The U.S. reached its $16.4 billion credit limit on Dec. 31. Treasury Secretary Timothy Geithner has begun to shuffle obligations around to avoid a default on the debt, but those measures can only be used for a matter of weeks. {mosads}For the GOP, the debt-ceiling fight comes at an ...
Deadline Looming, Lawmakers Look to Debt Ceiling
Republican House Speaker Kevin McCarthy speaks to the press after a meeting with President Joe Biden on debt ceiling in Washington, D.C., the United States, May 22, 2023.(Photo by Aaron Schwartz/Xinhua)"Political partisanship has brought about repeated debt-limit brinkmanship and led to near-...
As debt ceiling deadline looms, default or compromise?doi:10.1007/978-94-009-9761-5_37The transition occurring in present-day physics from the idea of a strict and regular connection between individual events to the statistical lawfulness of mass phenomena is regarded by many as a violation of...
After Senate passage, the Democratic-led House is expected to pass the measure and send the bill to President Joe Biden’s desk for his signature either late Tuesday or early Wednesday – the day of the deadline. The debt ceiling votes will clear a major must-pa...
Mark Zandi, chief economist of Moody's Analytics, says uncertainty over the upcoming debt ceiling debate and potential fallout from a failure to raise it have businesses worried. Markets could begin to begin to feel the impact before the deadline is
Lawmakers look to finish work on some fiscal 2024 appropriations bills important to agriculture this week, as newly elected House Speaker Mike Johnson and other congressional leaders face a looming deadline for keeping the government open amid deep parti
Using the budget reconciliation process, however, is a red line for Senate Majority Leader Chuck Schumer of New York and House Speaker Nancy Pelosi of California. After Democrats unsuccessfully tried to raise the debt ceiling by themselves in the Senate, party leaders are running...
Government shutdowns and debt ceiling showdowns now occur on a regular basis. They grab headlines and motivate activists on both sides of the nation's political divide. But they change nothing – at least when it comes to the trajectory of federal finances. Government spending doesn't get cu...
Published 10:51 AM GMT+8, May 27, 2023 Share WASHINGTON (AP) — President Joe Biden said a deal to resolve the government’s debt ceiling crisis seemed “very close” late Friday, even as the deadline for a potentially catastrophic default was pushed back to June 5 and seemed likely...