With only days to spare, Republicans agreed to raise the debt ceiling in exchange for a package of future spending cuts. “The August 2011 debt ceiling showdown was perhaps the closest brush the ...
The New Republic on MSN12hOpinion
For Once, a Debt Ceiling Fight May Be Democrats’ Best OptionIt may be playing with fire, but it’s the best hope the party has to extract concessions from a reckless Trump administration ...
Experts warn that we’re days away from unprecedented “economic catastrophe” if politicians can’t reach an agreement on raising ... What is the debt ceiling, and why is the U.S. treasury ...
Should Congress fail to act on that threat and not raise the debt ceiling ... auctioning bonds. That's why the government's debt pile exceeds $31 trillion. The debt ceiling was introduced in ...
The so-called “x date” — the point in the calendar when the U.S. Treasury will have exhausted all its emergency ...
the debt ceiling has evolved into a political bargaining chip, and the US has repeatedly come close to breaching it over partisan disagreements, most recently in 2023. That's why some Democrats ...
But the incoming president and vice president also added a new, significant wrinkle to negotiations when they urged Congress ...
Unless Congress suspends or raises the debt ceiling soon, the U.S. government could default on its $36.2 trillion debt by mid-July, according to the newest debt ...
His attitude is: ‘Why didn’t y’all fix this before ... If Trump and GOP leaders seek to raise the debt limit through that process, known as reconciliation, they would need to make the ...
The U.S. is projected to run out of borrowing capacity between mid-July and early October, according to a new Bipartisan Policy Center [analysis]( ...
reached a tentative deal on raising the nation's $31.4 trillion debt limit, giving Congress time ... Pentagon to grow while "shortchanging many important investments in education, housing ...
The Senate GOP leader is also hesitant about raising the debt ceiling through the reconciliation process. “We're planning to proceed. But, you know, obviously we are interested in and hoping to ...
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