The Bipartisan Policy Center said the nation could run out of cash this summer or early fall if Congress did not raise the debt limit.
Category: Federal Budget (US)
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U.S. Could Default on Debt as Early as Summer, New Estimate Says
The New York Times – Business: -
U.S. on Track to Add $19 Trillion in New Debt Over 10 Years
The New York Times – Business:Congressional Budget Office projections released on Wednesday suggested rising interest rates and bipartisan spending bills are adding to deficits, amid a partisan fight on fiscal policy.
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Can A Trillion Dollar Coin Resolve the Debt Ceiling Crisis?
The New York Times – Business:The latest standoff over raising the nation’s debt ceiling is giving new life to an old theory about how to avoid a default.
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Biden and McCarthy Are Set to Discuss Debt Limit as Both Sides Trade Barbs
The New York Times – Business:The hours leading up to the meeting have highlighted the differences between the White House and the Republicans who now control the House.
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In Debt Limit Fight, Republicans Won’t Say What Spending Cuts They Want
The New York Times – Business:A renewed focus on fiscal restraint in the debt limit standoff with Democrats poses its own political risks.
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Biden Demands Details on Budget Cuts From McCarthy
The New York Times – Business:Ahead of a meeting at the White House on Wednesday, administration officials demanded that Republicans commit to avoiding a default on federal debt.
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Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble
The New York Times – Business:If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.
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The Week in Business: The Debt Limit and Politics
The New York Times – Business:Microsoft and Alphabet, the parent company of Google, both said they would cut thousands of jobs. And initial estimates of economic growth in the U.S. in the fourth quarter come out Thursday.
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The U.S. Hit Its Debt Limit. What Happens Next?
The New York Times – Business:The Treasury Department has started employing “extraordinary measures,” but the path to raising the debt ceiling is likely to be a long one.