debt ceiling

WASHINGTON — House Speaker Mike Johnson, R-La., told reporters on Tuesday that he intends to include a suspension of the nation’s borrowing limit in the upcoming reconciliation package, avoiding the need for a protracted negotiation with Democrats. “That way, as... Read More

WASHINGTON — President-elect Donald Trump scored a significant legislative win on Thursday, more than a month before he formally returns to the White House. “Success in Washington!” Trump declared on Truth Social, his social media platform. His expression of delight... Read More

WASHINGTON — The Supreme Court on Thursday tossed a lower court order blocking the construction of the final stretch of the $6.6 billion Mountain Valley natural-gas pipeline that will run from West Virginia’s northwestern border to southern Virginia.  In a... Read More

WASHINGTON – Suddenly it seems there’s nothing left to talk about but the weather. After weeks of talks and amid mounting concerns that the nation might actually default on its debts for the first time in history, the Senate on... Read More

WASHINGTON — With apologies to the late Joan Didion, the center did hold Wednesday night and the result was a rousing bipartisan endorsement of the debt ceiling deal that will prevent the first-ever default by the government in U.S. history... Read More

WASHINGTON — President Joe Biden and House Speaker Kevin McCarthy reached a deal in principle Saturday night to raise the nation’s debt limit for two years while cutting and capping some federal spending — appearing, for now, to have averted... Read More

WASHINGTON — President Joe Biden on Thursday began a Rose Garden ceremony to nominate the next chair of the Joint Chiefs of Staff as a platform to once again urge House Republicans to pass a “clean” debt limit increase while... Read More

WASHINGTON — The deadline has now been set. Treasury Secretary Janet Yellen informed House Speaker Kevin McCarthy, R-Calif., on Friday that lawmakers have until June 5 to raise or suspend the debt limit or risk seeing the nation default on... Read More

WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy both said they had a productive debt ceiling discussion late Monday at the White House, but there was no agreement as negotiators strained to raise the nation's borrowing limit... Read More

WASHINGTON — President Joe Biden and House Speaker Kevin McCarthy, R-Calif., are set to meet late Monday afternoon for the latest round of face-to-face negotiations on raising the nation’s debt limit. This comes after each leader's hand-picked subordinates met in... Read More

WASHINGTON — Republicans are pointing to the Democrats, Democrats are blaming Republicans, but one thing all agree on: If the U.S. defaults on its debt, the results could be catastrophic. The Center for American Progress, a liberal public policy research... Read More

WASHINGTON — Frustrated Republicans walked out of debt ceiling talks on Friday, unexpectedly bringing a halt to the critical negotiations just days before the United States faces the first ever default on its financial obligations. “We decided to press pause... Read More

WASHINGTON (AP) — President Joe Biden is ready to discuss the debt ceiling with congressional leaders at the White House in a high-profile session with reverberations across the globe as early outlines of a potential deal begin to emerge from painstakingly slow negotiations. Raising... Read More

WASHINGTON — There will be no meeting between President Joe Biden and congressional leaders over the debt ceiling on Friday after they mutually agreed to give staff more time to work out the framework of a deal. Biden, House Speaker... Read More

WASHINGTON — President Joe Biden and House Speaker Kevin McCarthy, R-Calif., ended weeks of sparring through the media on Tuesday, meeting face to face for the first time since early February to discuss raising the $31.4 trillion debt ceiling. “We’re... Read More

WASHINGTON — Few days come bigger, few are more anticipated inside the Capital Beltway, than this one. Shortly before 4 p.m. this afternoon, House Speaker Kevin McCarthy, R-Calif., will make his way up the macadam drive outside the West Wing,... Read More

BOSTON — A union of federal employees petitioned a federal court Monday seeking to prevent the government from shutting down if the U.S. budget reaches its debt limit. The petition from the National Association of Government Employees says President Joe... Read More

Happy debt-limit summit eve, for those who celebrate! The House returns to Washington after a district work period, but no votes are planned for today. However, one can expect plenty of activity behind the scenes as Republicans and Democrats alike... Read More

WASHINGTON (AP) — Senate Democrats are pressuring Republicans on the debt ceiling impasse with a hearing Thursday focused on what they say are the the painful reductions in government services Americans would suffer if a bill recently passed by the House were... Read More

WASHINGTON — President Joe Biden and House Speaker Kevin McCarthy, R-Calif., will meet next Tuesday to begin discussions anew on raising the nation’s debt ceiling as the timeline for action grows ever smaller. Biden invited McCarthy, Senate Majority Leader Chuck... Read More

WASHINGTON — Treasury Secretary Janet Yellen said in a letter sent to House Speaker Kevin McCarthy, R-Calif., on Monday that the United States could reach the point when it can no longer satisfy its debt obligations as early as June... Read More

WASHINGTON — It came as no surprise, but the House Republican debt-ceiling plan known as the “Limit, Save, Grow Act of 2023” will be dead on arrival should it somehow make it to President Joe Biden’s desk, the White House... Read More

WASHINGTON — The Problem Solvers Caucus is proposing a bipartisan debt ceiling framework consisting of steps which they say will avoid defaulting on the national debt and advancing a sustainable budget. Problem Solvers Caucus co-chairs, Reps. Brian Fitzpatrick, R-Pa., and... Read More

WASHINGTON — President Joe Biden is continuing the war of words with House Speaker Kevin McCarthy, R-Calif., using successive public appearances this week to pan the speaker’s proposed plan to raise the debt ceiling as “the same old trickle-down dressed... Read More

WASHINGTON — House Speaker Kevin McCarthy, R-Calif., traveled to Wall Street on Monday to both blame President Joe Biden for the ongoing impasse over raising the nation’s debt ceiling and announce that the chamber’s Republican Conference intends to move its... Read More

WASHINGTON — House Speaker Kevin McCarthy, R-Calif., emerged with a smile from an hour of highly anticipated budget talks with President Joe Biden on Wednesday, but gave no indication how quickly next steps will progress to avoid a default on... Read More

WASHINGTON (AP) — The countdown toward a possible U.S. government default is in the offing — with frictions between President Joe Biden and House Republicans raising alarms about whether the U.S. can sidestep a potential economic crisis. The Treasury Department projects that the federal... Read More

WASHINGTON — As lawmakers struggle again with the nation’s debt ceiling, Democrats on a financial committee suggested Wednesday the economy would get a bigger bang for the buck without the limit on spending. Republicans said eliminating the debt ceiling equates... Read More

WASHINGTON — President Joe Biden has signed a bill raising the debt ceiling by $2.5 trillion, setting aside with the stroke of his pen the daunting prospect that the nation  would default on its debts. The White House announced the... Read More

WASHINGTON — The House approved legislation on Tuesday paving the way for an increase in the debt ceiling after congressional leaders on both sides of the aisle agreed to an unusual procedure that could avert the nation’s first-ever budget default.... Read More