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Debt limit deal hits turbulence in Congress as leaders prep for vote
Conservative Republicans and progressive Democrats both aired their disappointment with the agreement forged over the weekend.
Biden, McCarthy broker debt limit deal to avert U.S. default
The agreement would address the nation’s debt limit and include a “historic” reduction in spending, House Speaker Kevin McCarthy said.
Treasury secretary pinpoints June 5 as earliest date for U.S. debt default
Treasury Secretary Janet Yellen said if Congress fails to increase the debt limit, it would cause severe hardship to American families.
With debt default as soon as a week away, U.S. House jets off for holiday break
Top House Republicans negotiating with the White House did not immediately leave to fly home or head abroad on official trips ahead of the week-long break.
After years of bipartisan spending boosts, U.S. House GOP won’t lift debt ceiling without cuts
The flip in approach has left negotiators struggling to reach the bipartisan agreement needed to avoid a default on the U.S. debt as soon as June 1 that economists say would be catastrophic.
Biden and McCarthy strike positive tone after debt limit talks, but no deal yet
Neither man divulged details about what remains unresolved nor how soon they hope to reach an agreement.
Biden and McCarthy strike positive tone after debt limit talks, but no deal yet
The stalemate could soon disrupt Americans’ everyday lives as well as the global economy.
Biden says he’s offered $1 trillion in spending cuts but GOP won’t budge on debt limit
President Biden said his administration wants House Speaker Kevin McCarthy to consider changes to the tax code in addition to spending cuts.
A default on the U.S. debt would be far worse than a government shutdown. Here’s how.
A default would potentially reduce payments that keep millions of households afloat, as well as payments to states and providers for health care for elderly and low-income Americans.
Three-judge panel in U.S. appeals court hears arguments in abortion pill case
The three-judge panel’s ruling, which could come anytime after oral arguments, will likely be put on hold as the case moves up to the U.S. Supreme Court.
Some movement reported in debt limit talks as Biden cuts short overseas trip
The United States reached its debt limit in January, though serious negotiations on the country’s borrowing limit didn’t begin until earlier this month.
Arguments on landmark abortion pill case to be heard Wednesday in appeals court
A three-judge panel will decide whether to keep, overturn, or alter a lower-court ruling by a Texas judge who sought to end FDA approval of an abortion pill.