Debt Ceiling

Opinion

Opinion: The Debt Limit Isn’t the Problem. Spending Is

Headline after headline during recent months has centered on the fight to raise the nation’s debt ceiling. Many emphasized a potential doomsday scenario that could unfold if the limit isn’t lifted or suspended by October 18. It’s gotten so bad, the Biden administration is even looking into what it would do if the impasse can’t be averted. This fight,

Financial

McConnell says he won’t help Dems raise debt limit again

Senate Minority Leader Mitch McConnell said Friday he would not again help Democrats extend the government’s borrowing authority, raising fresh doubts about how Congress will avert a federal default when a temporary patch expires in December. McConnell issued his warning in a letter to President Joe Biden a day after the Senate approved a $480

Opinion

Opinion: Dems’ Socialist Spending Plans Slam Into Debt Ceiling

Democrats have a problem. They want Republican fingerprints on their big-government socialist reconciliation bill. But first, they need to raise the debt ceiling to clear the way for trillions in new spending. Republicans are united in opposition to the reconciliation bill. And they have made clear since the beginning that Democrats — with full control

Financial

Congress foresees short-term debt fix amid perilous standoff

Republican and Democratic leaders edged back Wednesday from a perilous standoff over lifting the nation’s borrowing cap, with Democratic senators signaling they were receptive to an offer from Senate GOP leader Mitch McConnell that would allow an emergency extension into December. McConnell made the offer shortly before Republicans were prepared to block legislation to suspend

Economy

Biden tells GOP to ‘get out of the way’ on debt limit

President Joe Biden on Monday urged Republican senators to “get out of the way” and let Democrats suspend the nation’s debt limit, hoping to keep the U.S. government from bumping dangerously close to a credit default as Senate Republican Leader Mitch McConnell refuses to lend his party’s help. Biden’s criticism came with Congress facing an

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