A contentious partisan conflict over raising the debt ceiling is playing out. The U.S. is set to run out of money to pay its bills as early as June 1.
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Mon, 05/15/2023 - 6:41am
BING NEWS:
- The debt ceiling is back on the table for 2025. Here's what happens next.
For about 48 hours last week, it looked like a debt ceiling fight in 2025 would be averted as ideas were floated to push the issue off until 2027 or 2029 (or even forever). But it was not to be.
12/22/2024 - 10:00 am | View Link - Why Trump is pushing hard to defuse the debt ceiling now and what it would mean for America
Democrats have long called for eliminating the debt ceiling. Sen. Elizabeth Warren signaled support for Trump's unexpected proposal.
12/20/2024 - 6:42 am | View Link - What is the debt ceiling? Inside Trump's unprecedented demand to eliminate it.
Among the measures being debated by Congress to avert a government shutdown is increasing the debt ceiling — or eliminating it entirely.
12/20/2024 - 6:22 am | View Link - What is the debt ceiling? Here's why Trump wants Congress to abolish it before he takes office
President-elect Donald Trump added a wrinkle to negotiations over a deal to fund the government when he called for an increase to the debt ceiling.
12/20/2024 - 4:44 am | View Link - What is the debt ceiling? Does California have a debt ceiling? What to know.
CDLAC has a population-based formula to determine the cap. CDLAC was created to set and allocate California's annual debt ceiling, currently set with over $4 billion, based on the state population of ...
12/20/2024 - 3:00 am | View Link - More
- Biden and McCarthy reach a final deal to avoid US default and now must ...
The debt ceiling deal has come with just days to spare before a potential first-ever government default. On Sunday, President Joe Biden and House Speaker Kevin McCarthy reached a final agreement and they are urging Congress to quickly pass it.
12/22/2024 - 10:05 am | View Website - Debt ceiling deal reached in principle by Biden and McCarthy to avoid ...
President Biden and House Speaker Kevin McCarthy reached an agreement in principle to avoid a potentially disastrous government default and raise the nation's debt ceiling.
12/21/2024 - 10:10 pm | View Website - Just days to spare, Senate gives final approval to debt ceiling deal ...
Fending off a U.S. default, the Senate has given final approval to a debt ceiling and budget cuts package. It's now on its way to President Joe Biden’s desk to become law before a fast-approaching deadline. The Senate ground through late-night voting Thursday to wrap up work on the hard-fought deal.
12/21/2024 - 12:58 pm | View Website - Biden and McCarthy Reach Debt Ceiling Deal to Avert U.S. Default
With the government on track to reach its borrowing limit within days, negotiators sealed an agreement to raise the debt ceiling for two years while cutting and capping certain federal programs.
12/21/2024 - 9:09 am | View Website - Senate passes debt ceiling deal | CNN Politics
President Joe Biden is addressing the nation from the Oval Office after both chambers of Congress passed a budget agreement that will raise the debt ceiling and avoid default.
12/21/2024 - 8:19 am | View Website - More
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