Janet L. Yellen, the Treasury secretary, called on Congress to raise or suspend the debt limit so the United States could continue paying its bills.
Category: McCarthy, Kevin (1965- )
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Trickling Tax Revenue Complicates Debt Limit Talks
The Treasury Department’s ability to delay a default, the so-called X-date, hinges on how fast the money is coming in.
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The Debt Ceiling Debate Is About More Than Debt
Republicans’ opening bid to avert economic catastrophe by raising the nation’s borrowing limit focuses more on energy policy than reducing debt.
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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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Investors Worry What Strong Jobs Data Means for the Economy
Inflation, recession and labor market concerns loom large over the stock market ahead of Friday’s jobs report.
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Double-Barreled Economic Threat Puts Congress on Edge
The New York Times – Business:Republicans and Democrats disagree over how recent bank closures should impact the debt limit stalemate, and have taken divergent lessons from past economic crises.
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Biden Will Release Dead-on-Arrival Budget, Picking Fight With GOP
The New York Times – Business:The president’s plans have little in common with the budget Republicans are set to release this spring, as the nation hurtles toward a possible default on its debt.