Federal Budget (US) – Page 25

Biden, Joseph R Jr Federal Budget (US) House of Representatives Jeffries, Hakeem McCarthy, Kevin (1965- ) McConnell, Mitch National Debt (US) Schumer, Charles E Senate Treasury Department United States Economy United States Politics and Government

Time Is Running Out for Congress to Raise the Debt Ceiling

With a June 5 deadline looming, there is much to be done to prevent the default that leaders of both parties said would never happen.

By Carl Hulse

Federal Budget (US) National Debt (US) Treasury Department United States Politics and Government

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