Category: United States Politics and Government

Time Is Running Out for Congress to Raise the Debt Ceiling

With a June 5 deadline looming, there is much to be done to prevent the default that leaders of both parties said would never happen.
Yellen Expects U.S. to Run Out of Cash by June 5 as Debt Talks Continue

The latest estimate is a slight extension from the previous June 1 deadline and comes as Republicans and the White House are trying to reach an agreement to raise the debt ceiling and avoid a crippling default.
For the Markets, It’s Not Just the Debt Ceiling

A host of issues face the markets, beyond the prospect of a possible default on U.S. debt. Hedge your bets and ride it out, our columnist says.
Gasoline Prices, a Source of Pain Last Year, Have Come Way Down

Reasons include a stronger supply of oil and weaker-than-expected demand, energy experts say. Some people are saving hundreds of dollars on fuel.
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.
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.
The Strategic Fashioning of Casey DeSantis

With an eye to the Kennedys, and the Trumps. Sometimes, a wardrobe is a strategy.
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.
Potential Debt Ceiling Deal Would Barely Change Federal Spending Path

Negotiators have focused on a relatively small corner of the budget, shunning new revenues or cuts to the fastest-growing programs
Yellen Warns of Missed Payments if Debt Limit Is Not Lifted

The Treasury secretary said the Biden administration would face “very tough choices” if Congress did not act.
U.S. Faces ‘Elevated Risk’ of Default in Early June, a New Report Warns

The Bipartisan Policy Center said the government will be operating on “dangerously low” cash reserves after Memorial Day in its estimate of the so-called X-date.
U.S. Faces ‘Elevated Risk’ of Default in Early June, a New Report Warns

The Bipartisan Policy Center said the government will be operating on “dangerously low” cash reserves after Memorial Day in its estimate of the so-called X-date.