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 […]
Tag: debt ceiling
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 […]
GOP Leader Says “Zero Percent Chance” Debt Ceiling Does Not Get Raised
Senate Majority Leader Mitch McConnell on Monday insisted the U.S. government will raise the debt ceiling and avoid defaulting on its debt. “There is zero chance — no chance — we won’t raise the debt ceiling. No chance,” McConnell said at an event in Kentucky with Treasury Secretary Steven Mnuchin. “America’s not going to default. […]