National Debt (US) – Page 31

The U.S. May Finally Breach the Debt Ceiling. Here’s Why That Would Be Very Bad.

If Congress fails to increase the government’s borrowing limit in time, the result would be a shock to the economy and financial markets.

By Alan Rappeport Jim Tankersley and Jeanna Smialek

Conservatism (US Politics) Federal Budget (US) House of Representatives Law and Legislation McCarthy, Kevin (1965- ) National Debt (US) Recession and Depression Republican Party Social Security (US) Taxation United States Economy United States Politics and Government

Speaker Drama Raises New Fears on Debt Limit

An emboldened conservative flank and concessions made to win votes could lead to a protracted standoff on critical fiscal issues, risking economic pain.

By Jim Tankersley

Democratic Party House of Representatives Midterm Elections (2022) National Debt (US) Republican Party Senate Treasury Department United States Politics and Government

Yellen Urges Congress to Raise Debt Limit Beyond 2024 Election

Republicans might try to use the borrowing cap as leverage if they achieve a majority in the House or Senate, but the Treasury secretary cautioned against a “devastating economic self-inflicted blow.”

By Alan Rappeport

Biden, Joseph R Jr McCarthy, Kevin (1965- ) McConnell, Mitch Medicare Midterm Elections (2022) National Debt (US) Social Security (US) Treasury Department United States Economy United States Politics and Government

Debt Limit Showdown Looms as White House Braces for a Divided Washington

G.O.P. threats to leverage the full faith and credit of the United States to force spending cuts have raised alarm about a debt showdown next year — and talks about how to head one off in the coming weeks.

By Emily Cochrane and Jim Tankersley