News

The Debt Ceiling Debate Strikes Again as the Country Inches Closer to Default
It’s as true now as it was in times prior that the U.S. defaulting on its debt would throw the country’s creditworthiness out ...
US could run short of money to pay its bills by August without a debt limit deal, CBO says
The debt limit was reinstated Jan. 2, following its suspension by Congress in the Fiscal Responsibility Act of 2023. “The Treasury has already reached the current debt limit of $36.1 trillion, so it ...
Hosted on MSN20d
US could hit debt ceiling as early as mid-July, study shows
Former House Speaker Kevin McCarthy (R-Calif.) did exactly that back in June 2023 as part of the Fiscal Responsibility Act, which had suspended the debt limit until Jan. 1. Democrats have ...
Congress is on the clock to raise the debt ceiling to avoid default
The consequences of failing to raise the debt ceiling are astronomical and could cause the government to miss payments on its debt once it runs out of funds through the “extraordinary measures” ...
Committee for a Responsible Federal Budget14dOpinion
Debt Ceiling Needs to be Raised in Advance of X Date
Recent reports from the Congressional Budget Office (CBO) and the Bipartisan Policy Center estimate that the debt ceiling, ...
Committee for a Responsible Federal Budget6d
Either Reconciliation Approach Would Raise Debt Ceiling With More Borrowing
The reconciliation instructions in the Senate-adopted concurrent budget resolution for Fiscal Year (FY) 2025 would allow for a $4 to $5 trillion debt limit increase. Historically, debt ceiling ...
CBS News19d
U.S. could face default by August if Congress doesn't address debt ceiling, budget office says
The debt ceiling was last addressed in 2023, when Congress suspended it until Jan. 1, 2025, under the Fiscal Responsibility Act. Since January, the Treasury Department has been using ...
Washington Examiner29d
Debt ceiling tears at GOP unity after funding bill victory
Trump lobbied Congress to raise the debt limit in December ... with another downgrade in 2023. But hard-liners rejected the demand en masse as 38 House Republicans voted against a Trump-backed ...
The Hill20d
Wyden: Democrats shouldn’t make Republicans job ‘any easier’ by helping them raise debt limit
Congress last suspended the debt ceiling, which caps how much money the ... between former President Biden and GOP leadership in 2023. The deal staved off the threat of national default through ...
New York Post20d
US could hit debt ceiling as early as mid-July, study shows
did exactly that back in June 2023 as part of the Fiscal Responsibility Act, which had suspended the debt limit until Jan. 1. Democrats have traditionally favored suspending the debt ceiling ...
ABC News19d
US could run short of money to pay its bills by August without a debt limit deal: CBO
The debt limit was reinstated Jan. 2, following its suspension by Congress in the Fiscal Responsibility Act of 2023. “The Treasury has already reached the current debt limit of $36.1 trillion ...
Yahoo Finance19d
US could run short of money to pay its bills by August without a debt limit deal, CBO says
The debt limit was reinstated Jan. 2, following its suspension by Congress in the Fiscal Responsibility Act of 2023. “The Treasury has already reached the current debt limit of $36.1 trillion ...