highly decorative coffered ceiling in Spanish mudéjar architecture
No default, but not everyone emerged a winner from debt ceiling deal: While the worst outcome was avoided in the months-long debt ceiling saga ...
usatoday.com/story/news/politics/2023/06/03/winners-and-losers-in-bipartisan-debt-ceiling-deal/70269358007/
Quick Glance: Biden Announces Debt Ceiling Agreement
- The Senate approved the bipartisan agreement, eliminating the possibility of default.
- In his first Oval Office address, President Joe Biden celebrated a "crisis averted" and the upcoming signing of the budget agreement.
- The agreement was negotiated by Biden and House Speaker Kevin McCarthy.
- While the agreement gives Republicans some of their demanded federal spending cuts, important Democratic priorities remain intact.
What's in the debt ceiling deal struck by Biden and McCarthy?: President Joe Biden and Republican House Speaker Kevin McCarthy on Sunday signed off on an ...
reuters.com/markets/us/whats-debt-ceiling-deal-biden-mccarthy-are-negotiating-2023-05-26/
Quick Glance: Biden and McCarthy's Rocky Journey to a Debt Ceiling Agreement
- Throughout months of negotiations over the U.S. debt ceiling, McCarthy has criticized Biden.
- On Sunday, Biden stated that he believes McCarthy negotiated with him in good faith.
- Despite initially calling for an uncompromising increase in the debt ceiling, McCarthy ultimately made concessions.
- Last week, both sides moved towards a deal, and McCarthy's tone changed as he expressed his respect for White House negotiators.
What's in Biden and McCarthy's debt ceiling deal − and what's not? Here are 7 takeaways
usatoday.com/story/news/politics/2023/05/28/debt-ceiling-deal-details-biden-mccarthy-takeaways/70264836007/
Quick Glance: McCarthy and Biden Resolve Final Debt Roadblocks
- McCarthy and Biden hold 6 p.m. call in hopes of reaching a deal on Saturday.
- White House remains in contact with House Republicans.
- Deal could be hours or days away.
- House could vote as soon as Tuesday if text is released on Saturday.
Here’s what’s in the debt ceiling deal: After several weeks of tense negotiations, President Joe Biden and House Republicans have reached an agreement in ...
cnn.com/2023/05/27/politics/whats-in-the-debt-ceiling-deal/
Biden, McCarthy getting ‘closer’ to debt ceiling deal before clock runs out: President Joe Biden and House Speaker Kevin McCarthy have made progress on finding ...
usatoday.com/story/news/politics/2023/05/25/biden-mccarthy-debt-ceiling-memorial-day/70258044007/
GOP unites in brinkmanship over default, rejecting Biden compromises: Several House Republican lawmakers have begun casting doubt on the Treasury Department’s ...
washingtonpost.com/business/2023/05/24/debt-ceiling-gop-demands/
Quick Glance: McCarthy and Biden Have 'Productive' Debt Ceiling Talks - But No Agreement Despite Looming Default
- President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) both described their Monday evening meeting to discuss raising the debt ceiling as 'productive' - but differences between the two leaders still exist as a June 1 deadline to avert a federal default gets closer.
- McCarthy said the tone of the meeting was better than any previous negotiation, but he did not hear anything from the president indicating that the two had reached common ground beyond their shared desire to strike a deal.
- According to McCarthy, there are no Pentagon cuts or tax increases on the table, two areas where potential disagreements with the White House could arise. McCarthy added that he opposes a short-term debt ceiling increase.
- Treasury Secretary Janet Yellen reaffirmed on Sunday that June 1 is a hard deadline for the federal government to raise the debt ceiling before it is no longer able to pay its bills. A default on federal obligations would jeopardize the fulfillment of federal commitments and most experts believe it would be economically disastrous.
Biden signs bipartisan debt ceiling deal: Biden gave a prime-time speech on debt limit deal on Friday.
abcnews.go.com/Politics/biden-give-prime-time-address-debt-ceiling-deal/story
Quick Glance: Senate Passes Bill to Increase Debt Ceiling and Sends it to Biden's Desk
- On Thursday night, the Senate passed a bill to increase the debt ceiling.
- After passing the House with a wide and bipartisan margin on Wednesday night, the measure was approved with a bipartisan majority of 63-36 votes.
- Treasury Secretary Janet Yellen has warned that the U.S. could run out of money to pay its bills on June 5 if Congress doesn't act, leading the Senate to put a bill on President Biden's desk.
- Follow below to catch up on how the night unfolded.
Debt ceiling drama: What happens to the economy and your wallet if a deal is struck or not.
usatoday.com/story/money/2023/05/27/debt-ceiling-deal-impact-economy/70259310007/
US debt ceiling: How to trade off it: A Washington stalemate on whether to increase the U.S. debt ceiling has raised the risk of a default as early as June and ...
reuters.com/markets/global-markets-debt-ceiling-graphic-pix-2023-05-05/
Analysis: US debt-ceiling deal dooms Biden's revolutionary tax plans: U.S. President Joe Biden's 2020 campaign promise to make wealthy Americans and corporations ...
reuters.com/world/us/us-debt-ceiling-deal-dooms-bidens-revolutionary-tax-plans-2023-06-01/
Breakingviews: Biden gives little, gets less in debt ceiling deal: For President Joe Biden, a debt-ceiling victory comes with a bittersweet taste ...
reuters.com/breakingviews/biden-gives-little-gets-less-debt-ceiling-deal-2023-05-28/
Biden, McCarthy debt ceiling deal claws back $21B in funding from IRS: The bipartisan deal reached by President Biden and House Speaker Kevin McCarthy to raise ...
foxbusiness.com/politics/biden-mccarthy-debt-ceiling-deal-claws-back-funding-irs
CBO says debt ceiling deal would cut deficits by $1.5 trillion over the next decade
npr.org/2023/05/31/1178995328/debt-ceiling-cbo-house-vote-mccarthy-biden-spending-deficit
House approves debt ceiling bill to avoid default, sends deal to Senate: Despite deep disappointment from hard-right Republicans that budget cuts don't go ...
pbs.org/newshour/politics/house-approves-debt-ceiling-bill-to-avoid-default-sends-deal-to-senate
Biden threatens to veto House GOP bill to raise debt ceiling, slash spending: In a statement opposing the GOP's debt ceiling bill, the White House said House ...
washingtonpost.com/politics/2023/04/25/biden-veto-republican-debt-ceiling-bill/
Quick Glance: Biden vows to veto the Republican debt-ceiling bill
- On Wednesday, Kevin McCarthy will convene a vote on his bill to raise the debt ceiling.
- The White House has announced that Biden will not sign it into law.
- President Joe Biden has formally stated that he will not sign House Speaker Kevin McCarthy's bill to raise the debt ceiling.
- Some Republican senators expressed concern about having to raise the debt ceiling again as soon as next year, while other House Republicans wanted to see other restrictions included in the legislation, such as stricter work requirements for welfare programs.
Treasury confirms U.S. default as early as June 1 without debt ceiling hike: The U.S. Treasury Department reiterated Monday it expects to be able to pay the U.S ...
reuters.com/markets/us/treasury-confirms-us-default-early-june-1-without-debt-ceiling-hike-2023-05-22/
Biden’s second debt limit meeting with congressional leaders postponed: President Joe Biden's anticipated meeting originally scheduled for Friday with ...
cnn.com/2023/05/11/politics/biden-second-white-house-meeting-debt-limit-postponed/
The deal has already produced noisy disgruntlement among Republican and Democratic radicals. Its journey through Congress could be bumpy
America’s debt-ceiling deal means it should now avoid Armageddon: But a battle looms in the coming days to get it through Congress
economist.com/united-states/2023/05/28/americas-debt-ceiling-deal-means-it-should-now-avoid-armageddon
Quick Glance: Debt Ceiling Deal Brings Optimism to Traders as a Market Opportunity
- Speaker McCarthy discusses the latest developments of the debt ceiling negotiations with the White House.
- Analysts are optimistic that the deal to raise the U.S. debt ceiling will pass a divided Congress.
- Negotiating a debt ceiling deal is a win for Republicans, according to research firms.
- Siegel notes that U.S. futures point to slight gains and says that a likely deal 'does clear a little bit of uncertainty.'
Don't look now, but stocks may have some momentum: The debt ceiling deal added to the Goldilocks backdrop for shares.
axios.com/2023/06/05/stocks-momentum-debt-ceiling-markets
House Republicans pass debt-ceiling hike, hoping to spur Biden to talks: The U.S. House of Representatives on Wednesday narrowly passed a bill to raise the ...
reuters.com/world/us/mccarthys-debt-ceiling-bill-tests-unity-us-house-republicans-2023-04-26/
Winners and losers of the debt ceiling crisis: A boon for Biden and a blow for Trump
english.elpais.com/usa/2023-06-04/winners-and-losers-of-the-debt-ceiling-crisis-a-boon-for-biden-and-a-blow-for-trump.html
‘An egregious act’: debt ceiling deal imperils the environment, critics say: The agreement will fast-track the Mountain Valley pipeline, and limit the scope of ...
theguardian.com/environment/2023/may/30/debt-ceiling-deal-environment-climate-crisis
Quick Glance: Debt Ceiling Deal Imperils Environment, Critics Say
- The deal to raise the US debt ceiling will have significant ramifications for the climate and nature. Environmentalists have warned that it will fast-track a controversial gas pipeline in West Virginia and limit the scope of environmental reviews for future developments.
- Environmentalists reacted in outrage at the deal, arguing that the 300-mile (480km) pipeline, which will bring fracked gas from West Virginia to southern Virginia, will endanger hundreds of waterways, threaten landscapes including the nearby Appalachian trail and worsen the climate crisis.
- Under the deal, reviews under the National Environmental Policy Act will be limited to just two years for federal projects.
- Environmental groups are calling for Democrats to block the debt deal when it is voted upon in Congress this week. They are already angered by Biden’s ongoing embrace of large fossil fuel projects, such as the recently approved Willow oil drilling operation in Alaska.
US debt ceiling deal: What's in it and why is the country not out of trouble yet?
firstpost.com/explainers/us-debt-ceiling-deal-whats-in-it-and-why-the-country-is-not-out-of-trouble-yet-12678142.html
Van Jones on Biden: ‘It seems kind of corny,’ but he’s doing pretty well: CNN commentator Van Jones said President Biden’s approach to politics “seems kind of ...
thehill.com/homenews/media/4032842-van-jones-on-biden-it-seems-kind-of-corny-but-hes-doing-pretty-well/
White House adviser Gene Sperling discusses bipartisan deal to raise debt ceiling
pbs.org/newshour/show/white-house-adviser-gene-sperling-discusses-bipartisan-deal-to-raise-debt-ceiling
GOP conservatives fume over debt ceiling compromises: Hard-line conservatives are fuming over the debt deal compromise being negotiated between Speaker Kevin ...
thehill.com/homenews/house/4021457-gop-conservatives-fume-over-debt-ceiling-compromises/
Quick Glance: Imminent Risk of Government Cash Shortage
- Treasury Secretary Yellen warns of potential payment default if debt limit is not raised or suspended soon.
- Yellen takes extraordinary measures to ensure sufficient cash on hand for government operations.
- Scheduled payments of over $130 billion, including payments to veterans and Social Security and Medicare recipients, are planned for the first week of June.
- Yellen's multiple letters to Congress emphasize the potential economic consequences of failing to raise the debt limit before the U.S. government runs out of cash to honor its obligations.
Inflation back at the top of the fear list for worrywart investors : Washington’s deal on borrowing is a rare jolt of good news in a difficult year
ft.com/content/05d177c4-80f6-4ea3-951e-ac30d44260a7
Paid articlePaid
Allred blasts Cruz for opposing debt deal that averts US default: The debt ceiling deal has quickly become fodder in the 2024 Senate contest in Texas.
dallasnews.com/news/politics/2023/06/02/colin-allred-blasts-ted-cruz-for-opposing-debt-deal-that-averts-us-default/
Crisis averted: Congress passed a debt-limit deal late Thursday in time to avoid a catastrophic default. It made modest progress toward some of Republicans’ ... Show more politi.co/3OUj6ro
NAACP: Debt ceiling bill ‘misses the mark’ for Black Americans: The NAACP has condemned legislation to raise the debt ceiling, citing the negative ...
thehill.com/homenews/4031774-naacp-debt-ceiling-bill-misses-the-mark-for-black-americans/
Debt limit deadline looms as Democrats, GOP spar on spending: WASHINGTON (AP) — Senate Democrats pressured Republicans on the increasingly menacing debt ceiling ...
apnews.com/article/senate-hearing-debt-ceiling-bae2b777086b0e232cc0d51fe03a3930
Here’s how the debt ceiling bill would change the US energy permitting process: In a major win for the fossil fuel industry and pro-industry lawmakers like Sen ...
thehill.com/policy/energy-environment/4030683-heres-how-the-debt-ceiling-bill-would-change-the-us-energy-permitting-process/
Why Iowa's 4 Republican Congress members all voted to raise the debt ceiling: Iowa's four Republican Congress members voted to raise the debt ceiling ...
desmoinesregister.com/story/news/politics/2023/06/01/iowa-members-congress-miller-meeks-hinson-nunn-feenstra-voted-to-raise-the-debt-ceiling-heres-why/70273310007/
What the result of the US debt ceiling vote means, and how the deal aims to avoid a default
inews.co.uk/news/world/us-debt-ceiling-vote-explained-what-result-mean-deal-default-2379778
Social Security, Medicare and stocks: How a debt-ceiling crisis could affect you: If the White House and House Republicans fail to raise the debt ceiling and the ...
thehill.com/business/4022573-debt-ceiling-how-you-can-prepare-for-a-potential-default/
Quick Glance: Debt-Ceiling Crisis: Impact on Social Security, Medicare, and Stocks
- Failure to raise the debt ceiling could lead to long-lasting economic consequences for Americans.
- The government may not have the money to pay Social Security benefits.
- A debt crisis could lead to higher interest rates and tighter credit conditions.
- A debt crisis could freeze the housing market and lead to higher mortgage rates.
3 ways to protect your money if the U.S. defaults on its debt: From social security payments to interest rates, a lot hinges on a debt-ceiling deal ...
npr.org/2023/05/25/1177624176/money-tips-debt-ceiling-default
Michigan reps back bipartisan debt ceiling deal with some misgivings: Several lawmakers in the delegation remained unhappy with certain elements of the ...
detroitnews.com/story/news/politics/michigan/2023/05/31/michigan-congress-backs-bipartisan-debt-ceiling-deal-biden-mccarthy-tlaib-dingell-slotkin-stabenow/70271669007/
Sanders to vote against debt bill, says Biden should invoke 14th Amendment: Sen. Bernie Sanders (I-Vt.) said he will vote against the bill that President Biden ...
thehill.com/homenews/senate/4028921-sanders-to-vote-against-debt-bill-says-biden-should-invoke-14th-amendment/
Pipeline deal in debt ceiling agreement angers climate advocates. Is it legal?: The agreement would overrule federal courts that have repeatedly found the ...
washingtonpost.com/dc-md-va/2023/05/31/mountain-valley-pipeline-legal-challenges-debt-ceiling-agreement/
Pipeline deal in debt ceiling agreement angers climate advocates. Is it legal?: The agreement would overrule federal courts that have repeatedly found the ...
washingtonpost.com/dc-md-va/2023/05/31/mountain-valley-pipeline-legal-challenges-debt-ceiling-agreement/
US: Yellen extends debt default deadline to June 5 : US Treasury Secretary Janet Yellen warned that inaction on the debt ceiling would "cause severe ...
dw.com/en/us-yellen-extends-debt-default-deadline-to-june-5/a-65750225
Morning Bid: Relief rally eyed on US debt ceiling deal: A look at the day ahead in Asian markets from Jamie McGeever.
reuters.com/markets/asia/global-markets-view-asia-graphics-pix-2023-05-28/
Manchin could get a gas pipeline out of the debt ceiling deal, and environmental advocates are livid
cnn.com/2023/05/31/politics/mountain-valley-pipeline-manchin-debt-ceiling-climate/
Biden meets McCarthy, Hill leaders as liberals eye debt ceiling deal warily: White House spurs concerns among Democratic allies as negotiators weigh new limits ...
washingtonpost.com/business/2023/05/16/biden-debt-ceiling-2023-gop-demands/
White House takes signature law off negotiating table in early spending, debt ceiling talks
cnn.com/2023/05/11/politics/debt-ceiling-negotiations-white-house/
Here's what could happen in markets if the U.S. defaults. Hint: It won't be pretty
npr.org/2023/05/21/1177203159/debt-limit-ceiling-default-wall-street-biden-mccarthy-economy
South African rand plummets as 50 bps rate hike fails to impress traders: The South African rand went into a surprise free fall on Thursday as the central bank ...
reuters.com/world/africa/us-debt-ceiling-concerns-hurt-south-african-rand-before-rate-decision-2023-05-25/
What you should know about the US debt ceiling deal: The deal would suspend the $US31.4 trillion ($48 trillion) debt ceiling until January 2025.
smh.com.au/business/the-economy/what-you-should-know-about-the-us-debt-ceiling-deal-20230528-p5dbvu.html
White House leaves door open to deal that resolves debt ceiling crisis: Biden and McCarthy could reach an agreement they both claim adheres to their incompatible ...
washingtonpost.com/business/2023/05/02/biden-mccarthy-debt-ceiling-talks/
Sinema joins debt ceiling negotiations: Axios: Sen. Kyrsten Sinema (I-Ariz.) has joined debt ceiling negotiations to try to help the sides reach an agreement on ...
thehill.com/homenews/senate/4023581-sinema-joins-debt-ceiling-negotiations-axios/
3 investing tips as the federal debt ceiling 'X-date' approaches : Many investors are bracing for economic fallout as the federal debt ceiling "X-date" deadline ...
cnbc.com/2023/05/27/how-to-invest-as-the-federal-debt-ceiling-deadline-approaches.html
Sen. Kyrsten Sinema enters debt ceiling talks to try to resolve split on energy permitting
axios.com/2023/05/27/scoop-sinema-enters-debt-ceiling-negotiations
Asian investors hold breath amid US debt drama: RECAP: Asian markets mostly rose yesterday but investors remained on edge heading into the weekend amid concern ...
bangkokpost.com/business/2579381/asian-investors-hold-breath-amid-us-debt-drama
No. 3 House Republican defends party’s debt ceiling bill: House Majority Whip Tom Emmer said Sunday that President Joe Biden "doesn't have to negotiate" over the ...
cnn.com/2023/04/30/politics/republicans-debt-ceiling-tom-emmer-cnntv/
Power transmission deal being considered in US debt limit talks: A bill to boost power transmission between U.S. regions is being considered as part of talks ...
reuters.com/business/energy/power-transmission-deal-being-mulled-us-debt-limit-talks-sources-2023-05-25/
Power transmission deal being considered in US debt limit talks: A bill to boost power transmission between U.S. regions is being considered as part of talks ...
reuters.com/business/energy/power-transmission-deal-being-mulled-us-debt-limit-talks-sources-2023-05-25/
35% of Americans say their financial situation was worse off than the prior year — the largest share on record since the Fed began asking the question ... Show more trib.al/I1IXogL
Here's what's in the emerging debt-ceiling deal — such as a cut to the IRS: Agreement also could feature a provision to prevent government-shutdown fears this ...
marketwatch.com/story/heres-whats-in-the-emerging-debt-ceiling-deal-such-as-a-cut-to-the-irs-e1dfff46
Paid articlePaid
GOP Push for IRS Cuts in Debt Limit Deal Shows Top Priority: 'Squeezing Families to Protect Billionaires'
commondreams.org/news/gop-irs-cuts-debt-limit
Five Things You Need to Know to Start Your Day: US debt ceiling talks hit impasse. Covid still kills one person every four minutes. World’s richest man sees $11 ...
bloomberg.com/news/newsletters/2023-05-23/five-things-you-need-to-know-to-start-your-day-li0xdan9
Debt ceiling negotiators close to a deal, with IRS funding in the spotlight : The White House and congressional negotiators were closing in on a compromise ...
cnbc.com/2023/05/26/debt-ceiling-deal-developments.html
Crypto wrap: US debt ceiling negotiations keeping market on the toes: The negotiations around the US debt ceiling have been slow, but media reports suggest that ...
business-standard.com/markets/cryptocurrency/crypto-wrap-us-debt-ceiling-negotiations-keeping-market-on-the-toes-123052600659_1.html
US debt ceiling crunch threatens to roil complacent stock market: Strategists at some of Wall Street’s biggest banks are sounding increasingly worried about ...
reuters.com/markets/us/us-debt-ceiling-crunch-threatens-roil-complacent-stock-market-2023-05-23/
Debt ceiling talks continue as deadline, congressional recess approach - UPI.com: With a June 1 deadline looming to avoid U.S. economic default ...
upi.com/Top_News/US/2023/05/25/debt-ceiling-talks/3571685036886/
GOP attack on IRS funding runs counter to deficit reduction effort: The GOP is pushing to cut IRS enforcement funding as part of a deal to raise the debt ceiling ...
thehill.com/business/4019217-gop-attack-on-irs-funding-runs-counter-to-deficit-reduction-effort/
GOP senator warns Americans: 'Retirement is now in jeopardy': Sen. Mike Braun, R-Ind., explains how Democrats' excessive spending and debt ceiling stalemate ...
foxbusiness.com/economy/gop-senator-warns-americans-retirement-jepardy
More than 75 congressional Dems have urged Biden to invoke the 14th Amendment to end the debt limit standoff, and progressives recently renewed that call after ... Show more www.politico.com/news/2023/05/19/biden-14th-amendment-debt-ceiling-00097930
What is permitting reform? The critical energy provision buried in debt-ceiling negotiations
cnn.com/2023/05/24/politics/energy-permitting-debt-ceiling-climate/
European shares slump to three-week lows on UK inflation shock, debt ceiling concerns
reuters.com/markets/europe/european-shares-slump-1-global-risk-mood-sours-2023-05-24/
Biden meets McCarthy, Hill leaders as liberals eye debt ceiling deal warily: White House spurs concerns among Democratic allies as negotiators weigh new limits ...
washingtonpost.com/business/2023/05/16/biden-debt-ceiling-2023-gop-demands/
Quick Glance: Biden and House Republicans Gear Up for Crucial US Debt-Ceiling Talks
- Democratic and Republican staff are working to find common ground on spending levels and energy regulations.
- The White House has not ruled out annual spending caps.
- Republicans will only vote to raise the debt ceiling if sharp spending cuts are agreed upon.
- Failure to lift the limit could trigger a sharp economic downturn.
Ringgit ends broadly lower against US dollar: KUALA LUMPUR: The ringgit closed broadly lower against the US dollar today in tandem with other regional currencies ...
thestar.com.my/business/business-news/2023/05/23/ringgit-ends-broadly-lower-against-us-dollar
Stocks have barely flinched at the threat of the U.S. defaulting on its debt — but a new analysis says the lack of movement in markets could mean things get ... Show more https://yhoo.it/43kWOTw
U.S. households are hitting their own debt ceiling. Here's how you can avoid default
cnbc.com/2023/05/17/households-are-hitting-their-own-debt-ceiling-how-to-avoid-
Quick Glance: Americans’ Debt Surpasses $17 Trillion for the First Time
- Americans' debt levels continue to climb to new heights at a time when economic conditions are becoming increasingly less stable.
- Credit card debt has been rising at the sharpest pace of any debt covered in the report, according to Ted Rossman, Senior Industry Analyst at Bankrate.
- Last year, 39% of Americans carried debt month to month.
- Inflation, spending increases since the pandemic, and typical consumer behavior are the primary culprits.
Find the answers to your questions about #inflation , the debt ceiling, and the recent bank failures on this week's episode of Investing Insights 🎙️
Fox News Host Confronts Ted Cruz on Votes to Raise Debt Limit Under Trump: Congress raised the debt ceiling three times under Donald Trump with little or no ...
newsweek.com/fox-news-host-confronts-ted-cruz-votes-raise-debt-limit-under-trump-1801665
When Will the U.S. Run Out of Cash? The Answer Is Complicated.: The federal government is essentially living paycheck to paycheck, making the X-date hard to pin ...
nytimes.com/2023/05/18/us/politics/debt-ceiling-xdate.html
Exclusive: White House says McCarthy debt ceiling plan would kill thousands of green jobs in GOP districts
usatoday.com/story/news/politics/2023/04/20/white-house-mccarthy-plan-green-jobs/11703701002/
Quick Glance: Biden rejects Republican spending cuts and warns of a catastrophic government default
- President Biden rejected a Republican plan to cut government spending and extend the debt ceiling on Wednesday, calling the measures "wacko" and threatening a catastrophic federal default.
- "President Biden, Leader Schumer, and Leader Jeffries agree that we won't negotiate over default and Republicans should pass a clean bill like they did three times in the previous administration," a White House readout of the call said, referring to the three times Congress raised the debt limit without Republicans insisting on conditions during the Trump administration.
White House and Republicans start to shape debt ceiling deal: Shape of agreement begins to emerge as talks intensify in bid to avoid unprecedented national ...
ft.com/content/0b4ecf56-c2c7-41e7-b16c-1462955bcb3b
Paid articlePaidQuick Glance: Uncertainty Surrounds Debt Limit Deadline Due to Low Tax Collections
- The uncertainty mainly arises from the lower-than-expected federal tax collections, which leave Congress and the White House with less time to reach an agreement.
- The unclear timeline adds an extra political challenge for President Biden and House Speaker Kevin McCarthy (R-Calif.), who met at the White House on Tuesday.
- McCarthy secured the passage of a bill in the House last month that would raise the debt ceiling until next year.
- As the clock ticks and tensions rise, there is a possibility that Congress could adopt a short-term extension of the debt ceiling to create enough time for an agreement - an idea that Biden has not ruled out.
Opinion: Why is the climate on the table in the debt ceiling fight? : Kevin McCarthy and the House Republicans are willing to risk not just default over the debt ...
latimes.com/opinion/story/2023-05-18/debt-ceiling-green-new-deal-climate-change-republican-party
In debt ceiling standoff, COVID era of big spending gives way to new focus on deficit
detroitnews.com/story/news/nation/2023/05/13/in-debt-ceiling-standoff-covid-big-spending-focus-on-deficit/70215393007/
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