debt ceiling

Debt ceiling deal: McCarthy’s balancing act, Biden’s choice and the challenges ahead

May 31, 2023 The Associated Press

WASHINGTON, D.C.— It’s a deal no one in Washington claims to really like. But after weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have struck an agreement to raise the debt ceiling […]

Debt ceiling negotiators pushing for weekend deal, but much work remains

May 18, 2023 Lisa Mascaro, Associated Press

WASHINGTON, D.C. — Negotiators from the White House labored Thursday over the U.S. debt limit with House Speaker Kevin McCarthy’s emissaries at the Capitol, grinding through head-to-head talks trying to strike a budget deal to […]

Debt limit progress as Biden, McCarthy name top negotiators to avert national default

May 16, 2023 Lisa Mascaro and Seung Min Kim, Associated Press

WASHINGTON, D.C. — Debt-limit talks shifted into an encouraging new phase Tuesday as President Joe Biden and House Speaker Kevin McCarthy named top emissaries to negotiate a deal to avert an unprecedented national default. Biden […]

Debt ceiling: McCarthy says ‘no progress’ ahead of talks Tuesday with Biden

May 15, 2023 The Associated Press

WASHINGTON, D.C. — House Speaker Kevin McCarthy said Monday there’s been “no progress” on debt ceiling talks ahead of a meeting with President Joe Biden on Tuesday at the White House, as the country pushes […]

Intensity and insults rise as lawmakers debate debt ceiling

April 10, 2023 Kevin Freking, Associated Press

WASHINGTON, D.C. — Fights over increasing the nation’s borrowing authority have been contentious in Congress, yet follow a familiar pattern: Time and again, lawmakers found a way to step back from the brink before markets […]

Biden, Yellen warn of ‘catastrophe’ if debt limit not raised

February 16, 2023 Fatima Hussein and Chris Megerian, Associated Press

WASHINGTON, D.C. — President Joe Biden and Treasury Secretary Janet Yellen warned Tuesday of a potential economic crisis if a deal isn’t reached to increase the federal debt ceiling. They raised the alarm during speeches […]

Debt ceiling: 2011 showdown leaves lessons for Biden, GOP

January 26, 2023 The Associated Press

WASHINGTON, D.C. — The debate around raising the debt ceiling sounds eerily similar: Newly elected House Republicans, eager to confront the Democratic president in the White House, refused to raise the debt limit without cuts […]

Senate passes bill easing way for debt limit increase

December 13, 2021 Kevin Freking, Associated Press

WASHINGTON, D.C. — The Senate moved ahead with legislation that would create a one-time, fast-track process for raising the debt limit, overcoming a Republican filibuster and likely averting another last-minute rush to avoid a devastating […]

MOORE: Hell no to a debt ceiling increase

August 14, 2021 Stephen Moore

Sometimes, when you go into a store with expensive merchandise on the shelves, you will see a sign that reads, “You break it, you buy it.” That’s a good slogan for the Republicans as they […]