Federal Budget (US) – Page 17

What’s in the Bipartisan Debt Limit Agreement

Spending caps, additional work requirements for food stamps and a new natural gas pipeline are just several of the components in a deal President Biden and Speaker Kevin McCarthy reached to prevent default.

By Jim Tankersley and Alan Rappeport

Biden, Joseph R Jr Federal Budget (US) Harris, Ben (1977- ) Inflation (Economics) McCarthy, Kevin (1965- ) National Debt (US) United States Economy United States Politics and Government

Why the Debt Limit Spending Cuts Likely Won’t Shake the Economy

With low unemployment and above-trend inflation, the economy is well positioned to absorb the modest budget cuts that President Biden and Republicans negotiated.

By Jim Tankersley

Federal Budget (US) House of Representatives National Debt (US) Republican Party Treasury Department United States Economy United States Politics and Government

Yellen’s Debt Limit Warnings Went Unheeded, Leaving Her to Face Fallout

The Treasury secretary, who considered ways to contain the fallout of a default when she was a Fed official in 2011, had urged Democrats to raise the limit while they still had control of Congress.

By Alan Rappeport

Biden, Joseph R Jr Federal Budget (US) House of Representatives Jeffries, Hakeem McCarthy, Kevin (1965- ) McConnell, Mitch National Debt (US) Schumer, Charles E Senate Treasury Department United States Economy United States Politics and Government

Time Is Running Out for Congress to Raise the Debt Ceiling

With a June 5 deadline looming, there is much to be done to prevent the default that leaders of both parties said would never happen.

By Carl Hulse

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