The debt ceiling compromise has passed. It is not “perfect.” No legislation ever is. The Constitution was an amalgam of various negotiated principles, many with negative self-interested reasons, but it has proven to be the […]
WASHINGTON, D.C. — House Speaker Kevin McCarthy said Sunday he is looking forward to discussing with President Joe Biden a “reasonable and responsible way that we can lift the debt ceiling ” when the two […]
WASHINGTON, D.C. — Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default. In a […]
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 […]
WASHINGTON, D.C. — Treasury Secretary Janet Yellen told Congress Tuesday that she believed she would run out of maneuvering room to avoid the nation’s first-ever default soon after Dec. 15. In a letter to congressional […]
WASHINGTON, D.C. — Year-end pileups of crucial legislation and the brinkmanship that goes with them are normal behavior for Congress. This autumn, lawmakers are barreling toward battles that are striking for the risks they pose […]
Senate GOP leader Mitch McConnell expertly timed a proposal on Oct. 6 — after the “markets” closed — to go along with a temporary, conditional “deal” to extend our government’s debt limit until December. Some […]
WASHINGTON, D.C. — U.S. Treasury Secretary Janet Yellen said Tuesday that Oct. 18 remains the date she is likely to run out of resources to stave off a default on the nation’s debt without congressional […]
WASHINGTON, D.C. — Time growing shorter, President Joe Biden planned to meet privately Wednesday with House and Senate Democrats as Congress worked to bridge party divisions over his big “build back better” agenda ahead of […]
WASHINGTON, D.C. — Senate Minority Leader Mitch McConnell has warned Treasury Secretary Janet Yellen he is not budging on his demand that Democrats go it alone on the federal debt limit, deepening the emerging standoff […]
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