National Debt (US) – Page 13

Here’s What’s in the Debt Ceiling Deal

Two years of spending caps, additional work requirements for food stamps and cuts to I.R.S. funding are among the components in the deal.

By Jim Tankersley and Alan Rappeport

Biden, Joseph R Jr Federal Budget (US) Fourteenth Amendment (US Constitution) House of Representatives National Assn of Government Employees National Debt (US) Treasury Department United States Politics and Government

Despite Debt Limit Deal, 14th Amendment Questions Linger

President Biden has been considering ways to challenge the constitutionality of the debt limit to defuse the risk of default.

By Alan Rappeport

Biden, Joseph R Jr Federal Budget (US) Harris, Ben (1977- ) Inflation (Economics) McCarthy, Kevin (1965- ) National Debt (US) United States Economy United States Politics and Government

Why the Debt Limit Spending Cuts Likely Won’t Shake the Economy

With low unemployment and above-trend inflation, the economy is well positioned to absorb the modest budget cuts that President Biden and Republicans negotiated.

By Jim Tankersley

Federal Budget (US) House of Representatives National Debt (US) Republican Party Treasury Department United States Economy United States Politics and Government

Yellen’s Debt Limit Warnings Went Unheeded, Leaving Her to Face Fallout

The Treasury secretary, who considered ways to contain the fallout of a default when she was a Fed official in 2011, had urged Democrats to raise the limit while they still had control of Congress.

By Alan Rappeport