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.
Category: Federal Budget (US)
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McCarthy Renews Call for Spending Cuts as Debt Talks Resume at White House
With a potential default just over a week away, the House speaker is maintaining pressure for a rollback in spending in exchange for raising the borrowing limit.
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Yellen Warns of Missed Payments if Debt Limit Is Not Lifted
The Treasury secretary said the Biden administration would face “very tough choices” if Congress did not act.
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U.S. Faces ‘Elevated Risk’ of Default in Early June, a New Report Warns
The Bipartisan Policy Center said the government will be operating on “dangerously low” cash reserves after Memorial Day in its estimate of the so-called X-date.
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U.S. Faces ‘Elevated Risk’ of Default in Early June, a New Report Warns
The Bipartisan Policy Center said the government will be operating on “dangerously low” cash reserves after Memorial Day in its estimate of the so-called X-date.
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Biden and McCarthy Describe ‘Productive’ Debt Limit Talks, but No Deal Is Reached
With the United States at risk of defaulting for the first time, Speaker Kevin McCarthy and President Biden met again but remained far apart on a deal.
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Yellen Warns the U.S. Could Default as Soon as June 1
The so-called X-date could still come as early as next week.
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Debt Limit Negotiators Debate Spending Caps to Break Standoff
The strategy, which was used in 2011, could allow both sides to save face but would most likely do little to chip away at the national debt.
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Biden and McCarthy to Meet in Hopes of Reviving Debt Talks
With the United States at risk of defaulting for the first time, hopes for a breakthrough have dimmed in recent days.
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U.S. Debt-Limit Talks Are Stalling on These Issues
Discussions meant to avoid a default have bogged down amid disagreements over spending caps, work requirements and new Republican proposals.
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What the Markets Are Telling Us About the Debt Ceiling
The odds of a U.S. default are low, but the consequences could be dire. Our columnist explains how financial markets are assessing the risks.