Plenty of scenarios are being publicly and privately gamed out, but no one knows for sure how the debt limit standoff will end.
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Posted inNation & World, News, Politics
Biden, McCarthy head into showdown as debt limit crisis nears
The president will host the House speaker and other congressional leaders at the White House on Tuesday.
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Posted inNation & World, News, Politics
Democrats pressure Republicans on debt limit, spending cuts
No one expects the House’s bill, which would increase the nation’s borrowing authority as well as cut spending, will reach President Biden’s desk.
Posted inBusiness, Nation & World, News
Fed raises key rate but hints it may pause amid bank turmoil
The Federal Reserve raised its key interest rate by a quarter-point to the highest level in 16 years.
Posted inBusiness, Nation & World, Politics
Pressure builds on Biden after House passes debt limit plan
Biden’s refusal to negotiate may not be a tenable position for the White House as the deadline nears for action.
Posted inBusiness, Nation & World, News, Politics
Biden blasts Republicans’ ‘wacko notions’ in debt limit standoff
Wednesday’s split-screen presentations vividly displayed how the president and House Speaker Kevin McCarthy are talking to 2 very different Americas.
Posted inBusiness, Nation & World, News
New estimate finds U.S. could face default on debt by early June
A new estimate finds the U.S. could face an unprecedented default on its obligations as soon as early June if Congress does not act to lift the debt limit.
Posted inOp-Eds, Opinion
Jim Fossel: Nothing should be off table in debt ceiling negotiation
What can the White House give that will satisfy Republicans? Plenty.
Posted inBusiness, Nation & World, News, Politics
U.S. Treasury buys time for Biden and Republicans on debt limit deal
The Treasury Department says it has started taking ‘extraordinary measures’ as the government has run up against its legal borrowing capacity of $31.381 trillion.