Short-term costs for insuring U.S. bonds are skyrocketing, and the long-term effects of repeated flirtations with debt default are already a burden, our columnist says.
Category: Federal Budget (US)
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Debt Limit Meeting Between Biden and Republicans Delayed as Both Sides Seek Deal
The decision to delay Friday’s expected meeting to next week was cast as a positive development, one that could allow officials to find agreement before the United States defaults on its debt.
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Yellen Calls Invoking 14th Amendment to Raise Debt Limit ‘Legally Questionable’
The Treasury secretary warned that a default would lead to a “very substantial downturn.”
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How Might the Government Avoid Default? Biden Offers Clues.
After making little progress with Republican leaders at the White House on Tuesday, the president previewed two possible endgames to resolve a debt-limit standoff.
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How Wall Street Is Preparing for a Debt Ceiling Showdown
Stocks aren’t showing signs of panic about the government’s ability to pay its bills, but there is anxiety creeping into other markets.
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The Coin, the Constitution, Premium Bonds: The Debt Limit Workarounds
As Congress hurtles toward a debt limit showdown, ways to work around it are garnering attention.
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‘There Are No Good Options’: The U.S. Is Running Out of Money
Treasury is running out of cash, leaving little time to resolve a debt ceiling standoff that could result in default.
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Biden and McCarthy to Discuss Debt Limit as a Possible Default Looms
The president will host the House speaker and other congressional leaders at the White House on Tuesday to discuss their impasse over the debt ceiling and spending cuts.
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In Debt Limit Talks, Biden and Republicans Start Far Apart
As the president prepares to meet with Speaker Kevin McCarthy this week, his budget shares little common ground with spending and tax proposals from House Republicans.
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With Default Looming, What Can Biden Do?
The president has not wavered in his calls for Republicans to raise the nation’s borrowing limit without condition. Privately, his aides have discussed other paths.
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House Democrats Move to Force a Debt-Limit Increase as Default Date Looms
House Democratic leaders who have been quietly planning a strategy to force a debt ceiling increase to avert default began taking steps on Tuesday to deploy their secret weapon.