Supreme Court Allows Mountain Valley Pipeline Project to Proceed
Supreme Court
Supreme Court Allows Mountain Valley Pipeline Project to Proceed
2023-07-27 19:56:53
by Dan McCue

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

Senate Passes Debt Limit Bill, Biden to Sign It Today
Political News
Senate Passes Debt Limit Bill, Biden to Sign It Today
2023-06-02 13:56:50
by Dan McCue

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

The Center Holds as Debt Ceiling Bill Advances to the Senate
Political News
The Center Holds as Debt Ceiling Bill Advances to the Senate
2023-06-01 14:52:00
by Dan McCue

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

Biden, McCarthy Strike Debt Limit Deal to Avert Default
Political News
Biden, McCarthy Strike Debt Limit Deal to Avert Default
2023-05-28 15:38:51
by Dan McCue

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

Biden Reiterates Call for Debt Limit Increase as Congress Leaves Town
Political News
Biden Reiterates Call for Debt Limit Increase as Congress Leaves Town
2023-05-26 16:59:19
by Dan McCue

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

Yellen Tells McCarthy Treasury Will Run Out of Money by June 5
Treasury
Yellen Tells McCarthy Treasury Will Run Out of Money by June 5
2023-05-26 12:14:45
by Dan McCue

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

No Debt Ceiling Agreement, but Biden and McCarthy Call Talks Productive
Political News
No Debt Ceiling Agreement, but Biden and McCarthy Call Talks Productive

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

McCarthy, Biden Set for Afternoon Meeting on Debt Ceiling
Political News
McCarthy, Biden Set for Afternoon Meeting on Debt Ceiling
2023-05-22 15:55:59
by Dan McCue

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

Experts Ponder Economic Consequences of Default
Think Tanks
Experts Ponder Economic Consequences of Default
2023-05-19 19:07:12
by TWN Staff

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

Debt Ceiling Talks Reach Impasse as Republicans Balk at Continuing
Political News
Debt Ceiling Talks Reach Impasse as Republicans Balk at Continuing
2023-05-19 18:34:05
by Dan McCue

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

Debt Ceiling Showdown: Biden and Congressional Leaders to Meet as McCarthy Pushes for Faster Deal
Economy
Debt Ceiling Showdown: Biden and Congressional Leaders to Meet as McCarthy Pushes for Faster Deal

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

Biden, Congressional Leaders Postpone Debt Ceiling Meeting
Political News
Biden, Congressional Leaders Postpone Debt Ceiling Meeting
2023-05-12 21:42:36
by Dan McCue

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

Biden, McCarthy Meet for Closely Watched Debt Ceiling Session
Political News
Biden, McCarthy Meet for Closely Watched Debt Ceiling Session
2023-05-09 21:35:38
by Dan McCue

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

What’s Happening on Capitol Hill Tuesday?
Political News
What’s Happening on Capitol Hill Tuesday?
2023-05-09 14:22:20
by TWN Staff

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

Union Sues US Treasury to Prevent Government Shutdown
Litigation
Union Sues US Treasury to Prevent Government Shutdown
2023-05-08 19:43:10
by Tom Ramstack

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

What’s Happening on Capitol Hill Monday?
Political News
What’s Happening on Capitol Hill Monday?
2023-05-08 14:48:57
by TWN Staff

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

Democrats Pressure GOP on Debt Limit, Spending Cuts
Economy
Democrats Pressure GOP on Debt Limit, Spending Cuts

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

Biden, McCarthy to Meet May 9 on Debt Ceiling
Political News
Biden, McCarthy to Meet May 9 on Debt Ceiling
2023-05-02 17:04:19
by Dan McCue

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

Yellen Warns US Could Run Out of Money by June 1
Treasury
Yellen Warns US Could Run Out of Money by June 1
2023-05-01 21:43:48
by Dan McCue

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

GOP Debt Ceiling Proposal Declared DOA by OMB
White House
GOP Debt Ceiling Proposal Declared DOA by OMB
2023-04-25 18:33:41
by Dan McCue

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

Bipartisan Caucus Releases Debt Ceiling Framework
Congress
Bipartisan Caucus Releases Debt Ceiling Framework
2023-04-20 20:40:39
by TWN Staff

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

War of Words Continues Between White House, House Speaker McCarthy
Political News
War of Words Continues Between White House, House Speaker McCarthy
2023-04-19 20:00:04
by Dan McCue

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

McCarthy Blames Biden for Debt Ceiling Impasse in Wall Street Speech
Congress
McCarthy Blames Biden for Debt Ceiling Impasse in Wall Street Speech
2023-04-17 20:20:21
by Dan McCue

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

McCarthy, Biden, Have ‘Good’ First Meeting on Debt Crisis 
Federal Budget
McCarthy, Biden, Have ‘Good’ First Meeting on Debt Crisis 
2023-02-02 20:40:48
by Dan McCue

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

As US Nears Debt Limit, Political Frictions Raising Alarms
Economy
As US Nears Debt Limit, Political Frictions Raising Alarms

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

<strong>Democrats in Congress Seek to Abolish US Debt Ceiling</strong>
Congress
Democrats in Congress Seek to Abolish US Debt Ceiling
2022-02-16 21:45:52
by Tom Ramstack

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

Biden Signs Bill to Raise Debt Ceiling, Averting Default
Federal Budget
Biden Signs Bill to Raise Debt Ceiling, Averting Default
2021-12-16 18:50:42
by Dan McCue

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

House Approves Measure to Assure Swift Passage of Debt Ceiling Increase
Federal Budget
House Approves Measure to Assure Swift Passage of Debt Ceiling Increase
2021-12-08 17:27:26
by Dan McCue

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

CBO Confirms: If Congress Fails to Act, Treasury Could Go Bust in Days
Federal Budget
CBO Confirms: If Congress Fails to Act, Treasury Could Go Bust in Days
2021-11-30 20:58:50
by Dan McCue

WASHINGTON — If the debt limit remains unchanged and the Treasury Department follows through on transferring $118 billion to the Highway Trust Fund on Dec. 15, the federal government could run out of cash before the end of the month,... Read More

House Approves Temporary Extension of Debt Limit
Congress
House Approves Temporary Extension of Debt Limit
2021-10-13 14:32:14
by Dan McCue

WASHINGTON - Surprising no one, the House did what it had to do Tuesday night, extending the nation’s borrowing authority -- otherwise known as the debt ceiling -- until Dec. 3. President Joe Biden is expected to sign the legislation,... Read More

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