debt ceiling
House Speaker Johnson pushes funding bill to dodge government shutdown
House Speaker Mike Johnson (R-La.) is moving forward with plans to pass a short-term funding bill through March to avoid a partial government shutdown this week — enraging hardline Republicans...
US $34 trillion national debt is 'boiling frog' scenario for economy: analyst
"Every round of fiscal stimulus brings the US one step closer to debt unsustainability," JPMorgan Chase strategist Michael Cembalest wrote.
Biden’s border ‘insurrection’, Harvard’s long post-Gay recovery and other commentary
“Despite all the dishonest talk of ‘insurrection’ coming from the left, it is Joe Biden’s open borders agenda that amounts to the greatest insurrection since the Civil War," fumes Aaron...
Dems share blame for Speaker’s fall, Sweden’s telling crime surge and other commentary
The blame for former Speaker Kevin McCarthy’s ouster rests “with both parties’ leaders” for “failing to reach across the aisle to save the country from this mess,” argues Michael R....
Hey, Congress: End outrages like $3.3 billion for furniture instead of indulging in palace intrigue
Hello? Congress needs to pass a multitrillion-dollar budget by Nov. 17. And if it can’t even look into (let alone control) what government shells out for furniture during a pandemic,...
US national debt hits $33 trillion mark for first time ever
According to Treasury Department data, the federal government has spent nearly quarter of its budget -- 23% -- on Social Security in fiscal year 2023.
Government shutdown could impede GOP's Hunter Biden probe: McCarthy
Speaker Kevin McCarthy (R-Calif.) implied Sunday that a stopgap measure to avert a government shutdown in the fall is critical to keeping the GOP's Hunter Biden investigations afloat.
Fitch downgraded America to punish Republicans for the debt-ceiling fight
Fitch’s downgrade is a reactionary punishment for the debt-ceiling debate when the United States’ full-faith-and-credit ability to service our debt is under no threat.
Larry Summers joins outcry over Fitch downgrade
Former Treasury Secretary Larry Summers called Fitch's AAA-to-AA+ downgrade as "bizarre and inept," adding that "the economy looks stronger than expected."
US credit rating downgraded in shock move: 'Deterioration in standards of governance'
Ratings agency Fitch on Tuesday downgraded the U.S. government's top credit rating to AA+ from AAA, citing an expected fiscal deterioration over the next three years.
Fed court stymies Manchin’s prized pipeline from debt limit deal
A federal appeals court laid down a roadblock in completion of a natural gas pipeline championed by Sen. Joe Manchin (D-WV).
US national debt exceeds $32 trillion for first time
The US national debt topped $32 trillion for the first time ever this week, according to Treasury Department data released on Friday. The debt milestone comes two weeks after President...
Conservative Republicans block bills from reaching House floor in protest of McCarthy
Conservative Republicans on Tuesday retaliated against House Speaker Kevin McCarthy’s deal with President Biden to raise the debt ceiling by blocking bills from reaching the floor of the lower chamber. ...
McCarthy and Biden's debt deal: Letters to the Editor — June 5, 2023
Post readers sound off on the deal reached by President Biden and the House to suspend the debt limit and cap spending.
Moderates win on debt-ceiling — despite Biden's obstructionism
That wasn't so hard: The Senate on Friday overwhelmingly passed legislation with bipartisan support, 63-36, to raise the debt ceiling along with the first major rollback of federal spending ever....
Joe Biden signs bipartisan debt-limit bill to avert US default
President Biden on Saturday signed the bill that will raise the national debt by another $4 trillion.
Biden says US dodged 'economic collapse' in first Oval Office speech since deal reached to raise debt ceiling
President Biden used his first Oval Office address to the nation Friday evening to celebrate passage of legislation raising the federal debt ceiling until January 2025.
Debt deal shows Democrats are the party of freeloaders
On Wednesday night, the House passed legislation to raise the nation’s borrowing limit and cap future spending.
Senate passes bipartisan bill to raise debt ceiling and cap future spending just days before potential US default
The Senate on Thursday voted to pass the bipartisan measure to raise the nation’s borrowing limit and cap future spending, sending the legislation to President Biden’s desk with just days...
In debt-ceiling battle, GOP failed to tackle the Big Green blob
The House on Wednesday night passed legislation negotiated by President Biden and House Speaker Kevin McCarthy.