The debt ceiling has routinely been raised over the years, a process that used to be uncontroversial. In today’s deeply divided Congress, that has changed.
debt limit
Posted inOp-eds, Opinion
Commentary: One cheer for another ugly debt-limit deal
The good news: Congress has avoided default. The bad news: Its stupidest law survives.
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Posted inBusiness, Nation & World
House sends debt limit hike to Biden, staving off default
The relief is temporary as Congress will have to revisit the issue in December.
Posted inBusiness, Nation & World, Politics
Congress foresees short-term debt fix amid perilous standoff
Buying time until December will allow Republicans to avoid the blame they would have gotten from some quarters for blocking a vote on a longer extension.
Posted inNation & World, News, Politics
Biden tells Republicans to ‘get out of the way’ of raising U.S. debt ceiling
The White House says Senate Republican Leader Mitch McConnell is needlessly posing a threat to the international credit of the federal government, potentially hurting financial markets and the broader economy.
Posted inEditorials, Opinion
Our View: Bipartisan redistricting effort shows Congress how lawmaking should work
When it comes to redrawing Maine’s electoral districts, nothing is to be gained from failing to work together.
Posted inEditorials, Opinion
Our View: Federal debt limit brink is nothing to play with
We should not lose sight of how catastrophic a default would be simply because we have come close before.