The Limit, Save, Grow Act of 2023, passed in the House on April 26, provided a framework on which political figures on both sides of the aisle could negotiate the finer points of how the debt-ceiling limit would be managed. Also at issue are the cascading effects of those discussions on...
Debt ceiling discussions lack backup planJohn Bresnahan
An upbeat President Joe Biden says a deal to resolve the government’s debt ceiling crisis seems “very close." He spoke late Friday, shortly after Treasury Secretary Janet Yellen pushed the deadline for a potentially catastrophic default back to June 5.
The debates surrounding the debt ceiling often ignite discussions on its necessity and utility in modern economic governance. From one perspective, the debt ceiling provides a mechanism for Congress to maintain fiscal oversight. It serves as a legislative checkpoint, compelling Congress to evaluate the ...
"We're going to come together because there's no alternative," Biden told reporters at the White House, saying he would cut short his trip to Asia and return to Washington on Sunday, but staff-level discussions would continue in Washington. ...
Brou K, Thiam M (2023) External debt and capital flight in sub-Saharan Africa: the role of institutions. Econ BulL 43(4):1642–1655 Google Scholar Checherita-Westphal C, Rother P (2012) The impact of high government debt on economic growth and its channels: an empirical investigation for...
4:11 a.m. 18:45:36, May 26, 2023 Debt ceiling negotiators have still not reached a deal. Here’s what you should know From CNN staff The White House said debt ceiling negotiators had “productive discussions” Thursday, although an agreement has not yet been reached. ...
“After that’s done, on a bill that should be about [the debt ceiling] and nothing else, you can have lots of discussions about appropriations level.” congress Dems prep to hammer GOP debt bill on campaign trail By Nicholas Wu and Daniella Diaz | April 27, 2023 08:57 AM Those ...
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-...
Senate Majority LeaderChuck Schumer, in response to the statement and putting debt ceiling negotiations back into the bill, said “Let’s see what the House does.” House Minority LeaderHakeem Jeffriessaid that “House Republicans have been ordered to shut down the government and hurt working clas...