debt limit

HILL: When perfect is the enemy of the good

June 7, 2023 Frank Hill

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 […]

Biden, McCarthy to discuss debt limit in talks on Wednesday

January 30, 2023 Hope Yen and Zeke Miller, Associated Press

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 […]

Yellen tells Congress US expected to hit debt limit Thursday

January 13, 2023 Fatima Hussein, Associated Press

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 […]

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 […]

Yellen extends to Dec. 15 date for potential debt default

November 19, 2021 Martin Crutsinger, Associated Press

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 […]

Congress off the rails? Lawmakers barrel toward fall fights

October 14, 2021 Alan Fram, Associated Press

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 […]

JOHNSTON: McConnell’s brilliant move, explained

October 13, 2021 Kelly Johnston

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 […]

Yellen: Urgent action needed on debt limit, rejects $1T coin

October 6, 2021 Martin Crutsinger, Associated Press

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 […]

Biden meeting with Democrats as $3.5T plan faces party split

September 22, 2021 Lisa Mascaro and Kevin Freking, Associated Press

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 […]

McConnell warns Yellen that GOP won’t help raise debt limit

September 17, 2021 Kevin Freking, Associated Press

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 […]