The U.S. defaulting on its financial obligations would have catastrophic and worldwide consequences. Some financial experts have even predicted that it could trigger a worldwide downturn equal to the ...
In 2023, a stalemate between then-President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...
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Trump's $5 trillion debt ceiling strategy could force Democrats to the negotiating table
President Donald Trump's hallmark legislation includes a staggering $5 trillion hike to the debt ceiling — a move that gives Republicans added leverage in bipartisan negotiations. With control of both ...
The U.S. Treasury is widely expected this week to announce its intention to keep note and bond auction sizes unchanged over ...
Republican Kentucky Sen. Rand Paul said Sunday on Fox News that the GOP is using the “same playbook” as Democrats in their efforts to not remove the debt ceiling from President Donald Trump’s “big, ...
The One Big Beautiful Bill recently got signed into law, reducing taxes for many Americans. But what will the hefty cuts mean for the U.S. national debt? Here’s how economic experts say the costs of ...
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Why the US is always hitting a 'debt ceiling'
Debt often feels like an abstract concept that tends to dominate news headlines at least once a year, and especially so ...
Despite Trump's prior comments, the White House has asked to raise the ceiling. — -- While President Donald Trump has spent much of his first six months in office attempting to roll back many of ...
WASHINGTON -- Seeking to strike a reassuring tone despite days of negotiations, President Joe Biden said Thursday afternoon that he's had several "productive conversations" with House Speaker Kevin ...
From the White House to Congress, lawmakers are hashing it out on how to solve the nation's massive debt crisis -- and the negotiations, shall we say, are less than pretty. President Obama is set to ...
With the U.S. set to reach its debt limit next Friday and all financing options running out sometime in February, Republicans opposed to increasing the nation’s borrowing authority without spending ...
The kicked-can of a deal sets up a bigger battle this winter. The TAKE with Averi Harper On the Senate floor Thursday morning, Senate Minority Leader Mitch McConnell took credit for resolving a crisis ...
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