The debt ceiling agreement, which Biden signed into law on Saturday, capped national security spending in the year ending Sept. 30, 2024 at $886 billion, the amount Biden requested but below what congressional defense hawks wanted. After some Republicans threatened to vote against the deal ...
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 investors a sinking feeling. Markets have long assumed...
While yields on three-month Treasury bills subsided somewhat at the end of last week, jitters have come sooner than during the debt ceiling countdowns of 2011 and 2013, according to Mark Cabana, a strategist at Bank of America Merrill Lynch. This is striking given that Republicans have contro...
Debt ceiling crisisAs the June 1 deadline looms with the possibility the U.S. could run out of money to pay bills, Republicans are demanding spending cuts.Allison Bailey/NurPhoto via Shutterstock The federal government's record-high national debt is set to get even bigger, re...
BREAKING: Total US debt hits $34 trillion for the first time in history, putting US debt up 100% since 2014. Since the debt ceiling "crisis" ended in June 2023, total US debt is up nearly $3 trillion. This debt balance is more than the value of the economies of China, Germany,...
"Politics is a rough and tumble business," he said. "President Trump knows exactly what he wants. He wants the debt ceiling pushed aside." Dec 2024 Trudeau’s top ministers at Mar-a-Lago to discuss border security The ministers are focused on combating fentanyl and illegal migr...
Nov. 6, 2024 Q&A: Canada’s Take on Trump’s Tariffs Canada’s ambassador to the United Nations discusses Trump’s tariff threats, calling instead for relations built on civility and respect: ‘We'd like to take the drama out of this.’ Pamela S. FalkFeb. 6, 2025 Dem...
US' rising debt is mother of all debt traps By Gal Luft Over the past 60 years, US Congress has raised the debt ceiling 78 times. For most of this period, raising the debt ceiling was a non-event. But over the past decade or so every time the US government reaches its debt ceiling...
US' rising debt is mother of all debt traps By Gal Luft Over the past 60 years, US Congress has raised the debt ceiling 78 times. For most of this period, raising the debt ceiling was a non-event. But over the past decade or so every time the US government reaches its debt ceiling...
Under the new debt ceiling agreement, the budgetary allocation for defense programs will increase from $858 billion in fiscal year 2023 to $886 billion in fiscal year 2024 and $895 billion in fiscal year 2025. U.S. Military Spending/Defense Budget 1960-2023 (Source: Macrotrends.net) ...