debt-limit

Biden, McCarthy say they have brokered a debt limit deal to avert U.S. default

BY: and - May 27, 2023

McCarthy was expected to speak with members of the House Republican conference on a call later Saturday night.

COMMENTARY

A U.S. debt default could trigger dollar’s collapse | Analysis

BY: - May 11, 2023

The dollar’s collapse would enhance the position of the U.S.‘s top rival for global influence: China.

President Joe Biden pitches his budget plan during an appearance in Philadelphia on Thursday, 3/9/23 (Screen Capture).

Bipartisan group projects U.S. default as soon as early June, citing ‘quite low’ cash flows

BY: - May 9, 2023

'I still don't think now is the time for panic. But it's certainly time to start getting concerned,' an analyst said.

Treasury Secretary Janet Yellen gives a speech on the economy at Fords Rouge Electric Vehicle Center on Sept. 8, 2022 in Dearborn, Michigan. Yellen toured the factory, which produces the Ford F-150 Lightning, before her remarks. (Photo by Sarah Rice/Getty Images)

U.S. could default as early as June 1, Yellen warns Congress

BY: - May 2, 2023

The U.S. hit its $31.4 trillion borrowing limit on Jan. 19, triggering the Treasury Department to invoke “extraordinary measures."

GOP spending cuts tied to debt limit would be ‘devastating,’ Pa. Rep. Boyle warns

BY: - April 18, 2023

Republicans are shopping 'the same bad ideas and devastating cuts,' that Americans 'have been rejecting for decades,' Boyle said.

Treasury Secretary Janet Yellen gives a speech on the economy at Fords Rouge Electric Vehicle Center on Sept. 8, 2022 in Dearborn, Michigan. Yellen toured the factory, which produces the Ford F-150 Lightning, before her remarks. (Photo by Sarah Rice/Getty Images)

U.S. to hit debt limit much sooner than expected, thrusting Congress into showdown

BY: - January 13, 2023

The country will reach the debt limit on Jan. 19 at which point the Treasury Department will begin using extraordinary measures.

A GOP showdown over the debt limit could grip Congress and the nation next year

BY: - October 28, 2022

Government shutdowns, so far kept separate from debt limit battles, are hugely problematic for the federal government.

COMMENTARY

The nation’s debt limit serves no purpose. It should be eliminated | Bruce Ledewitz

BY: - September 27, 2022

Invoking the debt limit keeps the government from paying bills we already owe.

COMMENTARY

The Top 3 ways the debt ceiling debate hits home in Pa. | Thursday Morning Coffee

BY: - October 7, 2021

The debate isn't academic. A failure to reach a deal would have hit Keystone Staters right in their wallets