Plenty of scenarios are being publicly and privately gamed out, but no one knows for sure how the debt limit standoff will end.
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Posted inNation & World, News, Politics
Biden, McCarthy head into showdown as debt limit crisis nears
The president will host the House speaker and other congressional leaders at the White House on Tuesday.
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Posted inTimes Record Opinion
The Conversation: Can Biden and McCarthy avert a calamitous debt default? 3 evidence-backed leadership strategies that might help
THE CONVERSATION — The U.S. is teetering toward an unprecedented debt default that could come as soon as June 1, 2023. In order for the U.S. to borrow more money, Congress needs to raise the debt ceiling – currently US$31.4 trillion. President Joe Biden has refused to negotiate with House Republicans over spending, demanding instead that Congress pass a stand-alone bill […]
Posted inNation & World, News, Politics
Democrats pressure Republicans on debt limit, spending cuts
No one expects the House’s bill, which would increase the nation’s borrowing authority as well as cut spending, will reach President Biden’s desk.
Posted inBusiness, Nation & World, News
Fed raises key rate but hints it may pause amid bank turmoil
The Federal Reserve raised its key interest rate by a quarter-point to the highest level in 16 years.
Posted inNation & World, News, Politics
Senate to hold hearings to highlight ‘reckless’ House Republican debt limit bill
The aim of the hearings on the House’s debt ceiling bill would be “to expose the true impact of this reckless legislation on everyday Americans,” the Senate majority leader said.
Posted inNation & World, News, Politics
With debt bill adopted, far-right House Republicans ready for fiscal war
Republicans formally put a plan in motion approving a measure that would cut spending by billions of dollars, impose new work requirements on welfare recipients and repeal federal funds meant to combat climate change.
Posted inBusiness, Nation & World, Politics
Pressure builds on Biden after House passes debt limit plan
Biden’s refusal to negotiate may not be a tenable position for the White House as the deadline nears for action.
Posted inBusiness, Nation & World, News, Politics
Biden blasts Republicans’ ‘wacko notions’ in debt limit standoff
Wednesday’s split-screen presentations vividly displayed how the president and House Speaker Kevin McCarthy are talking to 2 very different Americas.
Posted inBusiness, Nation & World, News
New estimate finds U.S. could face default on debt by early June
A new estimate finds the U.S. could face an unprecedented default on its obligations as soon as early June if Congress does not act to lift the debt limit.
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