House Speaker Kevin McCarthy (R-CA) speaks as he holds a press conference after the House approved the debt ceiling deal he negotiated with the White House to end their standoff and avoid a historic default, at the U.S. Capitol in Washington, U.S. May 31, 2023. REUTERS/Jonathan ...
House Rules Committee advances debt ceiling bill From CNN's Kristin Wilson Rep. Ralph Norman, left, speaks next to Rep. Chip Roy, as the House Rules Committee discuss the debt limit bill, The Fiscal Responsibility Act of 2023, for a vote on the floor at the Capitol in Washington, DC,...
Debt Ceiling, Immigration and Donald Trump: The Week in Cartoons May 15-19May 19, 2023, at 3:38 p.m. Save View all 16 Photos Nick Anderson|Tribune Content AgencyU.S. News Decision Points Your trusted source for the latest news delivered weekdays from the team at U.S. New...
2023, debt reached that limit, and the Treasury announced a 'debt issuance suspension period', during which, under current law, it can take well-established 'extraordinary measures' to borrow additional funds without breaching the debt ceiling, a CBO statement said. ...
The debt limit has been suspended since June 2023 when Congress passed a bipartisan deal reached between then-House Speaker Kevin McCarthy and President Joe Biden. Under that law, the limit on Treasury’s ability to issue debt to cover the nation’s bills returns on Jan. 2. ...
Given this, while it remains highly unlikely that the debt ceiling issue will end in disaster, it is nonetheless becoming a larger and larger political liability as it continues to grow unfettered. As it is, the U.S. economy is in a poor situation, something you would never read in the ...
Given this, while it remains highly unlikely that the debt ceiling issue will end in disaster, it is nonetheless becoming a larger and larger political liability as it continues to grow unfettered. As it is, the U.S. economy is in a poor situation, something you would never read in the ...
The US debt ceiling debate: a view from AsiaRajeev De Mello
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Dancing on the ceiling sounded like fun when Lionel Richie sang about it. Unfortunately, the reappearance of yet another debilitatingUS debt ceilingstand-off has given inves...
On top of this, the Trump administration has been sending confused signals over its debt ceiling strategy. Mr Mnuchin has been calling for a “clean” bill increasing the debt limit, without any conditions attached. However, Mick Mulvaney, the president’s budget chief, has publicly supported th...