Trump and Vance criticize Republican handling of debt ceiling, call for temporary funding bill, even Liz Warren agrees
WASHINGTON, D.C. — President-elect Donald J. Trump and Vice President-elect JD Vance released a statement Thursday lambasting Congressional Republicans for allowing the United States to hit its debt ceiling in 2025 and…
US Senate Republican urges Biden, McCarthy to meet on debt ceiling: ‘Time is a-wastin’
WASHINGTON (Reuters) – No. 2 U.S. Senate Republican John Thune on Monday said the news that the federal government could no longer be able to pay its bills as soon as June…
Factbox: U.S. debt ceiling: A ‘clean’ increase is not the rule
(Reuters) – The U.S. federal government is ticking closer to its “x-date,” when it will no longer be able to pay its bills and risk a default that would shake the world…
Factbox-U.S. debt ceiling standoff: Platinum coins, the 14th Amendment could be paths out
WASHINGTON (Reuters) – With Democratic President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy locked in a standoff over raising the United States’ $31.4 trillion debt ceiling, some observers have…
Citi’s Fraser warns U.S. debt ceiling debate has serious consequences
BEVERLY HILLS (Reuters) – Citigroup chief executive officer Jane Fraser said on Monday that debate about the debt ceiling in the United States had serious consequences even as the investing world breathes…
‘Thank Every Republican’: McCarthy Takes Victory Lap Over Passage Of Debt Ceiling Bill
‘Thank Every Republican’: McCarthy Takes Victory Lap Over Passage Of Debt Ceiling Bill Harold Hutchison on April 26, 2023 Republican Rep. Kevin McCarthy of California said Wednesday that Americans should “thank every…
BlackRock adds Treasuries as debt ceiling jitters intensify
By Davide Barbuscia CHICAGO (Reuters) – BlackRock has been buying U.S. Treasuries in anticipation of an economic slowdown and a protracted fight between the U.S. government and Congress around the debt limit,…
US debt ceiling technical default seen at 2%-3%, says Summers
By Davide Barbuscia CHICAGO (Reuters) – Former U.S. Treasury Secretary Lawrence Summers said the odds that the U.S. government could face a technical debt default due to legislation around its borrowing limit…
Analysis-Debt ceiling worries bubble up in US stock options market
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Worries over a debt ceiling showdown are creeping into U.S. options markets, as investors grow increasingly concerned that lawmakers will be unable to hammer…
Bipartisan House Group Unveils Alternative Debt Ceiling Proposal As McCarthy, Biden Butt Heads
Bipartisan House Group Unveils Alternative Debt Ceiling Proposal As McCarthy, Biden Butt Heads Arjun Singh on April 20, 2023 A group of 61 House members has introduced a budget proposal to resolve…
GOP Debt Ceiling Bill Guts Biden’s Signature Climate Law
GOP Debt Ceiling Bill Guts Biden’s Signature Climate Law John Hugh DeMastri on April 19, 2023 House Speaker Kevin McCarthy unveiled a Republican budget proposal Wednesday that would end the hundreds of…
JPMorgan sees “non-trivial risk” of a technical default on U.S. Treasuries as debt ceiling looms
LONDON (Reuters) – JPMorgan expects the U.S. debt ceiling to become an issue as early as next month with the Wall Street bank ascribing a “non-trivial risk” of a technical default on…
Debt ceiling fight shows stakes of Feinstein’s US Senate absence-Klobuchar
By Katharine Jackson WASHINGTON (Reuters) – The standoff over raising the U.S. federal government’s $31.4 trillion debt ceiling illustrates the stakes of U.S. Senator Dianne Feinstein’s lengthy absence from Washington, fellow Democratic…
U.S. House Republican hardliners unveil spending demands for raising debt ceiling
By David Morgan WASHINGTON (Reuters) – The hardline U.S. House Freedom Caucus responded to President Joe Biden’s $6.8 trillion budget proposal on Friday, with a list of demands including a near freeze…
Analysis-Declining U.S. bank reserves add wrinkle to contentious debt ceiling issue
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – A rapid fall in bank reserves held at the Federal Reserve, coinciding with an expected shortage of U.S. Treasury bills as the debt ceiling battle…
REP. ANDY BIGGS: Raise The Debt Ceiling Again? Here’s A Better Idea
REP. ANDY BIGGS: Raise The Debt Ceiling Again? Here’s A Better Idea Rep. Andy Biggs on March 8, 2023 President Joe Biden wants to raise the national debt by more than $3…
Fed’s Powell sees long-term damage if US debt ceiling not raised
By Michael S. Derby NEW YORK (Reuters) – The United States risks long-term damage if Congress does not raise the national debt ceiling, Federal Reserve Chair Jerome Powell said on Tuesday. “Congress…
GROVER NORQUIST: Six Steps Republicans Should Take On The Debt Ceiling
GROVER NORQUIST: Six Steps Republicans Should Take On The Debt Ceiling Grover Norquist on February 5, 2023 In his first two years in power President Joe Biden and the Democrats added several…
What is a debt ceiling and why are we talking about raising it?
For those of us living in the United States, the topic of debt ceilings and raising them has been an ongoing debate. But what exactly is a debt ceiling, and why are…
‘Revisionist History’: Sparks Fly As CNN Host Spars With GOP Rep On Debt Ceiling Drama
‘Revisionist History’: Sparks Fly As CNN Host Spars With GOP Rep On Debt Ceiling Drama Harold Hutchison on February 1, 2023 Republican Rep. Dusty Johnson of South Dakota sparred with CNN host…
Factbox-U.S. debt ceiling: A straightforward vote is not the usual path
(Reuters) – The White House wants Congress to raise U.S. borrowing limits without conditions, but if years past are any indication, spending cuts and other legislation will factor in the haggling that…
Manchin Says He’s Baffled Why ‘Reasonable’ Biden Won’t Negotiate On Debt Ceiling
Manchin Says He’s Baffled Why ‘Reasonable’ Biden Won’t Negotiate On Debt Ceiling Harold Hutchison on January 27, 2023 Democratic Sen. Joe Manchin of West Virginia said Friday he could not understand why…
U.S. Senate Republicans put Biden on notice over debt ceiling
By David Morgan WASHINGTON (Reuters) – Two dozen U.S. Senate Republicans warned Democratic President Joe Biden on Friday that they would not support increasing the federal debt ceiling without at least an…
‘We Have Plenty Of Money’: Rand Paul Fires Back At ‘Completely Dishonest’ Debt Ceiling Doomsday Talk
‘We Have Plenty Of Money’: Rand Paul Fires Back At ‘Completely Dishonest’ Debt Ceiling Doomsday Talk Harold Hutchison on January 25, 2023 Republican Sen. Rand Paul of Kentucky said Wednesday that doomsday…
Debt ceiling ‘game of chicken’ will terrify markets -Bain Capital’s Lavine
By Nell Mackenzie LONDON (Reuters) – If the U.S. Congress becomes mired in an argument on whether to raise the debt ceiling, this will hurt the U.S. economy and rattle financial markets,…
IMF says failure to increase U.S. debt ceiling would have ‘serious repercussions’
(Reuters) – Failure to increase the U.S. debt ceiling would have serious repercussions for the United States and the global economy, an International Monetary Fund spokesperson said on Friday, urging involved parties…
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