United States Politics and Government – Page 415

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.

By Alan Rappeport and Catie Edmondson

With the United States at risk of defaulting for the first time, hopes for a breakthrough have dimmed in recent days.

By Katie Rogers and Catie Edmondson

Discussions meant to avoid a default have bogged down amid disagreements over spending caps, work requirements and new Republican proposals.

By Catie Edmondson and Jim Tankersley

Financial markets are still betting that Congress and the White House will strike a deal. But the uncertainty alone is having consequences.

By Lydia DePillis and Ben Casselman