Federal Budget (US) – Page 18

Yellen Expects U.S. to Run Out of Cash by June 5 as Debt Talks Continue

The latest estimate is a slight extension from the previous June 1 deadline and comes as Republicans and the White House are trying to reach an agreement to raise the debt ceiling and avoid a crippling default.

By Alan Rappeport

Banking and Financial Institutions Credit Ratings and Credit Rating Agencies Federal Budget (US) Government Bonds National Debt (US) Treasury Department United States Economy

How a Default Could Unfold

Here’s a look at what markets are expecting and planning for, and how a default might happen.

By Joe Rennison and Alan Rappeport

Biden, Joseph R Jr Defense Department Democratic Party Federal Budget (US) House of Representatives McCarthy, Kevin (1965- ) National Debt (US) Republican Party Senate United States Defense and Military Forces United States Politics and Government

Military Spending Emerges as Big Dispute in Debt-Limit Talks

President Biden has offered to freeze discretionary spending, including for defense. Republicans want to spend more for the military, and cut more elsewhere.

By Jim Tankersley

Biden, Joseph R Jr Federal Budget (US) Law and Legislation McCarthy, Kevin (1965- ) McHenry, Patrick T National Debt (US) Republican Party Trump, Donald J United States Politics and Government

Republicans Report Progress in Debt Limit Talks as Negotiations Continue

Negotiators reconvened on Thursday after working through the night to strike a deal, as hard-right Republicans and some Democrats expressed concerns about the shape of an emerging compromise.

By Catie Edmondson

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