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 ...
Last week Lee said he intended to “use every procedural tool at my disposal to impede a debt-ceiling deal that doesn’t contain substantial spending and budgetary reforms.” 7:50 a.m. 5:06:32, May 31, 2023 Senate Democrats have mixed reactions to debt limit deal From CNN's Lauren...
The Week in Cartoons May 15-19 News Home 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 de...
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. ...
The US debt ceiling debate: a view from AsiaRajeev De Mello
Some experts believe that the US debt ceiling crisis is the result of reckless politics driven by dollar hegemony and the underlying cause is the polarization of bipartisan politics. The recurring debt crises not only have a disastrous impact on the US economy and people's livelihoods but also ...
Comicomment: US debt-ceiling debacle far from over (ECNS) -- After months of partisan arm-wrestling, the US Congress approved the bill to raise America's debt ceiling after the Senate's passage late Thursday. The two parties in the United States engaged in a last-minute tug-of-war over...
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 investors a sinking feeling. Markets have long assumed that the rebels will inevitably fold, as they did in 2011 and 2013. Treas...
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 the idea of attaching riders to the debt-ceiling increase, creating an impression of internal conflict in the...
Concerns around a US political showdown to raise the debt ceiling and a potential technical default by the US are likely to intensify over the next few weeks. Our base case is for an eventual agreement between the two political parties to raise the debt ceiling and avoid a default, but the...