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.
Category: House of Representatives
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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.
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Is the Debt Limit Constitutional? Biden Aides Are Debating It.
As the government heads toward a possible default on its debt as soon as next month, officials are entertaining a legal theory that previous administrations ruled out.
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House Passes Bill to Bar Transgender Athletes From Female Sports Teams
The bill, championed by Republican lawmakers, has no chance of passing the Democratic-controlled Senate or being signed by President Biden.
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What’s in the House G.O.P. Debt Limit Bill
Republicans revealed a proposal on Wednesday that would cut federal spending and unravel parts of the Biden administration’s policy agenda in exchange for lifting the nation’s borrowing cap.
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House G.O.P. Eyes Rescinding Unspent Covid Money as Part of Its Fiscal Plan
Estimates put the amount of leftover money between $50 billion and $70 billion. But even if Republicans could claw it back, it would not make much of a dent in the deficit.
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As Fears of Banking Crisis Surged, Members of Congress Sold Bank Stocks
The flurry of transactions highlighted how members of Congress continue to buy and sell stocks in industries that intersect with their official duties.
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House G.O.P. Unveils Debt Limit Bill Lifting Borrowing Cap for One Year
The proposal would impose work requirements on food stamp and Medicaid recipients and repeal funding to beef up tax enforcement.
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As Possible Debt Limit Crisis Nears, Wall Street Shrugs
Few investors have focused on the possibility that Congress will not raise the nation’s borrowing limit in time to avoid an economically catastrophic default.
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As Possible Debt Limit Crisis Nears, Wall Street Shrugs
Few investors have focused on the possibility that Congress will not raise the nation’s borrowing limit in time to avoid an economically catastrophic default.
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Earnings Season Arrives With Recession Fears Front and Center
Investors will be closely watching whether worries about an economic slowdown dent corporate profits, and lead to further layoffs.