Discussions meant to avoid a default have bogged down amid disagreements over spending caps, work requirements and new Republican proposals.
Category: McCarthy, Kevin (1965- )
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Dress Sneakers in the Oval Office? These People Think Not.
People felt strongly after spotting the hybrid shoe at a meeting with the president.
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Debt Ceiling: Yellen Reiterates That U.S. Could Run Out of Cash by June 1
The latest warning to Congress came before another meeting on Tuesday between President Biden and Speaker Kevin McCarthy to resolve the debt ceiling crisis.
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Calls to Investigate Short Sellers Intensify as Bank Crisis Deepens
Jamie Dimon is the latest to urge action against the traders who have targeted the regional lenders and made huge profits.
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Regulators Raise the Alarm on a Potential Market Risk
Turmoil in the banking sector could have a knock-on effect on clearinghouses, the intermediaries between buyers and sellers in financial markets.
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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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Debt-Ceiling Déjà Vu Worries Wall Street
The last crisis, in 2011, led to a credit downgrade that sank stocks. This time, Treasury Secretary Janet Yellen has warned of a “financial catastrophe.”
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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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Markets Expect Fed to Raise Rates Despite Bank Turmoil
A ‘shock pause’ by the central bank would spook an already jittery market, one analyst said, even as shares in regional lenders fall.