As predicted, the deal on the debt limit is being forged in the middle. My first clue that a deal had been reached was a Twitter friend’s Sunday morning tweet that “the Republicans folded like a cheap card table again and basically got steamrolled.” Then I saw reports that progressive...
Debt limit deal a key moment for John BoehnerJohn BresnahanJake Sherman
尽管债务上限协议(Debt-Limit Deal)已经达成,但许多人仍然对美国(USA)的债务水平感到震惊,不过,财政部长耶伦(Janet Yellen)并不这样看。 截至2022年底,公众持有的未偿债务为23.9万亿美元。用经济学家最喜欢的衡量标准,这相当于国内生产总值(GDP)的97%,大约是20年前的3倍,预计还会继续攀升。这是债务上限之争的核心...
When it comes to raising the roof on U.S. debt, there appears to be a rinse-and-repeat pattern in play. Since 1960, Congress has produced 79 separate measures to raise, extend or amend the debt limit, according to the Treasury Department's records. That's an average of more than one...
ABC New Lives: Debt limit deal is on its way to Senate for vote Plus, raging wildfires in Canada are sending smoke across the eastern U.S. June 1, 2023 Additional Live Streams Additional Live Streams Live ABC News Live Live Holiday traffic along Ravenel Bridge in Charleston, SC ...
What happens if these measures are exhausted without a debt limit deal is unknown. A prolonged default could be devastating, with crashing markets and panic-driven layoffs if confidence evaporated in a cornerstone of the global economy, the U.S. Treasury note. ...
limit on how much could be borrowed. It was unclear how this was all supposed to be reconciled, and how exactly items such as Social Security payments, soldier salaries, and sums owed creditors were all going to be paid this week. The clean answer would of course have been to raise the...
Debt limit talks have entered an encouraging new phase as President Joe Biden and House Speaker Kevin McCarthy have tapped top emissaries to negotiate a deal to avert an unprecedented national default. The president also cut his upcoming overseas trip sh
The bipartisan budget deal reached byPresident Joe Bidenand House Speaker Kevin McCarthy, R-Calif., in exchange for raising the debt limit until January 2025 is set to move through Congress in the next few days – just in time to prevent the federal government from defaulting on its debt as...
What’s in the deal: Not all details of the agreement are available yet, but it would increase the debt limit for two years in exchange for a cap on nondefense spending, according to a GOP fact sheet. Read more here. Next up: The work is far from done. Now leaders in both parties...