The next US president will face fiscal deadlines that loom next year, with one of the first such deadlines to arrive on January 1, when the current suspension of the debt limit is set to expire. By then, US lawmakers will be forced to debate another increase or suspension of the debt ce...
The US national debt surpassed$31 trillion for the first time amid higher interest rates at the beginning of this month,as the US Treasury Department's daily treasury statement was released.The US Congress passed legislation in December last year to raise the debt limit to$31.4 trillion.The P...
The US Senate passed the debt limit bill Thursday night, averting a US default. The bill will now be sent to President Joe Biden to be signed into law.
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The House Rules Committee adopted a rule Tuesday to set parameters for debate of the debt limit legislation – a key hurdle that needed to be cleared before a final House vote can take place Wednesday.
The US Senate passed the debt limit bill Thursday night, averting a US default. The bill will now be sent to President Joe Biden to be signed into law.
The House Rules Committee adopted a rule Tuesday to set parameters for debate of the debt limit legislation – a key hurdle that needed to be cleared before a final House vote can take place Wednesday.
driving the savings rate even more negative (this is almost certainly the case already). Inevitably, interest rates would rise, commercial banks would limit their liabilities as their borrowers default on their obligations, and the debt trap in which the US Government is already ensnared would comp...
The bill would suspend the U.S. debt limit through Jan. 1, 2025, allowing Biden and lawmakers to set aside the politically risky issue until after the November 2024 presidential election. It would also cap some government spending over the next two years, speed up the permitting pro...
What’s behind the looming ‘x-date’ on the US debt limit?1 of 3 | FILE - Speaker of the House Kevin McCarthy, R-Calif., speaks at the Capitol in Washington, Thursday, April 20, 2023. The Democratic president and Republican congressional leader have each tried to assure the ...