The update buys much-needed time for debt ceiling negotiators to hammer out a deal May 26, 2023, 11:33 AM Debt ceiling drama hurting American families: 'We're being treated like numbers' Susan Meachum, who says she relies on Social Security, told ABC News she will "lose everything" ...
…If the debt ceiling serves any purpose, it is the occasional opportunity for Congress to step back and consider the sum of all its fiscal policies. The nation is borrowing too much but not because it is spending too much. The real crisis is the need to collect more money in taxes. I...
trillion raise in the debt ceiling through the House of Representatives.Yesterday, Senator Ted Kaufman from Delaware said the “No Deal” scenario is at 60%. We will eventually get a deal, but not by the August 2nddeadline. Is there any wonder why gold hit an all-time high this past ...
In addition to economic woes, the debt ceiling deadline later this year looms over Washington. It will require Biden to negotiate with the newly elected Republican majority in the House, who have demanded deep spending cuts before they will agree to pass a debt ceiling hike. ...
Leslie J. Levinson
Due to extraordinary measures and various accounting methods, the 2011 US debt ceiling extension deadline was prolonged to 2 August 2011. During this period, there were lots of drama, intense negotiations, and “horse trading” among key leaders of the Democrats and Republicans on tax cuts and ...
YELLEN ESTIMATES GOVERNMENT WILL RUN OUT OF CASH BY JUNE 5 WITHOUT DEBT CEILING AGREEMENT Rep. Alexandria Ocasio-Cortez (D-NY) speaks during a news conference with Democratic lawmakers about the Biden administrations border politics, outside the U.S. Capitol on January 26, 2023 in Washington, ...
There is still a “significant gap” between House Republicans and the White House on how to resolve the looming debt ceiling deadline, according to the GOP negotiators.
The looming deadline is keeping the pressure high on House Republicans and the White House to bridge their differences and address the debt ceiling in the coming days. President Joe Biden is set to meet again on Tuesday with House Speaker Kevin McCarthy and other top congressional leaders. “...
Negotiations between President Joe Biden and Republican House Speaker Kevin McCarthy have so far failed to produce any agreement as the June 1 “hard deadline” for the United States to raise the debt ceiling or risk defaulting on its obligations is just now just nine days away. Treasury yie...