Shuran Huang/The New York Times/Redux

Debt ceiling alarm bells ring in DC today

Every American could get hurt if the new hardline Republican House’s dangerous game of roulette with a still vulnerable economy backfires. The nation reaches a first, critical threshold Thursday in the brewing Washington showdown over the national debt that could define the tenure of the new GOP majority and the final two years of President […]

Tom Williams

Gear up for a debt ceiling fight in congress

The Republican-controlled House has planted the seeds for a debt-ceiling showdown, with Speaker Kevin McCarthy endorsing a push by his hard-liners to demand spending cuts as part of any extension of the country’s borrowing authority. The political divide is deep and the stakes are high. Ultraconservative lawmakers insist they don’t want the country to default, […]

Elizabeth Frantz/Reuters

If GOP retakes control of Congress brace for a debt-ceiling fight

With Republicans poised to retake control of one or both houses of Congress in the November midterm elections, Democrats are scrambling to to find a way to avert a debt-ceiling fight that threatens to effectively undo much of what the Biden administration has accomplished in its first two years. Sen. Bernie Sanders, the independent from […]


Trump Says Debt Ceiling Is Not Necessary

President Trump meets with Senate Majority Leader Mitch McConnell, R-Ky., Senate Minority Leader Chuck Schumer, D-N.Y., House Minority Leader Nancy Pelosi, D-Calif., and other congressional leaders in the Oval Office. According to The Washington Post, Trump and Schumer have agreed to work on a plan to eliminate the debt ceiling. The debt ceiling’s days as […]