As the Treasury Department begins taking steps to avoid hitting the debt limit, Republicans and Democrats are positioning themselves politically for a drawn-out fight.
Category: Federal Budget (US)
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America Set to Hit Its Borrowing Limit Today, Raising Economic Fears
The milestone will not immediately affect markets or growth, but it sets the stage for months of entrenched partisan warfare.
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How ‘Extraordinary Measures’ Can Postpone a Debt Limit Disaster
Treasury Secretary Janet L. Yellen will soon need to use accounting maneuvers to keep the United States from defaulting on its debt.
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How Close Is the U.S. to Hitting the Debt Ceiling? How Bad Would That Be?
The United States has a cap on the amount of money it can borrow. That means it can run out of cash if the limit isn’t lifted.
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As Debt Ceiling Threat Looms, Wall Street and Washington Have Only Rough Plans
A default would most likely rattle markets and carry big risks, no matter how the Federal Reserve and Treasury try to curb the fallout.
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U.S. Will Hit Debt Limit Jan. 19, Yellen Tells Congress
The Treasury Department expects to begin taking “extraordinary measures” to continue paying the government’s obligations ahead of what’s expected to be a big fight to raise the borrowing cap.
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U.S. Will Hit Debt Limit Jan. 19, Yellen Tells Congress
The Treasury Department expects to begin taking “extraordinary measures” to continue paying the government’s obligations ahead of what’s expected to be a big fight to raise the borrowing cap.
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U.S. Deficit Fell to $1.4 Trillion in 2022
Borrowing remained elevated last year as spending fights loom in a divided Congress.
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The U.S. May Finally Breach the Debt Ceiling. Here’s Why That Would Be Very Bad.
If Congress fails to increase the government’s borrowing limit in time, the result would be a shock to the economy and financial markets.
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Biden Signs Government Funding Bill, Preventing Shutdown
The $1.7 trillion measure includes more money for the military and law enforcement, along with an overhaul of how Congress counts electoral votes in presidential elections.
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Congress Gives Boeing a Reprieve on 737 Max Cockpit Changes
The move will allow two new versions of the jet to be certified without major modifications, but it requires safety changes on all Max models.