The Latest Breaking News from Budget Committee

Four House Freedom Caucus members on the Budget Committee who held up the reconciliation package last week reversed course late Sunday night.

House Republicans’ “big, beautiful” reconciliation bill has a Texas-sized problem as it heads to the Budget Committee for a Friday markup.

WASHINGTON — The largest bloc of House conservatives offered up a fiscal blueprint Wednesday that promises to balance the federal budget in seven years, make GOP tax cuts permanent and slash domestic spending.

The plan would gradually raise the age at which future retirees can start claiming full Social Security benefits from 67 to 69.

Democrats stick to strategy of not negotiating until GOP has a budget plan.

The Diet approved a record 114.3812 trillion yen budget for fiscal 2023 on Tuesday, with measures to tackle the declining birth rate and enhance the nation's defense capabilities at the forefront of the plan.

The Kentucky House Budget Committee has acted to make revenue modifications, partly focusing on sales taxes and exemptions.

Prime Minister Fumio Kishida expressed appreciation Monday afternoon ahead of South Korea's announcement on measures to resolve the issue of lawsuits by former wartime requisitioned workers from the Korean Peninsula, saying, "We positively assess it as a means for restoring Japan-South Korea relations to a healthy state."

Foreign Minister Yoshimasa Hayashi did not attend the foreign ministers meeting of the Group of 20 leading economies held in India on Wednesday and Thursday in order to participate in the fiscal 2023 budget proposal deliberations at the House of Councillors Budget Committee.