How to Enforce a Debt Deal: Through ‘Meat-Ax’ Cuts Nobody Wants
Posted inBiden, Joseph R Jr Democratic Party Federal Budget (US) House of Representatives Law and Legislation McCarthy, Kevin (1965- ) National Debt (US) Republican Party Senate United States Politics and Government

How to Enforce a Debt Deal: Through ‘Meat-Ax’ Cuts Nobody Wants

The debt-limit legislation includes a provision meant to force both sides to pass additional bills following through on their deal: the threat of automatic cuts if they fail to do so.
Markets Rise as Debt Ceiling Deal Moves to the Senate
Posted inBlackRock Inc Chevron Corporation Corporate Social Responsibility Democratic Party Dimon, James Engine No 1 GP LLC Epstein, Jeffrey E (1953- ) Exxon Mobil Corp Federal Reserve System Google Inc House of Representatives internal-storyline-no JPMorgan Chase & Company Legal & General Group Plc McCarthy, Kevin (1965- ) NVIDIA Corporation Oil (Petroleum) and Gasoline Pitt, Harvey L Securities and Exchange Commission Senate Shareholder Rights and Activism United States Politics and Government Vanguard Group Inc

Markets Rise as Debt Ceiling Deal Moves to the Senate

Global markets edged higher as the prospect of the United States defaulting on its debt grows more remote.
Military Spending Emerges as Big Dispute in Debt-Limit Talks
Posted inBiden, Joseph R Jr Defense Department Democratic Party Federal Budget (US) House of Representatives McCarthy, Kevin (1965- ) National Debt (US) Republican Party Senate United States Defense and Military Forces United States Politics and Government

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.