WASHINGTON — The U.S. House of Representatives approved legislation to suspend the government’s borrowing limit until early 2025, a step toward averting a Washington political showdown five days before the country could run out of money to pay its bills. With a late Wednesday vote of 314-117, the bill passed and now heads to the Senate […]
WASHINGTON — U.S. President Joe Biden and House Speaker Kevin McCarthy reached an agreement Sunday for a deal to increase the government’s borrowing limit and are urging Congress to approve the legislation to avoid a first-ever default. However, progressive Democratic lawmakers from the party’s ideological left and right-wing Republicans immediately voiced opposition Sunday to the deal […]
Top White House officials and Republican lawmakers were nearing a deal Thursday evening that would raise the debt limit for two years while also limiting federal spending on all but the military and veterans, according to news reports. If the deal can be agreed upon and enacted, it would raise the government’s borrowing limit for […]
WASHINGTON — U.S. President Joe Biden said Sunday that opposition Republicans in the House of Representatives must move away from their “extreme position” on government spending in order to reach a deal with Democrats to raise the country’s borrowing limit before it runs out of cash to pay its bills. The government could come up short […]