Search results
Results from the WOW.Com Content Network
The House and Senate this week have to race to pass a debt ceiling bill to avoid a default after President Biden and Speaker Kevin McCarthy (R-Calif.) struck an agreement in principle over ...
Bill passed after senators rejected 11 proposed amendments
Republicans have shot back that a so-called “clean” increase is off the table; they passed a plan in April that repealed large swaths of Biden’s accomplishments in exchange for an increase.
The legislation would also include $2.5 trillion in cuts to net mandatory spending, aimed at satisfying conservative members who oppose increasing the debt ceiling without accompanying cuts.
For premium support please call: 800-290-4726
The U.S. government hit its borrowing limit Thursday, causing the Treasury to activate "extraordinary measures" to keep paying the government's bills.
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
For premium support please call: 800-290-4726 more ways to reach us