Washington— The House voted late Wednesday to approve legislation tosuspend the debt ceilingand limit government spending, sending the measure to the Senate in a strong bipartisan vote that allayed fears of an unprecedented government default. A majority of Democrats and a majority of Republicans vot...
The moves underscore a growing disconnect between the political rhetoric of the debt ceiling debate and the private reality of a potentially catastrophic U.S. default that now appears closer than it did just 24 hours ago. The White House insisted Tuesday that Biden will not use a meeting he s...
As the debt ceiling fight in Washington heads down to the wire with the risk of a technical default looming, investors are growing nervous. Some are fleeing to physical precious metals as a safe haven from risky financial assets. But on the futures excha
BIDEN, MCCARTHY DEBT CEILING DEAL CLAWS BACK $21B IN FUNDING FROM IRS President Joe Biden, right, and House Speaker Kevin McCarthy, left, struck a bipartisan deal over Memorial Day weekend to raise the debt limit and enact budget caps on discretionary spending.(Jacquelyn Martin/AP/Bloomberg vi...
House Speaker Kevin McCarthy (R-CA) speaks as he holds a press conference after the House approved the debt ceiling deal he negotiated with the White House to end their standoff and avoid a historic default, at the U.S. Capitol in Washington, U.S. May 31, 2023. REUTERS/Jonathan ...
9:31 a.m. 13:30:33, June 1, 2023 JUST IN: House passes debt limit bill From Clare Foran, Kristin Wilson and Haley Talbot The House has passed the debt limit deal to suspend the nation’s debt ceiling through January 1, 2025. The final tally for the vote was 314 to 117. ...
By Mike Hayes, Maureen Chowdhury, Tori B. Powell and Nicole Goodkind, CNN Updated 10:17 PM EDT, Tue May 30, 2023 What each party gave up and gained in the debt ceiling deal 02:48 What we covered here Deal passes key test: The House Rules Committee adopted a rule Tuesday to set ...
By Adrienne Vogt, Allison Morrow, Maureen Chowdhury, Tori B. Powell and Amir Vera, CNN Updated 11:58 PM EDT, Thu June 1, 2023 What each party gave up and gained in the debt ceiling deal 02:48 What we covered here The US Senate passed the debt limit bill in a 63-36 vote Thursd...
President Joe Biden’s 2020 campaign promise to make wealthy Americans and corporations pay more in taxes to finance a range of social priorities breathed its last gasp, at least for this presidential term, with the debt ceiling deal he struck with Republicans on Saturday. Article content ...
Debt ceiling deal: Five uneasy pieces to the puzzleJonathan AllenCarrie Budoff Brown