The U.S. averted disaster by raising the debt ceiling, but a mild recession is still possible even as job numbers remain hot, according to the head of Bank of America. Mark Strassmann breaks down how the U.S. economy is doing.
Watch CBS News National DebtEx-USAID chief blasts gutting of agency Nearly all staff for the U.S. Agency for International Development, also known as USAID, will be placed on leave Friday amid President Trump and Elon Musk's plans to restructure the federal government. Andrew Natsios, ...
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Latest developments in debt ceiling standoff
The White House on Wednesday pointed to Fitch Ratings’ move as cause for urgency on raising the debt ceiling. “This is one more piece of evidence that default is not an option and all responsible lawmakers understand that. It reinforces the need for Congress to quickly pass a reasonable, ...
Collins said in a moderated discussion on Thursday that not raising the debt ceiling would have a significant impact. “We’d be in uncharted territory. The consequences for that could be quite severe,” Collins said during a discussion at the Community College of Rhode Island. “I will ...
News, Analysis and Opinion from POLITICO Facebook X Column | Capital Letter Lael Brainard's ‘Crisis Management Agency’ — and Her Warning For Trump Johnson backs away from go-it-alone debt ceiling plan Johnson on wildfire relief: 'We don't play politics with disaster aid' ...
Say it ain't Joe: Manchin's not the only big hurdle left for Biden's megabill Budget Congress clears Schumer-McConnell debt pact Congress Senate issues rebuke of Biden's workplace vaccine mandate Congress House passes workaround to move forward on raising the debt ceiling ...
Trump and Ryan discussed priorities such as tax reform, the budget, funding for recovery from Hurricanes Harvey and Irma, raising the debt ceiling and a continuing resolution to keep the government funded. The White House says Trump “looks forward to working together with Congress on bipartisan ...