| 单词 | debt ceiling |
| 例句 | But Congress must act to raise the debt ceiling by Aug. 2, and the plan discussed in the Senate Tuesday was just a framework, not specific legislation that could take weeks to move through Congress. White House open to short-term debt deal 2011-07-20T18:34:00Z But a few days later, Obama told The Associated Press in an interview that raising the debt ceiling wasn't going to happen without some cuts. Debt debate forces Obama to shift stances 2011-07-23T11:42:00Z Durbin, speaking from the Senate floor, noted that raising the debt ceiling has been done 89 times since 1939: 55 times by Republican presidents and 34 times by Democratic presidents. Durbin: 'Fate of American economy' at stake 2011-07-30T18:57:00Z A second increase in the debt ceiling would be allowed later this year, but only after work is done to further decrease federal spending. Senate approves debt-ceiling increase 2011-08-02T16:42:00Z The House of Representatives began debate on Friday on a Republican-backed bill that slashes spending over a decade to raise the debt ceiling in two stages. Advertising blitz seeks to sway debt debate 2011-07-29T21:43:06Z This isn't the first time that such modifications to the program, which already underwent a massive shift earlier this month as part of Biden's debt ceiling concessions, have been suggested. Policing the grocery carts of poor Americans won't make for a healthier country 2023-06-26T04:00:00Z Last year, Obama’s failure to lead on fiscal issues resulted in the debt ceiling political wrangle, a downgrade from Standard and Poor’s, and the Super Committee fiasco. President Obama's Disappointing Health Care Budget 2012-02-21T15:24:29Z Only four democrats voted against the debt ceiling and budget cuts package that passed the Senate in early June and was then ultimately approved by President Joe Biden. How Biden's debt ceiling concessions screwed over folks who need SNAP 2023-06-18T04:00:00Z By the way, he voted to raise the debt ceiling five different times without compensating cuts. Mitt Romney goes on attack as Rick Santorum improves in polls 2012-02-18T09:41:00Z Having faced down the right and avoided the fiscal cliff, Obama might prevail again over the raising of the debt ceiling. The Future by Al Gore – review 2013-01-31T12:00:00Z What is the true entertainment value of six jokes about the debt ceiling? What can reverse late-night TV’s decline? 2022-05-23T04:00:00Z Did you guys play that game this week where you take a shot every time someone said "debt ceiling"? Pop Torn: 10 pieces of cultural ambivalence 2011-07-30T15:01:00Z How did President Obama persuade Speaker Boehner to resume debt ceiling negotiations? Style Invitational Week 1103: Themes good to us — pair a TV show and a song 2014-12-18T05:00:00Z "We do not need to play chicken with our economy by linking the raising of the debt ceiling to anything," White House spokesman Jay Carney said April 11. Debt debate forces Obama to shift stances 2011-07-23T11:42:00Z But to take a section of the bill and put it into the debt ceiling is pretty difficult I think at this point.” Durbin: 'Gang of 6' plan not part of debt talks 2011-07-20T19:57:00Z The negotiations are focusing on a menu of "trigger" mechanisms to bring about further deficit-reduction measures, without resorting to holding the debt ceiling hostage to those votes. Debt crisis focus shifts to Senate 2011-07-30T03:46:00Z But knowing I was running a deficit that even a Frugal Traveler Congress wouldn’t raise the debt ceiling on, I abstained. Frugal Traveler Blog: $100 Weekend in Madrid 2011-08-23T20:08:18Z The likely compromise would be similar to major elements of Boehner's plan but would drop his requirement that Congress go through another potentially protracted debate over the debt ceiling in a matter of months. Debt crisis focus shifts to Senate 2011-07-30T03:46:00Z Obama fought Republicans for much of the summer to lift the U.S. debt ceiling in a bitter debate that saw rating agency Standard & Poor's cut the U.S. Reports: Obama to propose $300 billion jobs package 2011-09-07T14:47:03Z A key issue remains how Congress could force further spending cuts next year, rather than hold another increase in the debt ceiling hostage to a prolonged debate. Senate debt vote delayed, Reid optimistic 2011-07-31T03:08:00Z "The stakes could not have been higher," Biden said after approving the debt ceiling package, also called the Fiscal Responsibility Act. How Biden's debt ceiling concessions screwed over folks who need SNAP 2023-06-18T04:00:00Z But we’re drawn into it now because many senators and congressmen are saying they won’t extend the debt ceiling unless there’s a clear path to long-term deficit reduction. Durbin: 'Gang of 6' plan not part of debt talks 2011-07-20T19:57:00Z But when Mr. Biden accused some Republicans of wanting to use the debt ceiling to force cuts to Social Security and Medicare, GOP representatives hooted and howled. At the State of the Union, Republicans Give Biden the Gift of Heckling 2023-02-08T05:00:00Z If anything, it helps put into context the insane debt ceiling / fiscal cliff / sequestration cut controversy, which is pretty much screaming Amygdala, Amygdala! Are Republican brains different? 2013-02-22T13:02:00Z He has said that his first priority is to get tax reform passed this year, and is playing a key role in urging Congress to raise the debt ceiling. A Weekend Wedding for Steven Mnuchin 2017-06-22T04:00:00Z Now legislators are jockeying over raising the debt ceiling, which limits how much the federal government can borrow to pay its bills. These four challenges will shape the next farm bill — and how the US eats 2023-05-08T04:00:00Z But with federal spending slated for a cut of at least $2.1 trillion over the next decade as part of the debt ceiling deal, additional stimulus spending from Washington is unlikely. Stocks take a beating worldwide 2011-08-05T02:12:00Z In August, a standoff with Congress over raising the nation's debt ceiling brought the U.S. to the brink of an unprecedented default. Daley resigns as White House chief of staff 2012-01-10T02:47:00Z Leaving aside the reference to the debt ceiling ... did Jay-Z just give a shout-out to the Internet phenomenon known as planking? Hip-hop stays current by mining Internet memes 2011-08-16T19:17:00Z WASHINGTON— A measure to cut spending and raise the U.S. debt ceiling to avert an unprecedented default gained enough votes to pass the Senate on Tuesday, as voting continued. U.S. Senate passes debt plan 2011-08-02T16:39:00Z It had already been a grueling year for Obama, including a tough summer of fighting with Republicans over the debt ceiling and related budget issues. Obama surprised by Daley's resignation 2012-01-09T19:42:00Z Other jokes targeted Representative George Santos, negotiations over the debt ceiling and the College Board’s revision of its curriculum for an Advanced Placement course in African American Studies. ‘S.N.L.’ Gives Comic Voice to the Downed Chinese Spy Balloon 2023-02-05T05:00:00Z Although Obama doesn’t turn 50 until Thursday, his visit symbolized presidentially and politically a need to turn the corner following weeks of bruising debate over raising the nation’s debt ceiling and cutting the country’s deficit. Obama tries to turn page in Chicago 2011-08-04T01:49:00Z Some don't want to raise the debt ceiling at all. Debt crisis focus shifts to Senate 2011-07-30T03:46:00Z Throughout the process, Congress will be able to vote to deny the additional debt ceiling increases, but Obama is expected to be able to veto those objections. Senate approves debt-ceiling increase 2011-08-02T16:42:00Z It was Boehner, Obama recalls in his recent memoir, who first broached the threat of not raising the debt ceiling in 2011 — a radical move that would have sent the nation into default. The Divided Mind and Politics of John Boehner 2021-04-08T04:00:00Z Tied to a standoff over raising the debt ceiling, the bill would also make Medicaid — the U.S. program that helps low-income and disabled people get health care — contingent on work requirements for some eligible Americans. SNAP work requirements drastically limit the availability of food aid 2023-05-11T04:00:00Z They are developing what the White House calls "new initiatives" to spur economic growth by way of congressional action or — if negotiations become a repeat of the debt ceiling stalemate — unilaterally by Obama's executive order. Obama jobs plan may include hiring tax break 2011-08-18T00:41:00Z Obama's tone may reflect lessons learned in the debt ceiling fight. Obama jobs plan may include hiring tax break 2011-08-18T00:41:00Z "When he owned Congress" — as was the case during the debt ceiling fight — "Congress was dragging him down." Obama's tax cut victory reflects a change in tactics 2011-12-24T01:59:00Z And once again, we hear about the rise of the Tea Party and the president’s clashes with Republicans in Congress over the budget, the debt ceiling and sequestration. Books of The Times: ‘The Center Holds,’ by Jonathan Alter 2013-06-02T20:54:13Z Prior to the debt ceiling agreement, South Dakota Rep. Dusty Johnson proposed the America Works Act of 2023, seeking to extend work-for-food rules to age 65. Food stamp work rules harm older, poor Americans 2023-09-13T04:00:00Z The scenario was similar the previous Sunday night, when President Barack Obama announced an agreement with legislative leaders to raise the nation's debt ceiling. Rivals twice seize opportunity from CNBC 2011-08-09T00:31:05Z Some lawmakers hoped the plan could be linked to the ongoing stalemate over raising the nation’s debt ceiling. Durbin: 'Gang of 6' plan not part of debt talks 2011-07-20T19:57:00Z When she made a surprise appearance on the House floor last summer to vote for raising the nation's debt ceiling, she received a bipartisan standing ovation. Rep. Gabrielle Giffords stepping down 2012-01-23T06:47:00Z There were widespread expectations on Capitol Hill that Boehner would unveil debt ceiling legislation by that session, if not earlier. GOP going solo after bipartisan talks collapse 2011-07-25T10:20:00Z Obama spent weeks holed up in meetings with congressional leaders, trying to resolve a stalemate over raising the debt ceiling. Obama's tax cut victory reflects a change in tactics 2011-12-24T01:59:00Z Depleted by departures, the group hasn't gotten a break since the start of the debt ceiling negotiations that ended Aug. 2, administration officials say. Obama jobs plan may include hiring tax break 2011-08-18T00:41:00Z Fitch had warned months earlier that “debt ceiling brinkmanship” and the continued questioning of the 2020 presidential election were worrisome signs. Opinion: The GOP shutdown drama in Washington costs us plenty, even when Congress averts a stoppage 2023-11-16T05:00:00Z Democrats and many Republicans want to stick to the $1.59 trillion that Biden and McCarthy set in their debt ceiling agreement earlier this year. US Congress tries to overcome partisan logjam to avert government shutdown 2023-11-14T05:00:00Z Democrats and many Republicans want to stick to the $1.59 trillion level that Biden and McCarthy set in their debt ceiling agreement earlier this year. New US House speaker tries to muster his Republicans to avert government shutdown 2023-11-13T05:00:00Z “I think that it really is a governance issue and I think the question is how we can navigate extending this debt ceiling and getting a budget passed.” Moody's changes US ratings outlook to negative, affirms AAA 2023-11-10T05:00:00Z The move follows a rating downgrade of the sovereign by another ratings agency, Fitch, this year, which came after months of political brinkmanship around the U.S. debt ceiling. Moody's turns negative on US credit rating, draws Washington ire 2023-11-11T05:00:00Z Mr. Biden had planned to visit Australia in May but canceled his trip due to debt ceiling negotiations. Biden, Australian prime minister to discuss Chinese aggression, nuclear submarine deal 2023-10-25T04:00:00Z This one is something of a consolation prize for Albanese after Biden scrapped his plan to visit Australia in May because of a standoff with House Republicans over the debt ceiling. Australia state visit to feature talk of submarines and tech partnerships — and a lavish dinner 2023-10-25T04:00:00Z In May, Biden made his case on the debt ceiling issue in a New York congressional district that Republicans won by a narrow margin. Biden takes jobs message to Republican hardliner Lauren Boebert's district 2023-10-16T04:00:00Z In their view he proved that by striking a deal with Democrats in June to raise the debt ceiling without extracting the deep cuts they wanted. Kevin McCarthy has gone. Why was he removed and who might replace him? 2023-10-04T04:00:00Z The work with Democrats to suspend the debt ceiling. Column: McCarthy's fall was sudden, but a long time coming 2023-10-03T04:00:00Z On Saturday, the speaker relied on Democratic votes to avert a government shutdown; earlier this year, he worked with Democrats to suspend the nation’s debt ceiling so the United States could pay its bills. Kevin McCarthy could lose the speakership this afternoon 2023-10-03T04:00:00Z The two chambers have opposing views on spending caps set in the debt ceiling deal brokered by the speaker and White House. Congress dodged a federal shutdown but more spending fights and House infighting are in the offing 2023-10-01T04:00:00Z It’s true about election certification, the debt ceiling and a government shutdown. A government shutdown looms 2023-09-29T04:00:00Z Republican leaders and President Joe Biden, a Democrat, had agreed to approve those bills in their deal to raise the debt ceiling earlier this year, but, well, you know how it is. Much is at stake as Republicans lurch toward shutdown | Editorial 2023-09-28T04:00:00Z Fitch's, another major ratings agency, already downgraded the U.S. government to "AA+" after a debt ceiling crisis in June. US Senate, House hold procedural votes as partial government shutdown looms 2023-09-28T04:00:00Z Earlier this year, House Speaker Kevin McCarthy managed to work out a modestly successful deal with Democrats that extended the debt ceiling until 2025. Column: What the Republicans forcing a government shutdown have in common with 1960s radicals 2023-09-26T04:00:00Z It’s also a spending category that has already been subject to more than a decade of austerity, ever since President Barack Obama made concessions to Republicans during the debt ceiling confrontation of 2011. Why Kevin McCarthy can’t do his job | Paul Krugman 2023-09-25T04:00:00Z The more extreme parts of the Republican House membership seemed as if they might use the debt ceiling debate to insist on large spending cuts. A government shutdown looms 2023-09-29T04:00:00Z In June, the two chambers signed the agreement to raise the debt ceiling, suspending the debt limit until 2025. House GOP tees up another attempt to approve spending bills as Trump, McCarthy clash on shutdown 2023-09-25T04:00:00Z The debt ceiling crisis, even though it was resolved before a potential debt default, was a major factor leading another credit rating agency, Fitch, to downgrade its U.S. rating by one notch in August. Moody's warns US government shutdown would be 'credit negative' 2023-09-25T04:00:00Z Early this year, lawmakers waged a protracted battle to raise the debt ceiling. Wall St Week Ahead Fed-wary investors eye mounting risks to US stock rally 2023-09-22T04:00:00Z Freedom Caucus members have long held that spending should be much lower than the levels agreed to by Mr. McCarthy and President Biden in the debt ceiling deal last spring. House Republicans negotiating package of spending bills with time running out to fund government 2023-09-21T04:00:00Z While the debt ceiling deal ostensibly "capped" all spending at 2023 levels for two years, nobody said that appropriations bills which had to be finished by September 30 couldn't be cut to the bone. Kevin McCarthy has officially lost all control of his GOP "clown show" 2023-09-20T04:00:00Z At its core, House Republicans are trying to undo the deal McCarthy reached with Biden earlier this year to set federal funding levels as part of the debt ceiling fight. Speaker McCarthy faces an almost impossible task trying to unite House GOP and fund the government 2023-09-19T04:00:00Z A government shutdown is not seen as toxic a threat to the economy as a default on its debt, which Congress avoided by raising the debt ceiling earlier this year. Full US government shutdown likely, could impact Fed -PIMCO 2023-09-19T04:00:00Z In May, he stood next to other Democratic senators to discuss debt ceiling negotiations wearing a white hoodie, gym shorts and sneakers. Schumer relaxes dress code for the Senate, clears the way for hoodies and shorts in the chamber 2023-09-18T04:00:00Z Remember when the House speaker valiantly compromised with President Biden on the debt ceiling and averted a government shutdown? Opinion: Hunter Biden's problems are legitimately his dad's problems too 2023-09-08T04:00:00Z Last time the fight was over the debt ceiling. Congress, what could be more important than feeding mothers and children? | Editorial 2023-09-07T04:00:00Z When Biden and McCarthy struck a deal to suspend the nation’s debt ceiling in June, it included provisions for topline spending numbers. Congress returns to try to stave off a government shutdown while GOP weighs impeachment inquiry 2023-09-04T04:00:00Z You'll recall that the House Freedom Caucus was quite bent out of shape last spring when Kevin McCarthy made a deal with the Democrats to raise the debt ceiling. Republicans demand a ransom: Defund the prosecution of Donald Trump or else 2023-08-30T04:00:00Z Some House Republicans say the challenges on appropriations are similar to disagreements McCarthy has overcome on other major legislation, including an April Republican debt ceiling bill that cemented his negotiating position in talks with Biden. Republican feud over 'root canal' spending cuts raises US government shutdown risk 2023-08-21T04:00:00Z Some House Republicans say the challenges are similar to disagreements McCarthy has overcome on other major legislation, including an April Republican debt ceiling bill that cemented his negotiating position in talks with Biden. Republican feud over 'root canal' spending cuts raises US gov't shutdown risk 2023-08-21T04:00:00Z Cuts to those programs were front and center in the battle over the debt ceiling deal earlier this year. Christie calls for overhaul to Social Security, Medicare eligibility 2023-08-19T04:00:00Z Over the last four weeks, they have wiped out all inflows the category had seen since the debt ceiling resolution at the end of May, the data showed. Meme stocks ride on, though investors more cautious than GameStop era 2023-08-18T04:00:00Z Meadows also serves as an informal adviser to the hard-right House Freedom Caucus, reportedly helping to guide the group's rebellion against Kevin McCarthy's speakership bid and its strategy during the debt ceiling talks. Mark Meadows surfaces at last — and it sure looks like he's flipped on Trump 2023-08-16T04:00:00Z Work had been blocked by the 4th Circuit, even after Congress ordered the project’s approval as part of the bipartisan bill to increase the debt ceiling. US appeals court dismisses motion challenging permits for natural gas pipeline 2023-08-11T04:00:00Z Work had been blocked by the 4th Circuit, even after Congress ordered the project’s approval as part of the bipartisan bill to increase the debt ceiling. Appeals court dismisses motion challenging permits for Mountain Valley Pipeline 2023-08-11T04:00:00Z On May 25, Fitch warned of an impending downgrade if the debt ceiling standoff between House Republicans and the White House were not resolved. Column: A big credit rating agency just downgraded the U.S. Should you worry? 2023-08-08T04:00:00Z While aggressive fiscal spending could continue, given the debt ceiling has been raised, fiscal policy has limits as deficits would widen - one of the reasons for Fitch's downgrade. Morgan Stanley warns of hit to equity valuation if US fiscal spending is cut 2023-08-07T04:00:00Z Would it have been better to cut the U.S. credit rating during the debt ceiling debate? ‘Vindicating’: An Analyst Who Lowered the U.S.’s Credit Rating in 2011 on Fitch’s Downgrade 2023-08-05T04:00:00Z Payments from the program ceased following the passage of the debt ceiling deal by Congress. GOP lawmakers call for investigation into Planned Parenthood COVID-19 relief money 2023-08-03T04:00:00Z In Washington, Bishop has positioned himself to the right of McCarthy, pushing back at the House leadership team for the debt ceiling and budget deal the speaker reached with President Joe Biden. US Rep. Dan Bishop announces a run for North Carolina attorney general 2023-08-03T04:00:00Z “The timing was odd, given that it occurred well after the debt ceiling issue was resolved.” Stock market today: Asia mixed after the US government’s credit rating was cut 2023-08-02T04:00:00Z In late May, Fitch had placed the ratings of the mortgage finance giants on watch for a possible downgrade as U.S. lawmakers' negotiations to raise the government's debt ceiling dragged on without a resolution. Fitch downgrades Fannie Mae, Freddie Mac after US rating cut 2023-08-02T04:00:00Z But Francis said the deterioration also was reflected in this year's debt ceiling fight, and the increasing polarization of both major political parties, making compromise harder to achieve. Yellen: Fitch downgrade 'entirely unwarranted' amid US economy's strength 2023-08-02T04:00:00Z The U.S. government naturally delivered some sharp comebacks in response to the move, which came months after the Biden administration scraped together a deal with conservative lawmakers to avoid a debt ceiling crisis. Morning Bid: Markets shake off surprise US credit downgrade 2023-08-02T04:00:00Z The move comes two months after a bruising partisan fight over the federal debt ceiling, which was ultimately raised. Biden officials protest 'bizarre' Fitch downgrade, cite Trump-era woes 2023-08-02T04:00:00Z In June the government succeeded in lifting the debt ceiling to $31.4 trillion but only after a drawn-out political battle, threatening to push the country into defaulting on its debts. Fitch downgrades US credit rating from AAA to AA+ 2023-08-01T04:00:00Z The move to cut U.S ratings on Tuesday drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago. Fitch downgrades Fannie Mae, Freddie Mac after US rating cut 2023-08-02T04:00:00Z "It's really the just the troubled negotiations that take place every time we have a debt ceiling or budget negotiation. We're preparing for another shutdown in the fall. We have to move beyond this." Instant View: Fitch downgrades U.S. foreign currency ratings to 'AA+' from 'AAA' 2023-08-01T04:00:00Z The downgrade follows a debt ceiling agreement in June that came after months of political brinkmanship and ultimately lifted the government's $31.4 trillion debt ceiling. Fitch cuts US government's AAA credit rating by one notch 2023-08-01T04:00:00Z It echoes a U.S. downgrade in 2011 by rival ratings agency Standard and Poor's, days after a similar debt ceiling fight also threatened a U.S. default. Biden officials protest 'bizarre' Fitch downgrade, cite Trump-era woes 2023-08-02T04:00:00Z Another credit rating agency, Standard & Poor's, has already reduced the US's rating from the top AAA status to AA+ following a similar row over the debt ceiling in 2011. Fitch downgrades US credit rating from AAA to AA+ 2023-08-01T04:00:00Z He criticized the fixation on culture war issues in Washington and hyper-partisan political battles, such as over the debt ceiling a few months ago. Sen. John Fetterman: Congress ‘fixated on a lot of dumb s—-‘ 2023-07-30T04:00:00Z McCarthy countered that people had the same doubts about whether House Republicans and the White House could reach an agreement to pass a debt ceiling extension and avoid a default. Members of Congress break for August with no clear path to avoiding a shutdown this fall 2023-07-28T04:00:00Z It has risen nearly 10 percentage points since June 1, over which time the U.S. government avoided a debt ceiling default and consumer prices cooled, while growth stayed resilient. Wall St Week Ahead Hopes of 'Goldilocks' economy, rate peak buoy US stocks 2023-07-28T04:00:00Z The Treasury has largely relied on sales of bills since the debt ceiling was suspended in June to replenish its cash holdings and fund its growing budget deficit. Auction sizes set to increase at US Treasury refunding 2023-07-28T04:00:00Z Circuit Court of Appeals in Richmond, Virginia, even after Congress ordered the project’s approval as part of the bipartisan bill to increase the debt ceiling. Supreme Court allows construction to resume on the Mountain Valley Pipeline 2023-07-27T04:00:00Z Work on the Mountain Valley Pipeline had been blocked by the federal appeals court in Richmond, Virginia, even after Congress ordered the project’s approval as part of the bipartisan bill to increase the debt ceiling. Supreme Court allows construction to resume on the Mountain Valley Pipeline 2023-07-27T04:00:00Z Congress passed earlier this year, as part of a measure to lift the nation’s debt ceiling, watered-down permitting reform that implemented legal shot-clocks for environmental reviews of energy projects. Manchin touts energy policy as the key to combating blackouts — and boosting Biden’s green agenda 2023-07-26T04:00:00Z The organization’s economists said that when the U.S. was able to fend off an unprecedented default by resolving the debt ceiling standoff earlier this summer, that in part “moderated adverse risks to the outlook.” IMF global economic outlook sees slight growth, but inflation still a drag 2023-07-25T04:00:00Z The legislation addressing the pipeline was part of a bipartisan bill to raise the debt ceiling. US Supreme Court asked to set aside ruling that blocks construction on Mountain Valley Pipeline 2023-07-24T04:00:00Z In May, the White House and Republican leaders struck a deal that included lifting the debt ceiling to avoid the U.S. potentially defaulting on its debts. Biden will veto House military, health and agriculture spending bills 2023-07-24T04:00:00Z The legislation addressing the pipeline was part of a bipartisan bill to raise the debt ceiling. U.S. Supreme Court asked to set aside ruling that blocks construction on Mountain Valley Pipeline 2023-07-24T04:00:00Z At the Iowa event, Mr. Pence cited Mr. Biden’s debt ceiling deal with House Speaker Kevin McCarthy as an example of a proposed 1 percent cut to the military. Fact-Checking Mike Pence on the Campaign Trail 2023-07-22T04:00:00Z Treasury started rebuilding its account through T-bills after the government's debt ceiling was suspended last month. US banks' reserves steady, assuaging liquidity drainage fears 2023-07-21T04:00:00Z House Republicans built a $1.4 billion reduction to the IRS into the debt ceiling and budget cuts package passed by Congress this summer. IRS steps toward a new free-file tax return system have both supporters and critics mobilizing 2023-07-19T04:00:00Z The Centers for Disease Control and Prevention reductions were confirmed earlier this month by Kaiser Family Foundation Health News, which obtained an email from agency officials linking cuts to the recent debt ceiling deal. WA loses $2.5 million in federal money for vaccine programs 2023-07-18T04:00:00Z House Republicans built a $1.4 billion reduction to the IRS into the debt ceiling and budget cuts package passed by Congress earlier this summer. IRS says it collected $38 million from more than 175 high-income tax delinquents 2023-07-14T04:00:00Z It was a highly unusual provision that was tucked into legislation that had nothing to do with pipelines — the law to raise the debt ceiling. Mountain Valley Pipeline Halted as Legal Wrangling Heats Up 2023-07-12T04:00:00Z They were unhappy that McCarthy’s deal with Biden earlier this summer to avoid hitting the debt ceiling didn’t go far enough — then grew furious when he used Democratic votes to overcome their objections. The House is in chaos again, but it's just another week for Kevin McCarthy 2023-07-13T04:00:00Z A Treasury official said reports for the bill maturing on June 8 were chosen to gain some insight into Treasury market dynamics surrounding the debt ceiling uncertainty. US Treasury seeks large position reports on bill maturing around debt ceiling deadline 2023-07-11T04:00:00Z “Due to debt ceiling negotiations, it is likely there will be other impacts to public health over time.” WA loses $2.5 million in federal money for vaccine programs 2023-07-18T04:00:00Z The law was passed last month as part of a bipartisan bill to raise the debt ceiling. Appeals court again blocks construction on Mountain Valley Pipeline 2023-07-11T04:00:00Z Senate negotiators, who were largely sidelined during the recent talks between House Republicans and the White House over the federal government's $31.4 trillion debt ceiling, were working on bills that are attracting strong bipartisan support. Fresh spending showdown looms as US Congress returns to Washington 2023-07-10T04:00:00Z Agency officials linked the reduction to the debt ceiling deal recently struck by the Biden administration and Congress. CDC to Reduce Funding for States’ Child Vaccination Programs 2023-07-07T04:00:00Z During the debt ceiling impasse in May, House Republicans pushed cuts in government spending that the Biden administration said would have slashed SBA and other small business assistance programs by 22%. Kamala Harris touts the small business side of 'Bidenomics' at Santa Monica restaurant 2023-07-06T04:00:00Z Members of the caucus have been McCarthy's greatest challengers, especially after his recent fight to compromise on the debt ceiling deal. House Freedom Caucus votes to kick out MTG after she blew up at Lauren Boebert: report 2023-07-06T04:00:00Z After several false starts, the Biden administration has been legally blocked from extending the payment suspension due to provisions in the deal he signed earlier this month to raise the debt ceiling. Supreme Court's student loan ruling throws wrench in Biden's plan to aid borrowers as payments resume 2023-06-30T04:00:00Z But that bill died once debt ceiling negotiations began between the White House and Speaker Kevin McCarthy. Congress has the power to forgive student loans, but it’s exceedingly unlikely to do so. 2023-06-30T04:00:00Z But as part of an agreement between Biden and Speaker Kevin McCarthy to raise the debt ceiling, the pause will be lifted no later than Aug. 30. Student Loans Decision Unravels One of Biden’s Signature Efforts 2023-06-30T04:00:00Z The debt ceiling legislation earlier this month prohibited any further extensions, and the Department of Education has said that repayments will resume in October. Student-loan ruling may be windfall for US deficit reduction 2023-06-30T04:00:00Z In the compromise struck to lift the debt ceiling, however, Congress ordered interest charges to resume at the end of August regardless of when the justices rule. What should borrowers do now that Biden's college debt forgiveness plan is dead? 2023-06-30T04:00:00Z Stubbornly high inflation, a debt ceiling brawl, a brief banking crisis and the prospect of even higher interest rates: The past six months brought much to unsettle even the most optimistic investor. Wall St. Foresees a Rosy 6 Months. Corporate America Isn’t So Sure. 2023-06-30T04:00:00Z The nation’s fiscal health became the focal point of debate during the latest round of debt ceiling negotiations. US public debt is projected to reach 181% of American economic activity in 30 years 2023-06-28T04:00:00Z Republican appropriators agreed to embrace the lower levels to meet the demands of the Freedom Caucus after they shut down the House to register their ire at the debt ceiling deal. House G.O.P. Uses Spending Bills to Pick Partisan Policy Fights 2023-06-23T04:00:00Z Now that the debt ceiling battle is behind us, and the Treasury is issuing a huge amount of fresh debt, it’s fair to say, once again, that those investments are safe. Yes, There Are Alternatives to Stocks 2023-06-23T04:00:00Z Under the federal spending limits established in the debt ceiling deal, domestic spending is capped at $704 billion and defense spending is set at $886 billion. Senate Democrats set up showdown with House GOP over federal spending 2023-06-22T04:00:00Z Mr. Biden invited Anthony Albanese, the prime minister of Australia, for a state visit after he canceled a trip there in May because of negotiations over the debt ceiling with congressional Republicans. State Dinners: Who Gets Them, Who Doesn’t and Why They Matter 2023-06-22T04:00:00Z “Democrats have no interest in cutting spending. They have to be forced to do so. We should have used the debt ceiling to force them to cut spending,” said Rep. Bob Good, Virginia Republican. Congress to move a step closer to fiscal gridlock with unveiling of Senate spending measures 2023-06-21T04:00:00Z But as part of an agreement between Biden and Speaker Kevin McCarthy to raise the debt ceiling, the pause button wou be released “60 days after June 30,” making student loan repayments due again. Student Loan Pause Is Ending, With Consequences for Economy 2023-06-21T04:00:00Z Most recently, the agency lost some of that money after the president and Congress agreed to claw back more than $20 billion in exchange for suspension of the country’s $31.4 trillion debt ceiling. IRS reduces tax return backlog by 80% and is doing better job answering the phone 2023-06-21T04:00:00Z On June 3rd, President Joe Biden signed a bill into law that lifted the government's debt ceiling and capped some categories of government spending. Ultimate all-American slush fund: Budget loophole could send Pentagon spending soaring even higher 2023-06-21T04:00:00Z “Biden’s approval is frozen in place despite the debt ceiling deal and a recovering stock market; yet Trump’s numbers are also unshaken after an unprecedented federal indictment.” Biden has rough start to summer with twice-indicted Trump beating him in polls 2023-06-19T04:00:00Z “The debt ceiling bill set a ceiling, not a floor,” said House Appropriations Committee Chairwoman Kay Granger, Texas Republican. Congress to move a step closer to fiscal gridlock with unveiling of Senate spending measures 2023-06-21T04:00:00Z The announcements delighted Republicans who had criticized McCarthy, R-Calif., and opposed the debt ceiling legislation because they felt that agreement allowed too much spending. Some Democrats are already warning of a government shutdown as budget battle with GOP takes shape 2023-06-17T04:00:00Z DeLauro stressed Thursday that she voted against the debt ceiling agreement because of its proposed domestic spending cuts. GOP accused of breaking debt ceiling deal and "threatening a government shutdown" 2023-06-16T04:00:00Z Maybe there's a "debt ceiling" in this country, but there's no ceiling at all when it comes to funding the military. My visit to Mars, in NYC: Is living on a smoke-bomb planet our future? 2023-06-16T04:00:00Z The targets would maintain defense spending at the $866 billion level agreed in the debt ceiling legislation. U.S. House Republicans target deeper spending cuts, raising shutdown threat 2023-06-15T04:00:00Z The gas stove vote was among the first the House has taken since last week, when a group of conservatives halted all floor action in protest of Speaker Kevin McCarthy’s concessions during debt ceiling negotiations. House Republicans, warning of gas stove bans, blame California 2023-06-14T04:00:00Z Under the debt ceiling agreement, the White House said nondefense spending was expected to be roughly flat in the next budget year and increase by 1% the following year. Some Democrats are already warning of a government shutdown as budget battle with GOP takes shape 2023-06-17T04:00:00Z Those across-the-board cuts would exceed the proposed spending reductions under the debt ceiling deal—though the process would also prevent a transfer of billions of dollars out of the Internal Revenue Service's budget. GOP accused of breaking debt ceiling deal and "threatening a government shutdown" 2023-06-16T04:00:00Z There may indeed be a "debt ceiling" in this country, but there seems to be no ceiling at all when it comes to funding that military. My visit to Mars, in NYC: Is living on a smoke-bomb planet our future? 2023-06-16T04:00:00Z The bill that passed this month suspending the debt ceiling set spending limits that strengthened their hand, and increased the political pressure on Speaker Kevin McCarthy to keep a tight lid on federal expenditures. Congressional Support for Aiding Ukraine Frays Amid Spending Battle 2023-06-14T04:00:00Z More than 40 million Americans will have to start making federal student loan payments again at the end of the summer under the terms of a debt ceiling deal approved by Congress. It might seem tempting to not pay your student loans. Here’s why that’s a bad idea 2023-06-14T04:00:00Z Last week, Clyde claimed GOP leadership had blocked his resolution from reaching the floor as retribution for his no vote on a bipartisan agreement to lift the debt ceiling, which leaders denied. House GOP passes resolution to overturn new federal gun regulation; Biden vows veto 2023-06-13T04:00:00Z But the hardliners, who want deeper spending cuts than those included in the McCarthy-Biden debt ceiling bill, said they stand ready to derail other measures as they seek greater influence over the House agenda. U.S. House breaks legislative logjam, advances Republican bills 2023-06-13T04:00:00Z Upset with the speaker using Democratic votes to hike the debt ceiling past the 2024 election, the rebels blocked a slew of GOP initiatives from coming to the floor last week. McCarthy OKs $130 billion spending cut, portending potential government shutdown 2023-06-13T04:00:00Z Rebellious lawmakers agreed to let the chamber vote on some matters yesterday, after seizing control of the floor in retribution for Speaker Kevin McCarthy’s role in the debt ceiling bill. Accenture Makes a $3 Billion Bet on A.I. 2023-06-13T04:00:00Z A fundamental reason why we have to talk about a debt ceiling and continue to borrow ever more money to pay bills like those due for Medicare, Medicaid, and food stamps is war. Americans in pain: Confronting the phantom limbs of America’s foreign wars 2023-06-13T04:00:00Z At the heart of their displeasure was a compromise that McCarthy struck with President Joe Biden on suspending the debt ceiling, which they viewed as inadequately cutting spending. McCarthy and conservatives reach a truce to allow House to move forward on bills 2023-06-12T04:00:00Z Hard-right Republicans are seeking, among other demands, spending caps below what Mr. McCarthy and Mr. Biden agreed to in the debt ceiling bill. Hard Right Agrees to Allow House Votes but Threatens Continued Blockade 2023-06-12T04:00:00Z The plunging revenue was responsible for forcing the debt ceiling fight on Capitol Hill. Spending is up, revenue is down as federal budget deficit tops $1 trillion 2023-06-12T04:00:00Z Lawmakers will also consider a bill that would repeal a federal firearms ban on pistol braces, which hardliners say Republican leaders initially pulled as punishment for opposition to the debt ceiling package. 'Livid' US House conservatives poised for next battle with McCarthy 2023-06-12T04:00:00Z With the U.S. debt ceiling wrangling over, focus may also turn to Monday's bill auction with the U.S. AMERICAS Markets in a spin ahead of interest rate decisions 2023-06-12T04:00:00Z The agreement, which raises the debt ceiling until January 2025, passed because of a coalition of House Republicans and Democrats. Speaker Kevin McCarthy vexed by conservative revolt as House returns to Washington 2023-06-11T04:00:00Z China's spectacular economic rise over the past 40 years, the fallout from the war in Ukraine and wrangling over the U.S. debt ceiling have put the dollar's status under fresh scrutiny. Exclusive: Russian banker Kostin says the end of U.S. dollar dominance is nigh 2023-06-09T04:00:00Z But the passage of a U.S. debt ceiling deal last week helped stave off a devastating default and empowered markets to break out of a range and move higher. Retail traders tiptoe back into U.S. stocks after 3-month hiatus 2023-06-09T04:00:00Z His debt ceiling compromise with Democratic President Joe Biden set limits that would keep discretionary government spending roughly flat for the current fiscal year and fiscal 2024, which begins on Oct. 'Livid' US House conservatives poised for next battle with McCarthy 2023-06-12T04:00:00Z A crisis that saw the biggest bank busts since the Great Recession also shook investor confidence, as did worries over a potentially catastrophic fight over lifting the U.S. debt ceiling. How US stocks rose 20% from their lows, and where they might be going 2023-06-09T04:00:00Z He got the White House to negotiate on a bill that suspends the debt ceiling into January 2025 while also producing a projected $1.5 trillion in deficit savings over the coming decade. Speaker McCarthy eyes new commission to tackle nation’s debt, but many Democrats are wary 2023-06-08T04:00:00Z “With the debt ceiling issue behind us, the challenge that lies ahead is to have some semblance of a regular appropriations process,” Senator Mitch McConnell, Republican of Kentucky and the minority leader, said on Wednesday. House Mutiny Leaves McCarthy Facing Tough Choices 2023-06-08T04:00:00Z CFA’s ambitions could be limited, however, by the effective freeze on funding increases at civilian agencies resulting from last month’s debt ceiling deal. Chief of CDC’s ‘weather service’ strives to help local health agencies use infectious disease forecasting 2023-06-08T04:00:00Z Norman and other conservatives want 12 appropriations bills that Congress will try to pass in coming months to contain deeper spending cuts included in a Republican debt ceiling bill that passed the House in April. 'Livid' US House conservatives poised for next battle with McCarthy 2023-06-12T04:00:00Z Hard-line Republicans hijacked the House floor yesterday, in retribution for Speaker Kevin McCarthy’s work in crafting the debt ceiling deal. Saudi Arabia’s Golf Deal Bolsters Its Geopolitical Ambitions 2023-06-07T04:00:00Z The speaker has asked Rep. Garret Graves, R-La., to work with him on the issue, which follows Graves’ work as one of the lead debt ceiling negotiators in talks with the White House. Speaker McCarthy eyes new commission to tackle nation’s debt, but many Democrats are wary 2023-06-08T04:00:00Z The intraparty feud raised concerns about whether Mr. McCarthy, who enraged conservatives by agreeing to the debt ceiling compromise, can continue to govern. How the Lionel Messi Deal Stymies Saudi Arabia’s Ambitions 2023-06-08T04:00:00Z Tighter rates put some attention back on Treasury's plans to refill its depleted coffers with a wave of new bill sales now that the debt ceiling has been lifted. Morning Bid: Canadian cloud, rates markets checked 2023-06-08T04:00:00Z Congress, for example, approved a suspension of the federal debt ceiling, thereby avoiding a U.S. default that could have caused a global economic meltdown. Is it a ‘skip’ or a ‘pause’? Federal Reserve won’t likely raise rates next week but maybe next month 2023-06-07T04:00:00Z Another key risk dissipated last week when Congress passed a bill to suspend the debt ceiling, averting a potentially catastrophic U.S. default. Fading risks, fear of missing out may fuel US stocks after near 20% rally 2023-06-08T04:00:00Z McCarthy refused to accept any tax increases as part of the debt ceiling talks. Speaker McCarthy eyes new commission to tackle nation’s debt, but many Democrats are wary 2023-06-08T04:00:00Z Now that the debt ceiling deal is law, the federal government will replenish its coffers by auctioning off roughly $1 trillion in Treasury bills this summer. How the Lionel Messi Deal Stymies Saudi Arabia’s Ambitions 2023-06-08T04:00:00Z “It’s going to take a lot to restore our faith that we can do that in light of what happened with the debt ceiling.” Hard Right Grinds House to a Halt, Rebuking McCarthy for the Debt Deal 2023-06-06T04:00:00Z “The root cause is still very much the whole debt ceiling standoff,” said Gennadiy Goldberg, an interest rate strategist at TD Securities. A $1 Trillion Borrowing Binge Looms After Debt Limit Standoff 2023-06-07T04:00:00Z “Moving past the debt ceiling and at least having some economic data that looks ok is actually enough to get some people interested,” said Keith Lerner, co-chief investment officer at Truist Advisory Services. Fading risks, fear of missing out may fuel US stocks after near 20% rally 2023-06-08T04:00:00Z More than 40 million Americans will be on the hook for federal student loan payments starting in late August under the terms of a debt ceiling deal approved by Congress last week. The pause on student loan payments is ending. Can borrowers find room in their budgets? 2023-06-07T04:00:00Z What led the conservatives to revolt Tuesday is not fully clear — they outlined a list of grievances over McCarthy’s leadership in handling the debt ceiling package. House conservatives block GOP bills, voice frustration in response to last week’s debt ceiling vote 2023-06-06T04:00:00Z It underscored the severe consequences Mr. McCarthy is facing for muscling through a debt ceiling agreement with the White House that contained only a fraction of the spending cuts Republicans had demanded. House Is Paralyzed as Far-Right Rebels Continue Mutiny Against McCarthy 2023-06-07T04:00:00Z The agreement, which hikes the debt ceiling until January 2025, passed because of a coalition of House Republicans and Democrats. Freedom Caucus paralyzes House to pressure McCarthy against accepting future deals with Democrats 2023-06-07T04:00:00Z The additional China spending would need to circumvent the $886 billion limit on military spending in the debt ceiling deal recently signed into law. Former NSA counterspy on Epstein spy links 2023-06-07T04:00:00Z "And so to pull a pin on the grenade and roll it under the tent of Republican unity, as was done … last week in the debt ceiling package, is untenable for leadership." MAGA Republicans torpedo GOP plan to stoke hysteria over gas stoves to get revenge on McCarthy 2023-06-07T04:00:00Z Asked if the protest was about the debt ceiling vote, Rep. Ralph Norman, R-S.C., said, “It’s about a lot of things.” House conservatives block GOP bills, voice frustration in response to last week’s debt ceiling vote 2023-06-06T04:00:00Z “There was an agreement in January and it was violated in the debt ceiling bill,” said Representative Ken Buck, Republican of Colorado. House Is Paralyzed as Far-Right Rebels Continue Mutiny Against McCarthy 2023-06-07T04:00:00Z Yellen said that legislation to lift the debt ceiling and reduce U.S. deficits by more than $1 trillion over a decade would support the Federal Reserve's efforts to bring down inflation. Yellen says U.S. economy strong but some areas slowing 2023-06-07T04:00:00Z Now that the debt ceiling has been raised and all the smoke has cleared, it's worthwhile to step back and assess the political fallout from the first major test of Kevin McCarthy's speakership. The debt deal's (surprising) biggest losers 2023-06-07T04:00:00Z They were also among the 71 Republicans who opposed the compromise debt ceiling legislation passed last week. McCarthy faces sudden challenge from hardliners after US debt ceiling bill 2023-06-07T04:00:00Z Mr. Aguilar noted that 165 Democrats were necessary to pass the debt ceiling bill last week that Mr. McCarthy negotiated with Congressional Democrats and the White House. Democrats warn McCarthy about conservatives leveraging appropriations bills 2023-06-06T04:00:00Z Bank stocks fell on Monday, with some investors pointing to worries that a flood of Treasury bill issuance following the raising of the U.S. debt ceiling would drain liquidity from lenders. US bank stocks rebound, regional banking index hits 6-week high 2023-06-06T04:00:00Z Biden and McCarthy reached a deal last week to suspend the debt ceiling weeks of negotiations between Biden's White House and Republicans who control the House of Representatives. U.S. public sees no clear winner in debt ceiling deal -Reuters/Ipsos 2023-06-06T04:00:00Z Even the end of the U.S. debt ceiling saga did little to whet risk appetite. Cryptoverse: Listless bitcoin seeks summer spark 2023-06-06T04:00:00Z McCarthy endured 15 floor votes in January until he finally won the vote for speaker, agreeing to a set of demands that the hardliners now say he violated to pass the debt ceiling bill. McCarthy faces sudden challenge from hardliners after US debt ceiling bill 2023-06-07T04:00:00Z "The vibrancy of growth, the debt ceiling as an issue out of the way now, and a slow-moving Fed might just trigger a further rally in equities." Asian stocks wobble as traders weigh Fed rate pause option 2023-06-06T04:00:00Z Shares of U.S. banks fell on Monday with some investors pointing to worries that a flood of Treasury bill issuance following the raising of the U.S. debt ceiling would drain liquidity from lenders. Markets brace for deluge of Treasury bill supply after US debt deal 2023-06-05T04:00:00Z Treasury said it can now meet the federal government's payment obligations after a debt ceiling suspension, following earlier warnings that it would run short of funds on Monday if Congress failed to act. U.S. Treasury can meet all obligations after debt ceiling suspension 2023-06-05T04:00:00Z The debt ceiling deal has left neither side fully satisfied - and the top Republicans and Democrats who crafted it say that's just the way it should be. Analysis: Can Biden's handshake to a gunfight strategy fix what ails the US? 2023-06-05T04:00:00Z In the weeks since the launch, Biden has dealt with a debt ceiling crisis that was resolved over the weekend with his signing of a bipartisan deal. Biden plans Chicago fundraiser with billionaire Illinois governor Pritzker 2023-06-05T04:00:00Z But the plan failed when then-president Barack Obama declined to endorse it, setting up Congress for the debt ceiling battle of 2011. Analysis: Debt-ceiling deal ignores US debt time bomb 2023-06-05T04:00:00Z Sen. Joe Manchin III criticized his party and the White House on Sunday for initially refusing to negotiate with House Republicans on raising the debt ceiling. Joe Manchin says White House miscalculated by refusing to negotiate on debt limit 2023-06-04T04:00:00Z The debt ceiling suspension allows the Treasury to maintain its planned auction schedule for total borrowings of $726 billion in the April-June quarter. U.S. Treasury can meet all obligations after debt ceiling suspension 2023-06-05T04:00:00Z It suspends the $31.4 trillion U.S. debt ceiling, avoiding an economic crisis, in exchange for setting spending caps in the coming two fiscal years. Analysis: Can Biden's handshake to a gunfight strategy fix what ails the US? 2023-06-05T04:00:00Z Representative Garret Graves, a Louisiana Republican who helped negotiate the debt ceiling deal, told CBS' "Face the Nation". McCarthy lauds debt US ceiling deal, House conservatives divided 2023-06-04T04:00:00Z A new commission would need to go further, changing the unwieldy fiscal committee structure in Congress and possibly replacing the debt ceiling, Bilmes said. Analysis: Debt-ceiling deal ignores US debt time bomb 2023-06-05T04:00:00Z The deal passed by Congress last week and signed into law by Mr. Biden suspends the debt ceiling until January 2025, after next year’s presidential election. Joe Manchin says White House miscalculated by refusing to negotiate on debt limit 2023-06-04T04:00:00Z The Treasury's cash balance as of Thursday fell to just $22.9 billion -- below the $54 billion on hand on Aug. 2, 2011, when Congress also had narrowly avoided a debt ceiling default. U.S. Treasury can meet all obligations after debt ceiling suspension 2023-06-05T04:00:00Z The runaway train of federal spending didn’t stop in January when the government hit its debt ceiling of $31.4 trillion. Debt limit deal gives Washington a blank check 2023-06-03T04:00:00Z Buck said that much depends on McCarthy's actions in future spending negotiations and whether he will need to rely on the votes of Democrats to pass legislation as he did with the debt ceiling. McCarthy lauds debt US ceiling deal, House conservatives divided 2023-06-04T04:00:00Z "Here's the news media's takeaway on the debt ceiling deal: Yay! Bipartisanship works!" said Jacobs. Progressives say U.S. debt limit lift is "Nothing to brag about" 2023-06-03T04:00:00Z To avoid that, the legislation Mr. Biden signed suspends the nation’s debt ceiling, allowing the government to borrow what it needs to meet its obligations. Biden Signs Fiscal Responsibility Act in End to Debt Limit Crisis 2023-06-03T04:00:00Z The legislation, which suspends the debt ceiling for two years and cuts back slightly on spending, cleared the Senate on Thursday after it was overwhelmingly passed in the House earlier this week. Biden hails debt bill as bipartisan achievement in prime-time address 2023-06-02T04:00:00Z President Biden used the first Oval Office speech of his presidency to declare victory after a bipartisan deal to raise the debt ceiling passed both chambers of Congress, preventing a debt default and economic chaos. Biden delivers first Oval Office speech, celebrates 'a crisis averted' 2023-06-02T04:00:00Z The CEO held off on giving guidance about trading revenue, citing a landmark U.S. bill to lift the debt ceiling that has just passed and is still being digested by markets. Citigroup CEO says Mexico IPO is best for shareholders, other sales going well 2023-06-02T04:00:00Z Looming over the report is the debt ceiling deal, which the Senate passed on Thursday, though economists largely expect the spending caps and cuts to have only marginal impact on the labor market going forward. U.S. Job Growth Remains Strong Despite Economic Clouds 2023-06-02T04:00:00Z House Republicans, led by Speaker Kevin McCarthy, had demanded deep spending cuts in Mr. Biden’s priorities in exchange for agreeing to raise the debt ceiling. Biden Signs Fiscal Responsibility Act in End to Debt Limit Crisis 2023-06-03T04:00:00Z The bill, dubbed the Fiscal Responsibility Act, suspends the debt ceiling through Jan. 1, 2025, in exchange for cuts in unspecified domestic programs and a 3% cap on military spending increases in fiscal year 2024. Biden hails debt bill as bipartisan achievement in prime-time address 2023-06-02T04:00:00Z The president expects to sign the debt ceiling compromise into law on Saturday, White House Press Secretary Karine Jean-Pierre told reporters Friday. Biden delivers first Oval Office speech, celebrates 'a crisis averted' 2023-06-02T04:00:00Z "The risk of a downgrade is exacerbated every time Congress flirts with the debt ceiling," said Calvin Norris, portfolio manager & US rates strategist at Aegon Asset Management, who sees another downgrade as still a risk. Analysis: Risk of US downgrade still on the cards despite debt deal 2023-06-02T04:00:00Z Senate on Thursday passed bipartisan legislation that lifted the government's $31.4 trillion debt ceiling and averted a historic default. Banks stocks gain after US Congress averts historic debt default 2023-06-02T04:00:00Z The president initially balked at negotiating, insisting that Republicans raise the debt ceiling without conditions, as members of both parties had done in the past. Biden Signs Fiscal Responsibility Act in End to Debt Limit Crisis 2023-06-03T04:00:00Z The bipartisan agreement to suspend the debt ceiling for two years, which passed the Senate on Thursday, effectively sets overall discretionary spending levels over that period. The Debt-Limit Deal Suggests Debt Will Keep Growing, Fast 2023-06-02T04:00:00Z His approval ratings have been mired in the low 40s, and fell as negotiations over the debt ceiling intensified and fear of a catastrophic default rose. Biden delivers first Oval Office speech, celebrates 'a crisis averted' 2023-06-02T04:00:00Z In the 2013 debt ceiling crisis the legislative standoff did not cause a rating downgrade, although Fitch placed its rating under review. Analysis: Risk of US downgrade still on the cards despite debt deal 2023-06-02T04:00:00Z After nail-biting negotiations, both the Senate and the House of Representatives passed a bill that lifts the government's $31.4 trillion debt ceiling, averting what would have been a first-ever default as early as June 5. Biden to tout bipartisan debt ceiling deal in first Oval Office address 2023-06-02T04:00:00Z They said Mr. Biden’s agenda ended up largely untouched even as Republicans agreed to raise the debt ceiling — something many in the party had vowed not to do. Biden Signs Fiscal Responsibility Act in End to Debt Limit Crisis 2023-06-03T04:00:00Z This year, the debt ceiling deal could make that more difficult. US debt ceiling deal strands $16 bln of defense side-projects 2023-06-02T04:00:00Z Voters may not be paying close attention to the debt ceiling drama. Biden delivers first Oval Office speech, celebrates 'a crisis averted' 2023-06-02T04:00:00Z President Joe Biden said the bipartisan debt ceiling bill is expected to further boost the nation's economic outlook after data released earlier on Friday showed higher U.S. employment for May. Biden lauds U.S. job growth, says debt ceiling bill to also boost economy 2023-06-02T04:00:00Z But each time the United States has faced a debt ceiling standoff, that assumption has seemed naïve. The Treasury Paradox 2023-06-02T04:00:00Z It suspends the debt ceiling for two years and cuts back on spending. Biden to Deliver Oval Office Address as U.S. Averts Default 2023-06-02T04:00:00Z Though the showdown unnerved investors and prompted threats of a second U.S. debt downgrade in a little over a decade, proposals to abolish the debt ceiling have gained little traction in Congress in recent years. Analysis: Despite chaos and risk, Washington sticks with its debt ceiling 2023-06-02T04:00:00Z Canada's main stock index was set to open higher on Friday, buoyed by investor optimism across global markets after the United States passed a bill to lift its debt ceiling. SNB vice chairman: ready to tighten policy further, inflationary pressure broadening 2023-06-02T04:00:00Z With the U.S. debt ceiling removed, world markets see the sky again - encouraged that robust U.S. labor markets continue to defy recession fears as interest rates near peaks. Morning Bid: Jubilant markets eye jobs in June jump 2023-06-02T04:00:00Z Treasury bonds have been at the heart of the debt ceiling drama. The Treasury Paradox 2023-06-02T04:00:00Z Some Democratic lawmakers voted against the debt ceiling legislation because of new work requirements that it imposes on some recipients of food assistance. Biden to Deliver Oval Office Address as U.S. Averts Default 2023-06-02T04:00:00Z But Democrats did not try to abolish the debt ceiling when they controlled the White House and both chambers of Congress in 2021 and 2022. Analysis: Despite chaos and risk, Washington sticks with its debt ceiling 2023-06-02T04:00:00Z The Senate passed a bill late on Thursday to lift the government's $31.4 trillion debt ceiling, avoiding a catastrophic, first-ever default. Futures rise on historic debt deal ahead of May jobs data 2023-06-02T04:00:00Z Senate passed legislation lifting the government's $31.4 trillion debt ceiling, avoiding a catastrophic default. Stocks surge in Asia as US averts default, Fed pause bets rise 2023-06-02T04:00:00Z Beyond the debt ceiling, other factors dominate the bond market. The Treasury Paradox 2023-06-02T04:00:00Z For Mr. Biden, who is running for a second term as president, the debt ceiling deal helps to avoid undercutting the strong economy, which is a key selling point for his campaign. Biden to Deliver Oval Office Address as U.S. Averts Default 2023-06-02T04:00:00Z "I would never just drop the debt ceiling and do nothing else in its stead. It is the only fiscal speed bump there is," said Maya MacGuineas of the Committee for a Responsible Federal Budget. Analysis: Despite chaos and risk, Washington sticks with its debt ceiling 2023-06-02T04:00:00Z Mr. Biden initially refused to negotiate on raising the debt ceiling in the face of Republican calls for spending cuts. Senate passes debt limit bill, averting first-ever default 2023-06-01T04:00:00Z Meanwhile, the U.S. senate looked set to pass a bill to lift the government's $31.4 trillion debt ceiling late on Thursday, with Democratic Majority Leader Chuck Schumer announcing: "We are avoiding default tonight." Dollar wallows as June Fed bets ebb, debt ceiling deal close 2023-06-02T04:00:00Z The U.S. debt ceiling bill is currently awaiting approval by the Senate, which Democratic Majority Leader Chuck Schumer has said will stay in session on Thursday night U.S. time until it is passed. Oil prices rise as market awaits possible OPEC+ cuts 2023-06-02T04:00:00Z Oil prices rose on Friday in early Asian trade as markets weighed the likelihood of price-supportive OPEC+ production cuts over the weekend amid positive sentiment over U.S. monetary policy and Washington's debt ceiling bill. BOJ's Ueda: No set time frame for hitting 2% price target 2023-06-02T04:00:00Z Some budget hawks who previously supported the debt ceiling now argue that the growing dysfunction in Washington has made the risk of default too great. Analysis: Despite chaos and risk, Washington sticks with its debt ceiling 2023-06-02T04:00:00Z Follow live updates as the Senate votes on the debt ceiling bill. New Details in Debt Limit Deal: Where $136 Billion in Cuts Will Come From 2023-05-29T04:00:00Z While he initially insisted that the debt ceiling was “not negotiable,” Mr. Biden eventually abandoned that point of principle to do exactly what he said he would not. The Calm Man in the Capital: Biden Lets Others Spike the Ball but Notches a Win 2023-06-01T04:00:00Z Some are not so impressed with the House, which passed a bill Wednesday night that would suspend the national debt ceiling until after the 2024 election. Trump plans patriotic surprise for America’s 250th birthday 2023-06-01T04:00:00Z For Crane, that distinction won’t come from their votes on the debt ceiling. Debt ceiling vote splits Democratic candidates for Feinstein's Senate seat 2023-06-01T04:00:00Z Congress has voted to raise or suspend the debt ceiling 21 times since the last time the country posted a budget surplus in 2001. Analysis: Despite chaos and risk, Washington sticks with its debt ceiling 2023-06-02T04:00:00Z “We passed the debt ceiling increase with conservative reforms. We got Republicans to the negotiating table with the White House.” Most in GOP praise virtuoso performance by McCarthy in debt deal 2023-06-01T04:00:00Z The strategy paid off with a strong bipartisan vote by the House on Wednesday night passing the deal, which will suspend the debt ceiling while imposing spending restraints for the next two years. The Calm Man in the Capital: Biden Lets Others Spike the Ball but Notches a Win 2023-06-01T04:00:00Z It’s a turn-of-the-narrative for McCarthy who came to office viewed as one of the weakest House speakers in modern memory, but has strengthened his grip on power during the debt ceiling fight. Underestimated McCarthy emerges from debt deal empowered as speaker, still threatened by far right 2023-06-01T04:00:00Z Boebert, whose opponent in last year's election frequently called her politics "angertainment," was a vocal opponent of the debt ceiling deal but did not actually participate in the House vote. “I kind of get sad”: Lauren Boebert complains about receiving “positive” calls from constituents 2023-06-01T04:00:00Z But the debt ceiling has occasionally proven useful as a way to force lawmakers to face the consequences of their tax and spending policies. Analysis: Despite chaos and risk, Washington sticks with its debt ceiling 2023-06-02T04:00:00Z “This is fundamentally a right-of-center bill attached to a debt ceiling increase.” Most in GOP praise virtuoso performance by McCarthy in debt deal 2023-06-01T04:00:00Z He barely maintained the fiction that negotiating about spending cuts was not the same thing as negotiating over the debt ceiling, a distinction few if any saw. The Calm Man in the Capital: Biden Lets Others Spike the Ball but Notches a Win 2023-06-01T04:00:00Z Deeply frustrated by the debt ceiling deal McCarthy cut with Biden, the hard-right conservatives immediately flexed their power this week threatening to remove him from office. Underestimated McCarthy emerges from debt deal empowered as speaker, still threatened by far right 2023-06-01T04:00:00Z The debt ceiling deal passed the House of Representatives by a vote of 314-117, despite a few defections. Debt ceiling deal heads to US Senate for approval 2023-06-01T04:00:00Z The Bipartisan Policy Center has suggested that the debt ceiling could be raised automatically when Congress passes an annual budget, while Riedl says the budgeting process itself should be less siloed and flexible. Analysis: Despite chaos and risk, Washington sticks with its debt ceiling 2023-06-02T04:00:00Z In the face of their parties’ loud opposition to the debt ceiling bill, House Republicans and Democrats cast their votes to pull the legislation across the finish line. Most in GOP praise virtuoso performance by McCarthy in debt deal 2023-06-01T04:00:00Z Multiple senators have said they want to propose amendments to the bill, which suspends the $31.4 trillion debt ceiling for two years while cutting spending on domestic programs. Debt Limit Fight Moves to the Senate 2023-06-01T04:00:00Z Within weeks of taking power, McCarthy asked for a meeting with Biden at the White House, the looming debt ceiling vote, as he tells the story, was top of mind. Underestimated McCarthy emerges from debt deal empowered as speaker, still threatened by far right 2023-06-01T04:00:00Z The agreement suspends the debt ceiling, the spending limit set by Congress which determines how much money the government can borrow, until 1 January 2025. Debt ceiling deal heads to US Senate for approval 2023-06-01T04:00:00Z Absent those reforms, many budget experts say the debt ceiling is the only way to force some sort of fiscal restraint. Analysis: Despite chaos and risk, Washington sticks with its debt ceiling 2023-06-02T04:00:00Z In return, McCarthy gave Biden a two-year reprieve before the next debt ceiling showdown, assuring the president of a smoother glide through the coming election year. Grinning and growling toward a debt ceiling deal | Horsey cartoon 2023-06-01T04:00:00Z The compromise deal on the debt ceiling ought to expose Republicans for the national cancer they are. Biden and McCarthy step back from the abyss: It's a huge defeat for Donald Trump 2023-06-01T04:00:00Z Then McCarthy did what most of official Washington doubted he ever could do — he convinced House Republicans to pass their own debt ceiling and spending cuts plan. Underestimated McCarthy emerges from debt deal empowered as speaker, still threatened by far right 2023-06-01T04:00:00Z Even if the country had no debt ceiling, the two parties would have had to negotiate a budget this year. The House Passed the Bill. Who Won? 2023-06-01T04:00:00Z The chamber's rules require 60 votes to advance most legislation, meaning at least nine Republican votes are needed to pass most bills, including the debt ceiling deal. US Senate aims for quick passage of debt ceiling bill to avoid default 2023-06-01T04:00:00Z Treasury yields crept back up on Thursday after the debt ceiling vote overnight and despite the mixed economic picture. Morning Bid: Hot, cold and skipping a beat 2023-06-01T04:00:00Z The deal to cap discretionary spending and suspend the debt ceiling contains no tax rate changes to raise revenue; it also slashes new funding Biden had allocated to the hollowed-out Internal Revenue Service. Analysis: US debt-ceiling deal dooms Biden's revolutionary tax plans 2023-06-01T04:00:00Z House of Representatives passing a bill to suspend the debt ceiling - and avert a catastrophic default - with a big bipartisan majority. Morning Bid: Plotting policy paths for Europe and the US 2023-06-01T04:00:00Z Ron DeSantis attacked Trump, calling his spending “grotesque” and daring him to take a position on the debt ceiling deal. The House Passed the Bill. Who Won? 2023-06-01T04:00:00Z Most Asia-Pacific stock markets rose on Thursday amid receding bets for a U.S. rate hike this month and relief over the passage of the U.S. debt ceiling bill through the House. Asia stocks gain as Fed hike bets recede, debt vote eases nerves 2023-06-01T04:00:00Z Most Asia-Pacific stock markets rose on Thursday amid receding bets for a U.S. rate hike this month and relief over the passage of the U.S. debt ceiling bill through the House. Asia's factories struggle for momentum amid patchy recovery 2023-06-01T04:00:00Z "Very little of it was accomplished in the Inflation Reduction Act, and nothing was advanced as part of these debt ceiling negotiations," Rosenthal said. Analysis: US debt-ceiling deal dooms Biden's revolutionary tax plans 2023-06-01T04:00:00Z House of Representatives on Wednesday, navigating fierce hardline opposition to pass a debt ceiling bill containing federal spending limits that President Joe Biden for months vowed to resist. Dollar retreats as Fed pause eyed; U.S. debt deal clears House 2023-06-01T04:00:00Z With the House passing a debt ceiling bill last night and the Senate likely to follow, I want to use today’s newsletter to assess President Biden’s handling of the issue. The House Passed the Bill. Who Won? 2023-06-01T04:00:00Z House of Representatives on Wednesday, navigating fierce hardline opposition to pass a debt ceiling bill containing federal spending limits that President Joe Biden for months vowed to resist. McCarthy's moment: Debt ceiling win secures Republican US House speaker's standing 2023-06-01T04:00:00Z House of Representatives on Wednesday, navigating fierce hardline opposition to pass a debt ceiling bill containing federal spending limits that President Joe Biden for months vowed to resist. China's factory activity swings to surprise growth in May - Caixin PMI 2023-06-01T04:00:00Z Democrats secured a suspension of the debt ceiling, ensuring that Biden, a presidential hopeful, will not face this politically risky situation while he’s running for his final term. House approves bipartisan deal to suspend debt limit, reducing fear of U.S. default 2023-05-31T04:00:00Z On Wednesday evening, 165 Democrats joined 149 Republicans in approving the 99-page bill to raise the debt ceiling, allowing it to pass the House by the required simple majority. Debt ceiling deal: US House overwhelmingly passes bill 2023-05-31T04:00:00Z On policy grounds, he negotiated a good deal for Democratic Party priorities — but at the cost of abandoning what he had claimed was his principled refusal to negotiate over the debt ceiling. The House Passed the Bill. Who Won? 2023-06-01T04:00:00Z The House approved by a 314-117 margin the bill, which lifts the government's $31.4 trillion debt ceiling in exchange for cutting non-defense discretionary spending and stiffening work requirements in assistance programs. McCarthy's moment: Debt ceiling win secures Republican US House speaker's standing 2023-06-01T04:00:00Z House of Representatives voted on Wednesday to approve a bipartisan bill to suspend the government's $31.4 trillion debt ceiling, just five days before the deadline to avoid a crippling default. US House votes to suspend debt ceiling and avoid default 2023-06-01T04:00:00Z Democrats also complained that Biden gave in to McCarthy and bartered over the nation’s debt ceiling. House approves bipartisan deal to suspend debt limit, reducing fear of U.S. default 2023-05-31T04:00:00Z The last time the US came this close to overshooting its debt ceiling, in 2011, the credit agency Standard & Poor's downgraded the country's rating, a move that has yet to be reversed. Debt ceiling deal: US House overwhelmingly passes bill 2023-05-31T04:00:00Z Given the radicalism of today’s Republican Party and its tolerance for political chaos, there was a real risk that these debt ceiling talks would cause an economic crisis. The House Passed the Bill. Who Won? 2023-06-01T04:00:00Z Up to that point, Biden had refused McCarthy's requests to negotiate over the debt ceiling, insisting that House Republicans enact their own budget for fiscal 2024 as a prerequisite for spending talks. McCarthy's moment: Debt ceiling win secures Republican US House speaker's standing 2023-06-01T04:00:00Z House of Representatives over the $31.4 trillion debt ceiling late on Wednesday, which could further ease concerns of a destabilizing default that have hung over markets for most of 2023. Investors await crucial US debt ceiling vote 2023-05-31T04:00:00Z Senate Republican leader Mitch McConnell said he expected the debt ceiling bill to pass the House of Representatives on Wednesday and come to the Senate as soon as Thursday. McConnell says he expects debt ceiling bill to pass House on Wednesday 2023-05-31T04:00:00Z "Of everything in the debt ceiling agreement, the Mountain Valley Pipeline is the hardest to justify to future generations," said Khanna. "Reckless hostage-taking": Progressive Democrats vow to vote against bipartisan debt ceiling deal 2023-05-31T04:00:00Z Almost no other country in the world has a debt ceiling. The House Passed the Bill. Who Won? 2023-06-01T04:00:00Z The White House, for its part, contends that the talks between Biden and McCarthy were not a negotiation on the debt ceiling. McCarthy's moment: Debt ceiling win secures Republican US House speaker's standing 2023-06-01T04:00:00Z Kentucky Republican Sen. Rand Paul, who like Mr. Lee frequently capitalizes on deadline-induced leverage, is also seeking a vote on his version of a debt ceiling increase with far stricter spending cuts. Biden-McCarthy debt limit deal to face new obstacles in Senate as looming deadline closes in 2023-05-31T04:00:00Z U.S. lawmakers look on course to approve a deal struck over the weekend that raises the debt ceiling and averts a catastrophic default on U.S. U.S. economy little changed in recent weeks; outlook 'deteriorated': Fed survey 2023-05-31T04:00:00Z By the time you read this, it's possible that the debt ceiling saga will finally be over. Democrats make a deal to avoid default disaster — now how will Biden ever learn? 2023-05-31T04:00:00Z This background helps explain why Biden and his aides insisted — publicly and privately — that they would not negotiate over increasing the debt ceiling. The House Passed the Bill. Who Won? 2023-06-01T04:00:00Z "The debt ceiling had to be lifted, and it had to be lifted for a long period of time," White House budget director Shalanda Young told a Tuesday press conference. McCarthy's moment: Debt ceiling win secures Republican US House speaker's standing 2023-06-01T04:00:00Z The bipartisan bill suspends the debt ceiling until after the 2024 election and includes annual spending caps for the next six years, but lacks enforcement mechanisms after the first two years. Biden-McCarthy debt limit deal to face new obstacles in Senate as looming deadline closes in 2023-05-31T04:00:00Z House GOP leaders and the Biden administration reached a deal to suspend the debt ceiling until 2025 and cut spending while boosting the defense budget. “Betrayal”: MAGA Republicans rage over McCarthy deal — and threaten his speakership 2023-05-31T04:00:00Z The debt ceiling deal heads to a House vote despite a Republican uprising. Reassessing the Board Fight That Was Meant to Transform Exxon 2023-05-31T04:00:00Z Instead, they abandoned this position and started negotiating with Republicans over the debt ceiling. The House Passed the Bill. Who Won? 2023-06-01T04:00:00Z "You see this bill lift the debt ceiling until 2025. You can call it a negotiation; I call it a declarative statement." McCarthy's moment: Debt ceiling win secures Republican US House speaker's standing 2023-06-01T04:00:00Z Still, many Democrats and Republicans — including those against the debt ceiling bill — said they have little desire to drag out the inevitable. Biden-McCarthy debt limit deal to face new obstacles in Senate as looming deadline closes in 2023-05-31T04:00:00Z "The minute we get the votes, we need to eliminate the debt ceiling," she added. “Betrayal”: MAGA Republicans rage over McCarthy deal — and threaten his speakership 2023-05-31T04:00:00Z In April, they passed a bill to raise the debt ceiling that included deep spending cuts and was akin to an initial offer in a negotiation. A Big Day for the Debt Ceiling 2023-05-31T04:00:00Z At any point, Congress could repeal the debt ceiling or raise it so high that it would be irrelevant for decades. The House Passed the Bill. Who Won? 2023-06-01T04:00:00Z But in getting the April measure passed, House Republicans became the only body in Washington that had acted to raise the debt ceiling. McCarthy's moment: Debt ceiling win secures Republican US House speaker's standing 2023-06-01T04:00:00Z The legislation, which would suspend the debt ceiling until January 2025 and institute spending caps, was expected to clear the House Wednesday night. Biden-McCarthy debt limit deal to face new obstacles in Senate as looming deadline closes in 2023-05-31T04:00:00Z With the U.S. debt ceiling saga nearly over, the state of the global economy hoves back into view - with contrasting interest rate pictures that saw the dollar climb across the board. Morning Bid: China factory fright, dollar surges 2023-05-31T04:00:00Z Here are columns by Ezra Klein on the debt ceiling and Bret Stephens on Turkey’s election. A Big Day for the Debt Ceiling 2023-05-31T04:00:00Z Another scenario for solving the debt ceiling problem could come during a Republican presidency. The House Passed the Bill. Who Won? 2023-06-01T04:00:00Z “We have conservative reforms that are included in this debt ceiling, and these things should help Republicans rally to the cause.” House Set to Vote on Debt Limit Bill as Republican Resistance Grows 2023-05-31T04:00:00Z He and his allies are attempting to shoot down the agreement Mr. McCarthy reached with President Biden to suspend the debt ceiling just days before the country is headed for default. Packing Figures and Charts, Roy Leads G.O.P. Revolt Against Debt Limit Deal 2023-05-31T04:00:00Z With the House of Representatives now likely to vote on a bill to lift debt ceiling as soon as Wednesday, it appears that drama is subsiding at last. Morning Bid: China factory fright, dollar surges 2023-05-31T04:00:00Z Congress will pass the U.S. debt ceiling pact and as mixed messages from major producers clouded the supply outlook ahead of the OPEC+ meeting this weekend. Factbox: Companies invest in EV battery factories in Europe 2023-05-31T04:00:00Z Until the debt ceiling goes away, unnecessary economic turmoil will be a recurring feature of American politics. The House Passed the Bill. Who Won? 2023-06-01T04:00:00Z Congress will pass the U.S. debt ceiling pact and as mixed messages from major producers clouded the supply outlook ahead of the OPEC+ meeting this weekend. JPMorgan's Dimon says US, China need to have 'real engagement' 2023-05-31T04:00:00Z “This represents an all-time high in recklessness and stupidity,” Representative Jim McGovern, Democrat of Massachusetts, said of Republican efforts to use the debt ceiling as leverage. Packing Figures and Charts, Roy Leads G.O.P. Revolt Against Debt Limit Deal 2023-05-31T04:00:00Z “This weekend’s announcement of a deal on the debt ceiling does not resolve our concerns for our federal employee members, or our federal lawsuit,” said David Holway, the union’s president. 14th Amendment Questions Linger Despite Debt Limit Deal 2023-05-31T04:00:00Z But much of the focus will, of course, be on the House debate over the debt ceiling bill. Morning Bid: Back to data watching, with US debt bill on track 2023-05-31T04:00:00Z The overall bill negotiated by McCarthy and Biden would still cut spending over the next two years and also raise the nation’s debt ceiling to avert a calamitous default. Changes to food aid in debt bill would cost money, far from savings GOP envisioned 2023-05-30T04:00:00Z A bipartisan deal to suspend the federal debt ceiling has advanced toward a House vote despite a rebellion by hard-right Republicans. Your Wednesday Briefing 2023-05-31T04:00:00Z “I think this is going to be a problem for him,” Representative Ken Buck, Republican of Colorado, said of Mr. McCarthy’s push to pass the debt ceiling deal. Packing Figures and Charts, Roy Leads G.O.P. Revolt Against Debt Limit Deal 2023-05-31T04:00:00Z In exchange for suspending the debt ceiling, Republicans demanded a range of concessions. 14th Amendment Questions Linger Despite Debt Limit Deal 2023-05-31T04:00:00Z With the U.S. debt ceiling bill clearing an important procedural hurdle en route to a vote in the House of Representatives on Wednesday, markets are back in data-watching mode for now. Morning Bid: Back to data watching, with US debt bill on track 2023-05-31T04:00:00Z The 99-page bipartisan bill, which would waive the debt ceiling until January 2025 and impose annual spending caps, includes the approval of all remaining permits required to complete the Mountain Valley Pipeline. Climate activists target Schumer, top Biden energy official over West Virginia pipeline 2023-05-30T04:00:00Z “I’m voting ‘no’ on the debt ceiling debacle because playing the D.C. game isn’t worth selling out our kids and grandkids.” Freedom Caucus threatens ouster as McCarthy rushes forward with debt-limit vote 2023-05-30T04:00:00Z The flurry of Asian economic indicators comes against the global backdrop of optimism that the tentative agreement in Washington over the U.S. debt ceiling will be passed in both Houses of Congress. Morning Bid: All eyes on China's PMIs 2023-05-30T04:00:00Z “The debt ceiling ought to be the mechanism that forces parties to the table to negotiate ways to address Washington’s spending habit,” he said. 14th Amendment Questions Linger Despite Debt Limit Deal 2023-05-31T04:00:00Z Asian stock markets fell and even U.S. equity futures turned negative despite the debt ceiling reprieve, while China's yuan promptly skidded to fresh six-month lows, giving the U.S. dollar a broad boost. Morning Bid: Back to data watching, with US debt bill on track 2023-05-31T04:00:00Z Treasury Secretary Janet Yellen said last week that the United States could run out of cash to pay the bills and default on its obligations if the debt ceiling is not raised by June 5. Debt ceiling takeaways: Biden’s invite to liberal skeptics to ‘talk to me,’ McCarthy’s balancing act 2023-05-29T04:00:00Z “Reckless federal spending triggered inflation to skyrocket. Anyone promoting an agenda of inaction on government overspending, especially during debt ceiling negotiations, isn’t helping seniors, but contributing to their hardship,” she wrote. Hot-selling new Josh Hawley book focuses on manhood 2023-05-30T04:00:00Z Jason Grumet, president of American Clean Power, a renewable energy lobby group, said the debt ceiling agreement is an “important down payment on much-needed reforms to improve the efficiency of the permitting process.” Analysis: US debt deal's energy permitting reforms leave thorniest issues for later 2023-05-30T04:00:00Z That has raised questions about whether there is a way to preclude another episode like this one — by abolishing the debt ceiling or using the 14th Amendment to render the statutory limit unconstitutional. 14th Amendment Questions Linger Despite Debt Limit Deal 2023-05-31T04:00:00Z The legislation suspends the debt ceiling until January 2025 and includes annual spending caps for the next six years, but lacks enforcement mechanisms after the first two years. McConnell, Schumer urge swift passage of debt-limit deal as hardliners defect 2023-05-30T04:00:00Z Biden has continued to insist that he was negotiating on the budget, not the debt ceiling. Debt ceiling takeaways: Biden’s invite to liberal skeptics to ‘talk to me,’ McCarthy’s balancing act 2023-05-29T04:00:00Z With respect to the U.S. government's expected flood of supply after the debt ceiling bill is passed, Schamotta noted that Treasury officials "are well-practised in slow-walking issuance or otherwise minimizing disruption around funding surges." Cost of insuring against US default contracts further on debt bill hopes 2023-05-30T04:00:00Z Some also fear a debt ceiling resolution could only provide short-term relief to markets because the U.S. Risks lie ahead for US credit standing after tentative debt ceiling deal 2023-05-30T04:00:00Z “In addition to raising the debt ceiling, this agreement takes steps toward putting the U.S. on a more sustainable fiscal trajectory,” said the group’s CEO, Joshua Bolten. Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right 2023-05-28T04:00:00Z Republican and Democratic Senate leaders on Tuesday praised the bipartisan debt ceiling deal struck by President Biden and House Speaker Kevin McCarthy, despite hardliners in both parties criticizing the agreement for having too many compromises. McConnell, Schumer urge swift passage of debt-limit deal as hardliners defect 2023-05-30T04:00:00Z Ever since McCarthy won the House speakership on the 15th ballot in January, it was clear that the debt ceiling negotiations would be his first and perhaps biggest test. Debt ceiling takeaways: Biden’s invite to liberal skeptics to ‘talk to me,’ McCarthy’s balancing act 2023-05-29T04:00:00Z A crucial first test comes on Tuesday, when the House Rules Committee takes up the debt ceiling bill, in a necessary first step before a vote in the full House. Cost of insuring against US default contracts further on debt bill hopes 2023-05-30T04:00:00Z In addition to changes to food stamps, the debt ceiling deal modifies work requirements for the Temporary Assistance for Needy Families program, which provides cash assistance to households with children. Debt Ceiling Deal Includes New Work Requirements for Food Stamps 2023-05-29T04:00:00Z President Biden’s Democratic allies and environmentalists are attacking his deal with House Republicans to suspend the debt ceiling over the legislation’s inclusion of provisions they fear undercut the administration’s green energy agenda. Why liberals and climate activists are lashing out over debt limit deal’s energy policies 2023-05-30T04:00:00Z But using the debt ceiling as a negotiating tactic is unlikely to achieve the kinds of tough choices needed to meaningfully slow the growing mountain of U.S. debt. Expert: Here's what House Republicans got in return for pushing the US to the brink of default 2023-05-30T04:00:00Z But those concessions to the G.O.P. are minuscule compared with the wholesale rollbacks of Biden administration policy envisioned in a debt ceiling bill passed by the House. DeSantis, Wading Into Debt-Ceiling Fight, Puts Pressure on Trump 2023-05-30T04:00:00Z Promoting the debt ceiling legislation over the weekend, Speaker Kevin McCarthy said on “Fox News Sunday” that it would end the pause on student loan payments “within 60 days of this being signed.” What the Debt Ceiling Deal Means for Student Loan Payments 2023-05-30T04:00:00Z The president who said the debt ceiling was “not negotiable” ended up negotiating it after all to avoid a national default, barely even bothering with the fiction that talks over spending limits were somehow separate. In Pursuit of Consensus, Did Biden Find the Reasonable Middle or Give Away Too Much? 2023-05-28T04:00:00Z “This provision is completely unrelated to the debt ceiling matter,” the spokesperson added. Why liberals and climate activists are lashing out over debt limit deal’s energy policies 2023-05-30T04:00:00Z For all the debt ceiling drama and the risks of profound economic damage and global tensions that resulted from it, Republicans achieved only a two-year cap on a small fraction of the total budget. Expert: Here's what House Republicans got in return for pushing the US to the brink of default 2023-05-30T04:00:00Z “After I heard about the debt ceiling deal, I was a NO,” he wrote on Twitter on Monday. DeSantis, Wading Into Debt-Ceiling Fight, Puts Pressure on Trump 2023-05-30T04:00:00Z Last month, House Republicans passed a bill to raise the debt ceiling that would have blocked the student debt cancellation plan and ended the temporary pause on payments. What the Debt Ceiling Deal Means for Student Loan Payments 2023-05-30T04:00:00Z The question essentially was how much of the Limit, Save and Grow Act passed by House Republicans last month would the president accept in exchange for increasing the debt ceiling. In Pursuit of Consensus, Did Biden Find the Reasonable Middle or Give Away Too Much? 2023-05-28T04:00:00Z In addition to the pipeline, the debt ceiling bill includes changes to the bedrock environmental law known as NEPA, or the National Environmental Policy Act. Why liberals and climate activists are lashing out over debt limit deal’s energy policies 2023-05-30T04:00:00Z “I’m voting no on the debt ceiling debacle because playing the D.C. game isn’t worth selling out our kids and grandkids.” Nancy Mace says Biden ‘outsmarted’ GOP on debt limit 2023-05-30T04:00:00Z “After reading the debt ceiling deal, I am absolutely NO!!” DeSantis, Wading Into Debt-Ceiling Fight, Puts Pressure on Trump 2023-05-30T04:00:00Z That bill was shelved after negotiations began with the White House on the debt ceiling and spending cuts. What the Debt Ceiling Deal Means for Student Loan Payments 2023-05-30T04:00:00Z Mortgage rates have climbed recently as markets react to deliberations on the US debt ceiling. Seattle-area home prices begin to tick up but are still far below 2022 2023-05-30T04:00:00Z The centerpiece of the agreement remains a two-year suspension of the debt ceiling, which caps the total amount of money the government is allowed to borrow. New Details in Debt Limit Deal: Where $136 Billion in Cuts Will Come From 2023-05-29T04:00:00Z U.S. markets reopen on Tuesday following Monday's public holiday, reacting for the first time to a weekend deal to suspend the $31.4 trillion U.S. debt ceiling until 2025 while keeping some costs flat. US markets jump on high hopes of debt ceiling lift off 2023-05-30T04:00:00Z Facing potential blowback from his conservative ranks, the Republican speaker will have to rely on upwards of half the House Democrats and half the House Republicans to push the debt ceiling package to passage. Crucial days ahead as debt ceiling deal goes for vote and Biden calls lawmakers for support 2023-05-30T04:00:00Z Instead, the compromise debt ceiling legislation now under consideration by lawmakers only requires ending the pause on payments — a move that the president had already said he would make. What the Debt Ceiling Deal Means for Student Loan Payments 2023-05-30T04:00:00Z “Markets can function knowing that we don’t have a cataclysmic debt ceiling crisis looming.” Why Spending Cuts Likely Won’t Shake the Economy 2023-05-29T04:00:00Z More detail and clarity are expected around the tentative agreement in Washington to suspend the $31.4 trillion federal debt ceiling until January 2025 in exchange for caps on spending and cuts in government programmes. Morning Bid: Too soon to drink to the US debt deal 2023-05-30T04:00:00Z "What is currently happening since yesterday shows where the debt ceiling premium was actually priced: mostly in bonds," said Ielpo. US markets jump on high hopes of debt ceiling lift off 2023-05-30T04:00:00Z The White House refused initially to engage with McCarthy over the debt ceiling, insisting the Congress must simply do its job, raise the nation’s debt limit and skip the political brinksmanship. Debt ceiling tests McCarthy, as GOP speaker rides breezily through fight of his career 2023-05-27T04:00:00Z A spokesman for the White House said the president was pleased that Republicans had failed to block his debt cancellation plan in the debt ceiling legislation. What the Debt Ceiling Deal Means for Student Loan Payments 2023-05-30T04:00:00Z President Biden and Speaker Kevin McCarthy reached an agreement on Saturday to raise the debt ceiling while imposing new restraints on federal spending. Initial Takeaways From the Spending and Debt Ceiling Deal 2023-05-28T04:00:00Z In the first trades in U.S. debt markets since the debt ceiling deal, longer-term Treasuries rallied in Asia, driving benchmark 10-year yields down 6 basis points to 3.76%. Morning Bid: Too soon to drink to the US debt deal 2023-05-30T04:00:00Z "I wouldn’t blame the Treasury rally on the debt ceiling deal necessarily... the additional T-bill issuance, quantitative tightening, and difficult bank funding conditions now conspire to less favourable financing conditions to the economy," said Bouvet. US markets jump on high hopes of debt ceiling lift off 2023-05-30T04:00:00Z It was that way the last time Republicans swept into power, in 2011, on the tea party wave that launched the new era of brinksmanship in Washington, using the debt ceiling as leverage. Debt ceiling tests McCarthy, as GOP speaker rides breezily through fight of his career 2023-05-27T04:00:00Z But the changes are pared down from the House-passed debt ceiling bill. Debt ceiling deal: What’s in, what’s out of the bill to avert US default 2023-05-27T04:00:00Z The federal government reached the $31.4 trillion debt ceiling set by law in January, but the Treasury Department has been using various accounting tricks to avoid breaching it. Initial Takeaways From the Spending and Debt Ceiling Deal 2023-05-28T04:00:00Z "Still, a higher debt ceiling and some reduction in spending in the FY24 budget are the middle ground." Dollar eases as deal over US debt ceiling lifts risk appetite 2023-05-30T04:00:00Z "A U.S. debt ceiling deal boosted risk appetite, but investors are reluctant to step up buying amid worries over inflation and potential further increases of interest rates," he said. Oil rises on U.S. debt deal, but rate hikes, OPEC+ talks curb enthusiasm 2023-05-30T04:00:00Z The deal suspends the debt ceiling until January 2025 in exchange for caps on spending and cuts in government programmes. Asian stocks mostly higher as US debt deal revives confidence 2023-05-30T04:00:00Z The 27 May agreement would allow the U.S. government to continue borrowing money for its operations after 5 June, when it is expected to reach the current debt ceiling of $31.4 trillion. U.S. debt deal clouds hopes of big increases for science agencies 2023-06-04T04:00:00Z The agreement waives the $31.4 trillion debt ceiling until January 2025 and, if passed in the coming days before an expected June 5 deadline, will avoid the nation defaulting. House GOP sells deal with Biden as restoring ‘fiscal sanity’ amid backlash from right 2023-05-29T04:00:00Z Treasury Secretary Janet Yellen said on Friday that the government would default if Congress did not increase the debt ceiling by June 5. Dollar eases as deal over US debt ceiling lifts risk appetite 2023-05-30T04:00:00Z House Rules Committee said it will meet on Tuesday afternoon to discuss the debt ceiling bill, which needs to pass a divided Congress before June 5. Oil rises on U.S. debt deal, but rate hikes, OPEC+ talks curb enthusiasm 2023-05-30T04:00:00Z More detail and clarity around the tentative agreement in Washington to suspend the $31.4 trillion federal debt ceiling should be forthcoming on Tuesday. Morning Bid: Dollar flexes its muscles 2023-05-29T04:00:00Z US lawmakers are working to secure the votes needed to pass a bipartisan deal that will temporarily suspend the nation's debt ceiling. Lawmakers race to secure US debt deal votes as deadline looms 2023-05-29T04:00:00Z In exchange for temporary fiscal changes, McCarthy agreed to extend increasing the debt ceiling by two years, allowing the government to keep borrowing above its existing $31.4-trillion in debt. Here's what's in Biden-McCarthy's deal to raise the debt limit 2023-05-29T04:00:00Z "Outside of any volatility generated by the debt ceiling issues, expectations for Fed rate hikes are likely to keep the dollar bid in the near term." Dollar eases as deal over US debt ceiling lifts risk appetite 2023-05-30T04:00:00Z House Rules Committee said it will meet on Tuesday afternoon to discuss the debt ceiling bill, which needs to pass a narrowly divided Congress before June 5, when the U.S. US House Rules panel to meet Tuesday on debt ceiling bill 2023-05-29T04:00:00Z Tighter monetary policy could well cause them to blow up or worsen the impact of other shocks, such as debt ceiling negotiations. In the Market: Amid the calm, the Fed brews the next storm 2023-05-29T04:00:00Z Aside from addressing the debt ceiling limit, the bill also proposed raising the age from 50 to 54 for those who are required to work in order to receive food benefits. Lawmakers race to secure US debt deal votes as deadline looms 2023-05-29T04:00:00Z But it also preserves much of Biden's Inflation Reduction Act and punts the next debt ceiling showdown into 2025, which Republicans hate. Biden and McCarthy's bumpy journey to a debt ceiling deal 2023-05-29T04:00:00Z Treasuries rallied in Asia on Tuesday on the debt ceiling deal. Dollar eases as deal over US debt ceiling lifts risk appetite 2023-05-30T04:00:00Z Japan's Nikkei share average rose to its highest level since July 1990 on Monday, buoyed by optimism over a U.S. debt ceiling deal and a weaker yen. Japan's Nikkei share average rises to highest since July 1990 2023-05-29T04:00:00Z Japan's Nikkei share average rose to its highest level since July 1990 on Monday, buoyed by optimism over a U.S. debt ceiling deal and a weaker yen. IRS funding cut won't hurt near-term tax collection, officials say 2023-05-29T04:00:00Z Mr. Biden contended that he only compromised on spending — not the debt ceiling. ‘Important step forward’: Biden denies the GOP got much in debt deal 2023-05-28T04:00:00Z Although he initially called for the debt ceiling to be raised without negotiations, he ended up making compromises. Biden and McCarthy's bumpy journey to a debt ceiling deal 2023-05-29T04:00:00Z A handful of hard-right Republican lawmakers said on Monday they would oppose a deal to raise the United States' $31.4 trillion debt ceiling. Dollar eases as deal over US debt ceiling lifts risk appetite 2023-05-30T04:00:00Z US President Joe Biden says a bipartisan deal to raise the US debt ceiling and avert a default is ready to move to Congress. US debt ceiling deal ready for Congress vote - President Joe Biden 2023-05-28T04:00:00Z “The debt ceiling agreement is only the first step in saving the government from the brink of illiquidity.” Analysis: Debt deal could boost unloved corners of US stock market 2023-05-28T04:00:00Z “A $4T debt ceiling increase with virtually no cuts is not what we agreed to. Not gonna vote to bankrupt our country. The American people deserve better.” Debt ceiling agreement gets thumbs up from biz groups, jeers from some on political right 2023-05-28T04:00:00Z The Treasury Department warned Friday that the U.S. government will run out of money to pay its obligations on June 5 unless Congress lifts the debt ceiling. "Terrible policy": Jayapal says White House still has to worry about CPC's debt ceiling deal support 2023-05-28T04:00:00Z No one should be surprised that the resolution of our most moronic fiscal policy, the federal debt ceiling, involved our stupidest social policy, work requirements for assistance programs. Column: With debt ceiling deal, GOP reveals its only real goal was cruelty to the poor 2023-05-28T04:00:00Z The GOP-led House is expected to pass the debt ceiling bill next week before it moves on to the Democrat-controlled Senate, as the country has just days until an expected June 5 default deadline. A ‘win for the entire country,’ Republicans tout energy-permit rules in debt limit deal 2023-05-28T04:00:00Z The deal suspends the debt ceiling until January 2025 in exchange for caps on spending and cuts in government programs. Analysis: Debt deal could boost unloved corners of US stock market 2023-05-28T04:00:00Z “The process was tense, risky and ugly, but in the end, we have a plan to enact savings and lift the debt ceiling, and that is what is needed,” said Maya MacGuineas, the group’s president. Debt ceiling agreement gets thumbs up from biz groups, jeers from some on political right 2023-05-28T04:00:00Z “An uncapped debt ceiling with an expiration date — worth approximately $4 trillion … ?” McCarthy sells debt limit deal as conservatives fume: ‘We finally were able to cut spending’ 2023-05-28T04:00:00Z In return, the debt ceiling is suspended for two years. Column: With debt ceiling deal, GOP reveals its only real goal was cruelty to the poor 2023-05-28T04:00:00Z Treasury Secretary Janet Yellen has said the United States could default on its debt obligations by June 5 if lawmakers do not act in time to raise the federal debt ceiling. Selling the debt ceiling plan and making a deal into a law: What’s next? 2023-05-28T04:00:00Z Treasury Secretary Janet Yellen on Friday set a deadline for raising the federal debt limit, saying the government would default if Congress does not increase the debt ceiling by June 5. Analysis: Debt deal could boost unloved corners of US stock market 2023-05-28T04:00:00Z House Speaker Kevin McCarthy on Sunday said he expects a debt ceiling deal he struck with the White House to attract support from a majority of House Republicans. McCarthy says US debt ceiling deal popular with House Republicans 2023-05-28T04:00:00Z House Speaker Kevin McCarthy on Sunday said he expects a debt ceiling deal he struck with the White House to attract support from a majority of House Republicans. Venice's waters turn fluorescent green near Rialto Bridge 2023-05-28T04:00:00Z The debt ceiling is plainly unconstitutional and a nuclear weapon in the hands of willful children. Column: With debt ceiling deal, GOP reveals its only real goal was cruelty to the poor 2023-05-28T04:00:00Z Representative Chip Roy of Texas said on Sunday on Twitter that he intended to try to stop the debt ceiling deal in the U.S. US Representative Chip Roy says 'we're going to try' to stop debt ceiling deal 2023-05-28T04:00:00Z As Democratic and Republican negotiators iron out the final details of an agreement to suspend the federal government's $31.4 trillion debt ceiling in coming days, McCarthy may be forced to do some behind-the-scenes wrangling. McCarthy's next challenge: sell debt ceiling deal in Congress 2023-05-28T04:00:00Z House Speaker Kevin McCarthy on Sunday said he expects a debt ceiling deal he struck with the White House to attract support from a majority of House Republicans. McCarthy says US debt ceiling deal popular with House Republicans 2023-05-28T04:00:00Z Bankers put it to hope that the debt ceiling impasse would be resolved without significant dislocation to markets, but warn that's a risky strategy. Analysis: Why a US debt deal may only provide short-term relief for markets 2023-05-28T04:00:00Z This rule will do virtually nothing to reduce federal spending, which Republicans say has been the whole point of holding the debt ceiling hostage. Column: With debt ceiling deal, GOP reveals its only real goal was cruelty to the poor 2023-05-28T04:00:00Z But even before we get to the first presidential debate, the ongoing clashes between Democrats and Republicans over the debt ceiling have rocked confidence in America's political system. Katty Kay: A growing case of transatlantic heartburn 2023-05-27T04:00:00Z A failure by Congress to deal with its self-imposed debt ceiling before June 5 could trigger a default that would shake financial markets and send the United States into a deep recession. McCarthy's next challenge: sell debt ceiling deal in Congress 2023-05-28T04:00:00Z House Republicans demanded sweeping spending cuts in exchange for raising the debt ceiling. Biden and McCarthy reach last-minute deal to raise U.S. debt limit 2023-05-27T04:00:00Z Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets. Analysis: Why a US debt deal may only provide short-term relief for markets 2023-05-28T04:00:00Z How the debt ceiling deal applies to that program is unclear. Column: With debt ceiling deal, GOP reveals its only real goal was cruelty to the poor 2023-05-28T04:00:00Z The White House and the Republican party have agreed in principle to raise America's debt ceiling and avert a default, US media outlets report. US debt ceiling: Negotiators agree a deal in principle, reports say 2023-05-27T04:00:00Z The deal does just that, sources briefed on it say: it suspends the debt ceiling until January 2025, after the November 2024 presidential election, in exchange for caps on spending and cuts in government programs. McCarthy's next challenge: sell debt ceiling deal in Congress 2023-05-28T04:00:00Z The agency said that “brinkmanship over the debt ceiling” threatened the U.S. rating — the highest available — but it expected a resolution before the projected June 5 deadline. Biden and McCarthy reach last-minute deal to raise U.S. debt limit 2023-05-27T04:00:00Z House Speaker Kevin McCarthy said Saturday that Congress will meet the June 5 deadline to raise the debt ceiling. McCarthy confident that Congress will meet new debt limit deadline 2023-05-27T04:00:00Z They agreed to some modest budget constraints for two years, moved the next debt ceiling cabaret off to beyond the next election, and saved millions of Americans from serious economic pain. Column: With debt ceiling deal, GOP reveals its only real goal was cruelty to the poor 2023-05-28T04:00:00Z The debt ceiling fight is the first test of whether the power-sharing agreement McCarthy was forced to strike with the right-wing hardliners will give them any real leverage. Meet Russ Vought: Mild-mannered mastermind of the GOP's debt-ceiling power play 2023-05-27T04:00:00Z But House Republicans united behind a plan to cut spending, narrowly passing sweeping legislation in late April that would raise the debt ceiling in exchange for the spending reductions. Biden: Debt deal ‘very close’ even as two sides far apart on work requirements for food aid 2023-05-27T04:00:00Z At one point, she discussed her support for President Biden invoking the 14th Amendment to unilaterally raise the debt ceiling so that the debt limit can be abolished. AOC townhall descends into shouting match among constituents 2023-05-27T04:00:00Z President Biden and Republican negotiators are working on a deal to raise the U.S. government’s $31.4 trillion debt ceiling after the Treasury Department cautioned that an impending default was likely without any action. McCarthy confident that Congress will meet new debt limit deadline 2023-05-27T04:00:00Z Instead, they said the only way to control spending is to refuse to pay the bills they ran up, by refusing to increase the debt ceiling. Column: With debt ceiling deal, GOP reveals its only real goal was cruelty to the poor 2023-05-28T04:00:00Z The two sides have tentatively reached an agreement that would raise the debt ceiling by enough to cover the country's borrowing needs through the November 2024 presidential election. Debt ceiling negotiations push toward critical default deadline 2023-05-27T04:00:00Z Rep. Barry Moore, Alabama Republican, said House Republicans have already done their job by passing a debt ceiling bill. Debt limit deadline won’t stop Biden, GOP lawmakers from enjoying the holiday weekend 2023-05-26T04:00:00Z One angry man yelled at those who responded to the Congresswoman’s remarks about the debt ceiling, “It is not your turn! How about you wait your turn.” AOC townhall descends into shouting match among constituents 2023-05-27T04:00:00Z "Despite claiming he would be 'blameless,' President Biden is entirely responsible for any breach in the debt ceiling, period." Debt ceiling deal may be close, McCarthy says — but will the rest of Congress buy it? 2023-05-26T04:00:00Z "The PCE showed that inflation remains stubborn. It feels like we're getting the debt ceiling drama close to the finish line, but we still have to be concerned about what's next for the Fed." Instant View: Stubborn US April PCE inflation revives focus on June Fed hike 2023-05-26T04:00:00Z A failure by Congress to raise its self-imposed debt ceiling before June 5 could trigger a default that would shake financial markets and send the United States into a deep recession. Debt ceiling negotiations push toward critical default deadline 2023-05-27T04:00:00Z The deal under consideration would lift the debt ceiling in exchange for holding non-defense discretionary spending around current year levels. Factbox: What's in the debt ceiling deal Biden, McCarthy are negotiating? 2023-05-26T04:00:00Z Despite the pressure on budgets as debt ceiling talks drag on, neither man is keen to pick a fight with a crucial voting bloc - pensioners. Where Ron DeSantis stands on key issues 2023-05-26T04:00:00Z "House Republicans did our job. We passed a bill to responsibly raise the debt ceiling & cap future spending. This is the Democrats' Debt Crisis." Debt ceiling deal may be close, McCarthy says — but will the rest of Congress buy it? 2023-05-26T04:00:00Z People that buy into that line of thinking say it has poisoned debates on Capitol Hill, including in the ongoing fight over raising the $31.4 trillion debt ceiling. Businessman Mark Cuban blames party primaries for America’s partisan woes 2023-05-26T04:00:00Z After warnings of possible U.S. downgrades from credit ratings agencies, Adeyemo said he hoped that would not happen, but the debt ceiling standoff was already raising the cost of U.S. debt. U.S. Treasury's Adeyemo sees no ability to 'triage' payments without debt limit hike 2023-05-26T04:00:00Z Another agency, Scope Ratings, also placed its 'AA' rating for the U.S. under review earlier this month for a possible downgrade due to longer run risks associated with the debt ceiling. Top US credit rating under watch as debt ceiling talks drag on 2023-05-26T04:00:00Z "It's better to avoid hitting the debt capital markets around the debt ceiling, given the uncertainty" said Alvaro Ortega, vice president of finance at Avangrid, a sustainable energy company based in Orange, Connecticut. Companies beef up contingency plans ahead of US debt-ceiling deadline 2023-05-26T04:00:00Z "Their cruelty, callousness, and contempt is the point. We need a clean debt ceiling increase now." Debt ceiling deal may be close, McCarthy says — but will the rest of Congress buy it? 2023-05-26T04:00:00Z As the AI-led tech stock boom unfolds, there's light at the end of the U.S. debt ceiling saga - only markets now reckon the Federal Reserve will tighten policy even further this summer. Morning Bid: Debt deal is near, Fed peak is not 2023-05-26T04:00:00Z Financial markets have been on edge over the timing of a deal between the White House and Republicans in Congress to raise the debt ceiling ahead of the June 1 deadline set by the U.S. Cummins braving debt ceiling jitters with $275 mln engine filter unit IPO 2023-05-26T04:00:00Z The U.S. dollar has also drawn some support from lingering nerves over the debt ceiling negotiations. Dollar eyes third weekly gain on higher US rate expectations 2023-05-26T04:00:00Z "We know those specific dates around the debt ceiling situation there will be uncertainties. So, they recommend, for instance, not to hit the market on those dates with bonds," Ortega said. Companies beef up contingency plans ahead of US debt-ceiling deadline 2023-05-26T04:00:00Z US President Joe Biden and top Republican Kevin McCarthy appear to be inching closer to a deal over the US debt ceiling, even as Congress breaks up for a holiday weekend. Congress close to deal before breaking for holiday, reports say 2023-05-25T04:00:00Z This comes after the ratings agency on Wednesday had warned that the U.S. credit rating could be downgraded if a debt ceiling deal was not reached soon. Fitch puts Fannie Mae, Freddie Mac on negative watch as US debt deadline looms 2023-05-25T04:00:00Z The document outlines a potential deal to lift the debt ceiling until after the 2024 election while clawing back unspent coronavirus relief. McCarthy threatened with GOP rebellion over rumored debt-limit deal with Biden 2023-05-25T04:00:00Z "Nothing is finalized," said one of the sources who cautioned that talks on raising the government's $31.4 trillion debt ceiling were fluid. Power transmission deal being mulled in US debt limit talks -sources 2023-05-25T04:00:00Z Chatham's Dhargalkar said even a minor inconvenience around the debt ceiling can be significant to companies, leading to dramatic changes in their funding plan and costly delays. Companies beef up contingency plans ahead of US debt-ceiling deadline 2023-05-26T04:00:00Z Is there enough time for a US debt ceiling deal? Congress close to deal before breaking for holiday, reports say 2023-05-25T04:00:00Z Treasury Department is at risk of defaulting on its debt if Congress doesn't act to lift the debt ceiling before it is reached, which could happen as soon as June 1. Explainer: What would happen to a Treasury after default? Six key questions 2023-05-25T04:00:00Z CDS spreads have risen quickly this month - from roughly 80-90 basis points in March and 17 basis points at the beginning of the year – as the debt ceiling fight intensified. US credit default swaps flash default warning and speculators rush in 2023-05-25T04:00:00Z The lawmakers also want Treasury Secretary Janet Yellen to release data showing how the federal government has determined it can’t pay all its bills if the debt ceiling is not raised by June 1. 35 Freedom Caucus members demand McCarthy expand debt limit negotiations with Biden 2023-05-25T04:00:00Z "Republicans should not make a deal on the debt ceiling unless they get everything they want," Trump posted on Truth social last week. McCarthy says he spoke with Trump about US debt ceiling talks 2023-05-25T04:00:00Z Republicans included 10-year caps on discretionary spending in a bill they passed last month that also raised the debt ceiling through next year, and party leaders said they would exempt the military from those caps. Military Spending Emerges as Big Dispute in Debt-Limit Talks 2023-05-25T04:00:00Z “The U.S. economy is showing continued resilience which, combined with debt ceiling concerns, led to higher mortgage rates this week,” said Sam Khater, Freddie Mac’s chief economist. Average long-term US mortgage rate rises to 6.57% this week, highest level since mid March 2023-05-25T04:00:00Z House Speaker Kevin McCarthy hasn’t included Social Security in the sweeping cuts to spending that Republicans are demanding in return for supporting an increase in the debt ceiling. Could $25 billion in Social Security payments force a debt-limit deal? 2023-05-25T04:00:00Z Whether the story is about infrastructure, the economy, the debt ceiling, Trump or anything else, the Biden administration cannot frame the narrative or push it out. Joe Biden on the brink: Will the disastrous White House comms bring us a second Trump term? 2023-05-25T04:00:00Z House of Representatives Speaker Kevin McCarthy said on Thursday he spoke briefly with former President Donald Trump about the debt ceiling negotiations in recent days, as time runs short for an agreement to avoid default. McCarthy says he spoke with Trump about US debt ceiling talks 2023-05-25T04:00:00Z “I will use every procedural tool at my disposal to impede a debt ceiling deal that doesn’t contain substantial spending and budgetary reforms,” said Mr. Lee, Utah Republican. Sen. Mike Lee threatens to delay debt limit deal in Senate unless spending cuts are ‘substantial’ 2023-05-25T04:00:00Z The White House and congressional Republicans are expected to resume negotiations on a deal to raise the government's $31.4 trillion debt ceiling on Thursday, with as little as a week remaining until a potential default. Moody's: Emerging market credit to be tight amid U.S.-led risks 2023-05-25T04:00:00Z The ratings agency put the national AAA rating on negative watch, as a political impasse on raising the debt ceiling makes a default more likely. Carl Icahn’s Battle with Illumina Comes to a Head 2023-05-25T04:00:00Z My second question to Harris was about the debt ceiling negotiations. Joe Biden on the brink: Will the disastrous White House comms bring us a second Trump term? 2023-05-25T04:00:00Z The Treasury Department says the United States could run out of money to pay its bills as soon as June 1, seven days from now if the debt ceiling is not raised. White House, Republicans seek to close US debt-ceiling deal as deadline nears 2023-05-25T04:00:00Z The Indian rupee inched lower on Thursday on risk aversion fuelled by the U.S. debt ceiling worries, but fared better than its Asian peers and continued to hold above a key level. The end of King Dollar? The forces at play in de-dollarisation 2023-05-25T04:00:00Z The U.S. debt ceiling saga continues to hang over global markets, with the White House and Republicans both citing progress in the latest round of talks but no breakthrough yet. Morning Bid: Fitch puts US on watch; will it matter in Washington? 2023-05-25T04:00:00Z A defiant House Speaker Kevin McCarthy said the debt ceiling standoff was “not my fault” as Republican negotiators and the White House failed to finish out talks. McCarthy’s Republicans push debt ceiling talks to brink, lawmakers leaving town for weekend 2023-05-24T04:00:00Z Indeed, Joe Biden has been curiously absent from the public eye even as he claims the debt ceiling crisis is a dire moment for our democracy. Joe Biden on the brink: Will the disastrous White House comms bring us a second Trump term? 2023-05-25T04:00:00Z "The brinkmanship over the debt ceiling, failure of the U.S. authorities to meaningfully tackle medium-term fiscal challenges ... and a growing debt burden signal downside risks to U.S. creditworthiness," Fitch said in its statement on Wednesday. White House, Republicans seek to close US debt-ceiling deal as deadline nears 2023-05-25T04:00:00Z With only a week left until the "X-date" for a debt ceiling resolution, and a divided Congress also needing several days to pass legislation, investors are becoming increasingly jittery. Dollar ascendant amid resilient US economy, haven demand 2023-05-25T04:00:00Z Negotiators for Democratic President Joe Biden and top congressional Republican Kevin McCarthy held what both sides called productive talks on Wednesday as they race to reach a deal to raise the debt ceiling. Asian stocks sink on debt ceiling jitters 2023-05-25T04:00:00Z McCarthy and his Republican negotiators said what the Democrats get is a debt ceiling increase — typically something both parties take responsibility for doing. McCarthy’s Republicans push debt ceiling talks to brink, lawmakers leaving town for weekend 2023-05-24T04:00:00Z At the end of the day, the debt ceiling crisis is another indication of how fractured American politics has become. Joe Biden on the brink: Will the disastrous White House comms bring us a second Trump term? 2023-05-25T04:00:00Z The BOJ will probably wait until concern over global banking sector woes and the U.S. debt ceiling standoff eases, he said. BOJ may abandon bond yield cap this year - govt panellist 2023-05-25T04:00:00Z While debt ceiling fears are pushing up ultra-short dated yields, rates markets continue to push up expectations of a Fed rate hike next month. ASIA U.S. default risk clouds Korea, Indonesia rate decisions 2023-05-24T04:00:00Z The Indian rupee is expected to decline on Thursday as worries over the U.S. debt ceiling boosted demand for the safe haven dollar and sent U.S. yields higher. Asian stocks sink on debt ceiling jitters 2023-05-25T04:00:00Z In the House, they have passed a bill proposing massive budget cuts that could limit government spending across the board over the coming decade, in exchange for raising the debt ceiling. The U.S. Debt-Ceiling Crisis Could Harm Science for Years to Come 2023-05-24T04:00:00Z Negotiators for President Joe Biden and McCarthy reconvened at the White House earlier to try to strike a deal to raise the United States' $31.4 trillion debt ceiling and avoid a catastrophic default. White House criticizes Republicans, says 'preventing default' is not a concession 2023-05-24T04:00:00Z Treasury to raise the government's $31.4 debt ceiling, with Democrats and Republicans still deeply divided on how to curb the federal deficit. Change in tone in U.S. debt talks could prompt rating action before default -Moody's 2023-05-24T04:00:00Z The Canadian dollar weakened to a near three-week low against U.S. counterpart on Wednesday, tracking declines for other risk-sensitive currencies, as investors worried that U.S. debt ceiling talks are not making sufficient progress. US business borrowing for equipment falls 8% in April- ELFA survey 2023-05-24T04:00:00Z The Treasury says Congress must agree to raise the debt ceiling by 1 June or the US will run out of cash to pay its bills, resulting in economic disaster. Are investors finally nervous about the US debt ceiling? 2023-05-24T04:00:00Z One possibility is that Republicans and Biden reach a deal to increase the debt ceiling without resolving questions about 2024 spending levels. The U.S. Debt-Ceiling Crisis Could Harm Science for Years to Come 2023-05-24T04:00:00Z The Canadian dollar weakened to a near three-week low against U.S. counterpart on Wednesday, tracking declines for other risk-sensitive currencies, as investors worried that U.S. debt ceiling talks are not making sufficient progress. White House criticizes Republicans, says 'preventing default' is not a concession 2023-05-24T04:00:00Z The Canadian dollar weakened to a near three-week low against U.S. counterpart on Wednesday, tracking declines for other risk-sensitive currencies, as investors worried that U.S. debt ceiling talks are not making sufficient progress. Change in tone in U.S. debt talks could prompt rating action before default -Moody's 2023-05-24T04:00:00Z Failure to raise the debt ceiling threatens "significant disruptions to the financial system and tighter financial conditions that weaken the economy," some participants noted. Fed agreed need for more rate hikes after May meeting was 'less certain' 2023-05-24T04:00:00Z But the $5 billion for the effort could soon evaporate, a likely victim of ongoing negotiations between the administration and Congress over the U.S. debt ceiling. The COVID-19 virus mutated to outsmart key antibody treatments. Better ones are coming 2023-05-23T04:00:00Z In many respects, he has carried that work over to the debt ceiling debate. Who’s who in the debt limit fight: Meet the five negotiators working to save the US from default 2023-05-24T04:00:00Z Treasury has indicated that the hard deadline to raise the debt ceiling is June 1. MTG ripped for spending $100K on Kevin McCarthy's used Chapstick while "country teeters on default" 2023-05-24T04:00:00Z “Treasury and President Biden will face very tough choices if Congress doesn’t act to raise the debt ceiling and if we hit the so-called X-date without that occurring,” Ms. Yellen said. Yellen Warns of Missed Payments if Debt Limit Is Not Lifted 2023-05-24T04:00:00Z Treasury Secretary Janet Yellen on Wednesday maintained early June as a debt ceiling default deadline and said she will update Congress shortly about government finances. Yellen maintains early June as U.S. debt ceiling deadline 2023-05-24T04:00:00Z Talks are fluid as Biden and McCarthy work towards a deal to raise the $31.4 trillion debt ceiling and avoid a default as soon as June 1. Explainer: US debt ceiling focus on 'discretionary spending' means cuts ahead 2023-05-24T04:00:00Z |
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