National Debt (US) – Page 10

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

Biden, Joseph R Jr Federal Budget (US) Law and Legislation McCarthy, Kevin (1965- ) McHenry, Patrick T National Debt (US) Republican Party Trump, Donald J United States Politics and Government

Republicans Report Progress in Debt Limit Talks as Negotiations Continue

Negotiators reconvened on Thursday after working through the night to strike a deal, as hard-right Republicans and some Democrats expressed concerns about the shape of an emerging compromise.

By Catie Edmondson

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Fed Officials Were Split Over June Rate Pause, Minutes Show

In the Federal Reserve’s last meeting, “several” participants thought rates may have moved high enough to get inflation under control.

By Madeleine Ngo

Biden, Joseph R Jr Federal Budget (US) House of Representatives McCarthy, Kevin (1965- ) National Debt (US) Republican Party United States Politics and Government

McCarthy Renews Call for Spending Cuts as Debt Talks Resume at White House

With a potential default just over a week away, the House speaker is maintaining pressure for a rollback in spending in exchange for raising the borrowing limit.

By Carl Hulse and Catie Edmondson

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