsibility Act Archives

Legal Battles Leave Natural Gas Pipeline in Virginia Short

July 17, 2023July 16, 2023 The Center Square

With the passage of the Fiscal Responsibility Act in June, it looked like the Mountain Valley Pipeline would finally be completed in Virginia, but environmental groups are fighting back in a legal battle that could end up at the Supreme Court.

The Mountain Valley Pipeline (MVP) is a natural gas pipeline routed to run 303 miles from Wetzel County in northern West Virginia to Pittsylvania County in southern Virginia. Mountain Valley, LLC, began construction in 2018 and, by November 2021, had completed 270 miles of the pipeline. At that time, the company planned to finish the project by the summer of 2022.

Biden Signs Debt Limit Deal Two Days Before Default Deadline

June 3, 2023 Just the News

President Joe Biden signed the Fiscal Responsibility Act into law Saturday, the White House announced. This legislation, H.R. 3746, raises the debt ceiling and avoids a potential catastrophic economic fallout two days before what Treasury Secretary Janet Yellen referred to as the default deadline.

DeSantis Blasts McCarthy Over Budget Deal for ‘Careening Towards Bankruptcy’

May 29, 2023 Admin

by Harold Hutchison Republican Gov. Ron DeSantis of Florida ripped House Speaker Kevin McCarthy early Monday over the debt ceiling deal, calling it “totally inadequate” when it came to addressing spending. “Prior to this deal, Kayleigh, our country was careening toward bankruptcy and after this deal, our country will…

McCarthy-Biden Debt Deal Eliminates Unspent COVID Funds, Blocks IRS Expansion and Reforms Permitting

May 28, 2023 Just the News

The debt limit deal struck late Saturday between House Speaker Kevin McCarthy and President Joe Biden rolls back some of Washington’s massive spending while delivering other conservative priorities like blocking new taxes and requiring some welfare recipients to work, according to a summary obtained by Just the News.

McCarthy described the deal as an “agreement in principle,” and it rolls back domestic spending to fiscal year 2022 levels while limiting “top line federal spending to 1% growth for the next 6 years.”