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 […]
“We don’t need to give in to Republican extortion or default,” the House progressives asserted. “The Constitution grants the president another option.” After GOP House negotiators bailed on U.S. debt ceiling talks on Friday, around two-thirds of the Congressional Progressive Caucus urged President Joe Biden to “invoke his constitutional authority granted in the 14th Amendment” in order […]
U.S. President Joe Biden, House Speaker Kevin McCarthy and other top congressional leaders appeared no closer Tuesday to a deal aimed at reaching agreement on raising the country’s debt ceiling so the government can borrow more to pay its existing obligations. The impasse comes amid dire warnings from the U.S. Treasury that a default could […]