The Treasury Department has started employing “extraordinary measures,” but the path to raising the debt ceiling is likely to be a long one.
Category: Democratic Party
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Months Before a Potential Crisis, Both Parties Kick Off a Fiscal Blame Game
As the Treasury Department begins taking steps to avoid hitting the debt limit, Republicans and Democrats are positioning themselves politically for a drawn-out fight.
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Disney Prepares for a Board Fight by Nelson Peltz
After months of talks, the activist investor Nelson Peltz is jockeying for a director position at the entertainment giant as he pushes for a series of changes.
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Kevin McCarthy’s Business Ties Complicate His Rise to Power
To land the House speaker position, the California Republican will have to win over opponents who question his ties to Silicon Valley and his commitment to right wing causes.
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Why the G20 Summit Matters to Investors
Stocks rallied in Asia on Tuesday following a historic meeting between President Biden and his Chinese counterpart, Xi Jinping.
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Yellen Urges Congress to Raise Debt Limit Beyond 2024 Election
Republicans might try to use the borrowing cap as leverage if they achieve a majority in the House or Senate, but the Treasury secretary cautioned against a “devastating economic self-inflicted blow.”
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Two County Tallies in Nevada Show Democratic Route to Senate
The path became clearer on Wednesday night as the first post-election vote tallies in Nevada and Arizona showed Democrats faring well among mail voters.