Biden under pressure as McCarthy, McConnell align on spending reforms tied to debt limit increase
President Biden is under pressure to negotiate with congressional Republicans over the debt limit as House Speaker Kevin McCarthy and Senate Republican Leader Mitch McConnell align on spending reforms in exchange for a debt limit increase.
US Could Hit Debt Ceiling in June, Banks Warn
The U.S. government’s deadline to raise the $31.4 trillion debt ceiling could be sooner than expected, raising the prospect of a short-term debt limit extension, analysts said Tuesday.
Dems reject matched spending cuts, setting up showdown with House Republicans over debt ceiling
It’s that time again: Congress has less than one week to hammer out an agreement to raise the debt limit before the U.S. Treasury Department must take “extraordinary measures.”
Shutdown risk grows as both parties balk on debt ceiling hike
Both Democrats and Republicans in Congress are poised to stand in the way of lifting the nation’s borrowing limit next month, increasing the chances of real problems for House and Senate leaders as they try to increase the debt ceiling by an end-of-September deadline.
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