Seventy percent of registered voters preferred a government compromise on the debt-ceiling debate, according to an NPR/PBS NewsHour/Marist national poll conducted in late February. Read on for details about the national debt and what investors should be aware of: How big is the national debt, ...
Jun 5, 2023 05:15 McCarthy faces GOP criticism for debt deal House Speaker Kevin McCarthy is lauding the debt ceiling deal he negotiated with President Biden and others to avert a potentially catastrophic default, but some far-right members of his party have different opinions. CBS News congr...
While the Democrat-led Senate and Republican-controlled House of Representatives work to find a bipartisan solution – likely raising thedebt ceiling– many Americans might wonder what all this means for their own money. Hitting the debt ceiling – and potentially raising it – has...
For the 103rd time since the end of World War II, the United States Congress has adjusted the debt ceiling that limits government borrowing. Instead of raising the cap, Congress simply suspended it this time, meaning that the U.S. government for now could borrow as much as it wanted. The...
After being suspended since 2023, the limit on US government debt, known as the debt ceiling, has been reinstated. That means the government will fund its operations using other means (referred to extraordinary measures) until Congress either again raises the debt ceiling as it historically has,...
The United States approaches another debt ceiling deadline in January 2025, and the Treasury Department has already sent notice to Congress. A temporary suspension of the debt limit ended on January 1, as per the Fiscal Responsibility Act of 2023. If Congress fails to act, the federal governmen...
The wording of questions on the debt ceiling, even when ostensibly measuring the same sentiments, varied widely from poll to poll. In the ABC News/Washington Post poll, for example, the question about whether to raise the debt ceiling with or without spending cutsopened with a brief synopsis ...
Concerns around a US political showdown to raise the debt ceiling and a potential technical default by the US are likely to intensify over the next few weeks.
Oil prices erased earlier gains as a political standoff about the U.S. debt ceiling overshadowed a G7 finance leaders’ meeting.
The debt ceiling crisis has again brought into focus the perennial gap between what the government spends and what it accumulates in taxes, and the virtual impossibility of closing that gap by increasing taxes or negotiating cuts in the budget. ...