$31.4 Trillion: The Debt Limit Fight Starts Now
The federal government is set to hit its borrowing limit of roughly $31.4 trillion on Thursday, setting the stage for what’s likely to be a months...
Biden and McCarthy Square Off Over the Debt Ceiling
House Speaker Kevin McCarthy (R-CA) called on Democrats to begin talks immediately on raising the debt ceiling, a critical requirement that...
US Will Hit the Debt Ceiling Next Week, Yellen Says
Treasury Secretary Janet Yellen said Friday that her department will need to start taking “extraordinary measures” in just a few days in order to...
McCarthy Floats Debt Limit Talks: Can Congress Avert a Crisis?
House Speaker Kevin McCarthy (R-CA) indicated Thursday that Republicans may want to negotiate a deal with the White House to cut spending in exchange...
US Could Soon Hit $31.4 Trillion Debt Limit
The U.S. could hit its self-imposed $31.4 trillion debt limit in a matter of days or weeks, the Associated Press’s Josh Boak and Fatima Hussein report...
Worries Grow Over Raisng the Debt Limit
The chaos surrounding the Republican effort to elect a new speaker of the House is feeding concerns about how difficult it could be to raise the...
Interest Costs on National Debt Jump at Start of Fiscal Year
As interest rates continue to rise, the federal government is spending more to service the national debt, the Treasury Department said Monday...
Democrats Should Defuse the Debt-Limit Time Bomb: Orszag
Peter Orszag, the former head of the White House Office of Management and Budget and the Congressional Budget Office, warns in a Washington Post op-ed...
Dems Giving Up on Plan to Raise Debt Ceiling Before Next Year
A Democratic effort to preemptively raise the debt limit during the lame-duck session of Congress is fading fast, according to reports Wednesday...
Rick Scott Challenges Mitch McConnell as GOP Infighting Heats Up
It’s been a week since Election Day and Republicans are just now on the verge of cementing a House majority that they expected to lock up long ago. As...