KVSP ceiling
Tetra Images – Henryk Sadura/Getty Images (WASHINGTON) — With just days until the deadline for the nation to default, the Senate now is racing against the clock to pass a bipartisan debt ceiling agreement and avoid what would be an economically catastrophic failure to pay the country’s bills. Debate began Thursday morning as the chamber’s leaders […]
Michael Godek/Getty Images (WASHINGTON) — The House on Wednesday night approved a bill to raise the nation’s debt ceiling while cutting some government spending over the next two years, in a major victory for both the White House and Republican leaders as the country tip-toes closer to a historic default on its bills. The final […]
Tetra Images – Henryk Sadura/Getty Images (WASHINGTON) — With just days until a June 5 deadline, the Senate now is racing against time to pass the debt ceiling bill and avoid what would be an economically catastrophic default. But while Majority Leader Chuck Schumer said work would begin immediately after House passage Wednesday night, it’s […]
Drew Angerer/Getty Images (WASHINGTON) — Work requirements for government safety net programs are back in the spotlight as the House readies for a key vote on the debt ceiling deal brokered by President Joe Biden and Speaker Kevin McCarthy. In a twist, a new analysis from the Congressional Budget Office released late Tuesday found tougher rules […]
Tetra Images – Henryk Sadura/Getty Images (WASHINGTON) — The debt ceiling deal brokered by President Joe Biden and House Speaker Kevin McCarthy cleared a major procedural hurdle on Tuesday night, just days before a potential default by the U.S. government. The House Rules Committee gave the green light for the Fiscal Responsibility Act to advance […]
Tetra Images – Henryk Sadura/Getty Images (WASHINGTON) — The debt ceiling deal brokered by President Joe Biden and House Speaker Kevin McCarthy faces its first major test Tuesday, just days before a potential default. With little time for delay, the powerful House Rules Committee, which controls how, when and whether a measure will be handled […]
Tetra Images – Henryk Sadura/Getty Images (WASHINGTON) — Gridlock in Washington over raising the debt ceiling threatens to disrupt payments to millions of Americans who rely on government benefits each month. Seniors, veterans and Americans living with disabilities could be the first to suffer if the federal government is unable to pay its bills as […]
Kevin Dietsch/Getty Images (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 McCarthy and their teams are “making progress” on debt ceiling talks as the country inches closer to default. “I’ve made it clear time and […]
Tom Williams/CQ-Roll Call, Inc via Getty Image (WASHINGTON) — Unless Washington reaches a deal on the debt ceiling, government payments millions of Americans rely on each month could be in jeopardy in little more than a week. While the deadline politics play out in Washington, the uncertain timeline of exactly what happens next — both with […]
Nitat Termmee/Getty Images (NEW YORK) — As the U.S. hurtles closer to a default on its debt as early as next month, the economic consequences could prove devastating, especially for millions who stand to lose their jobs. Even a brief debt ceiling breach of about one week would slash 1.5 million jobs, raising the unemployment […]
