A History Of The U.S. Debt Ceiling
Congress is debating an 11th-hour compromise plan on the nation’s debt ceiling that would stave off a U.S. default. The Onion looks back at the history and crises…
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The Case for Debt-Ceiling Optimism
As the government careens toward the brink of default without a deal to lift the debt limit, an unlikely source of reassurance has emerged. “I think everyone needs…
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McCarthy: ‘Don’t Give Up’ On Debt Limit Talks, But Signs Of Progress Prove Elusive
House Speaker Kevin McCarthy (R-Calif.) said the latest meeting with the White House over the need to raise the limit on how much the government can borrow was…
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Biden: GOP Must Move Off ‘Extreme Positions’ On Debt Limit
HIROSHIMA, Japan (AP) — President Joe Biden said Sunday that Republicans in the U.S. House must move off their “extreme positions” on the now-stalled talks over raising America’s…
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Democrats Fret As Joe Biden Negotiates With GOP On Debt Limit
WASHINGTON ― Congressional Democrats are watching anxiously from the sidelines as President Joe Biden negotiates with House Republicans on a budget deal that would avoid a harmful default…
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Why Biden Caved
The White House and Congress have not made much progress in their talks to avert an unprecedented, and potentially calamitous, national default that could occur as soon as…
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Biden, Yellen warn of ‘catastrophe’ if debt limit not raised | Long Island Business News
President Joe Biden and Treasury Secretary Janet Yellen warned Tuesday of a potential economic crisis if a deal isn’t reached to increase the federal debt ceiling. They raised…
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Kevin McCarthy Says U.S. Will Not Default In Debt Ceiling Fight
House Speaker Kevin McCarthy (R-Calif.) sought to reassure investors Monday that the U.S. government will not see a first-ever default on its debt as a result of the…
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Big Business Sounds Alarms Over GOP Debt Limit Hostage Plan
It’s not just Democrats who are wary of House Republicans potentially holding the U.S. economy hostage next year with another debt limit showdown. Wall Street and corporate America…
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