The kicked-can of a deal sets up a bigger battle this winter. The TAKE with Averi Harper On the Senate floor Thursday morning, Senate Minority Leader Mitch McConnell took credit for resolving a crisis ...
US risks defaulting its debts, which could set off 'cataclysmic' situation for economy, analysts say
WASHINGTON -- The fight over raising the nation's borrowing limit underscores a reality for Democrats as they are in the midst of their highest-stakes moment for President Joe Biden's sweeping ...
If you’re confused about the federal government’s current struggles to get funding and avoid a shutdown, you’re not alone. Much of the confusion stems from a couple of different dates: Dec. 3, when ...
WASHINGTON, D.C. (Nexstar) — Today the Senate passed a massive two-year bipartisan budget deal — sending it on to the desk of the president. The deal suspends the debt limit through July 2021 and sets ...
The Treasury Borrowing Advisory Committee recommends eliminating the Debt Ceiling, citing its lack of fiscal constraint and numerous negative impacts on the economy. The Debt Ceiling increases debt ...
In 2023, a stalemate between then-President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...
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