Yellen Warns the U.S. Could Default as Soon as June 1
The so-called X-date could still come as early as next week.
Posted inBiden, Joseph R Jr Budget Control Act (2011) Budgets and Budgeting Democratic Party Federal Budget (US) House of Representatives McCarthy, Kevin (1965- ) National Debt (US) Republican Party United States Politics and Government
Debt Limit Negotiators Debate Spending Caps to Break Standoff
The strategy, which was used in 2011, could allow both sides to save face but would most likely do little to chip away at the national debt.
Posted inBiden, Joseph R Jr Federal Budget (US) McCarthy, Kevin (1965- ) National Debt (US) United States Politics and Government
Biden and McCarthy to Meet in Hopes of Reviving Debt Talks
With the United States at risk of defaulting for the first time, hopes for a breakthrough have dimmed in recent days.
Posted inBiden, Joseph R Jr Federal Budget (US) McCarthy, Kevin (1965- ) National Debt (US) United States Politics and Government
U.S. Debt-Limit Talks Are Stalling on These Issues
Discussions meant to avoid a default have bogged down amid disagreements over spending caps, work requirements and new Republican proposals.