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Articles in topic Debt Limit
Debt Deal Behind Them, Lawmakers Plunge Into Bitter Spending Fight
House Republicans are pushing to pass measures with spending levels below those agreed to in the debt limit compromise, infuriating Democrats and raising the prospect of a shutdown this fall.
[ nytimes.com ] United States Politics and Government,U.S. Support for Ukraine Aid Starts to Fray After Debt Limit Deal
Spending caps set by the debt limit bill have empowered critics of U.S. aid to Ukraine, threatening the bipartisan coalition that has kept military assistance flowing to Kyiv.
[ nytimes.com ] Senate,A $1 Trillion Borrowing Binge Looms After Debt Limit Standoff
The government has avoided default, but the effects of the debt-ceiling brinkmanship may still ripple across the economy.
[ nytimes.com ] Banking and Financial Institutions,Biden Notches Win on Debt Ceiling Deal, but Lets Others Boast
President Biden brokered a debt limit deal by following instincts developed through long, hard and sometimes painful experience in Washington.
[ nytimes.com ] United States Politics and Government,Can McCarthy Pass the Debt Limit Deal and Keep His Job?
The House speaker attempted to strike a careful balance: he could lose conservatives’ votes but could not afford to reach a deal that so infuriated the far right that they would move to oust him.
[ nytimes.com ] National Debt (US),Here’s What’s in the Debt Limit Deal
Two years of spending caps, additional work requirements for food stamps and cuts to I.R.S. funding are among the components in the deal.
[ nytimes.com ] United States Politics and Government,Yellen’s Debt Limit Warnings Went Unheeded, Leaving Her to Face Fallout
The Treasury secretary, who considered ways to contain the fallout of a default when she was a Fed official in 2011, had urged Democrats to raise the limit while they still had control of Congress.
[ nytimes.com ] Yellen, Janet L,Debt Limit Negotiators Debate Spending Caps to Break Standoff
The strategy, which was used in 2011, could allow both sides to save face but would most likely do little to chip away at the national debt.
[ nytimes.com ] United States Politics and Government,Debt Limit Talks Resume After Republicans Briefly Hit Pause
Republicans returned to the negotiating table on Friday hours after walking out, saying the White House was refusing to move their way on spending cuts.
[ nytimes.com ] National Debt (US),Liberals Balk at G.O.P. Push for Stricter Work Requirements in Debt Limit Talks
A G.O.P. demand to impose stricter work requirements on recipients of food stamps and other public benefits has drawn a Democratic backlash, underscoring the tricky politics at play in the negotiations.
[ nytimes.com ] United States Politics and Government,House Democrats Move Forward With Petition to Force Debt Limit Vote
The initiation of a discharge petition is seen as a last resort for averting default if negotiations over raising the debt ceiling collapse, and a way to pressure Republicans to strike a deal.
[ nytimes.com ] United States Politics and Government,For Biden, Debt Limit Crisis Complicates Trip to Asia
Volatility has become the new norm in Washington as the president heads to Japan, where he will reassure world leaders that the debt ceiling showdown will not upend the global economy.
[ nytimes.com ] National Debt (US),How to Use the Debt Ceiling to Inflict Cruelty on the Poor
Republicans have singled out low-income Americans, yet again, as a prime target in this year’s scheme over the debt limit.
[ nytimes.com ] United States Politics and Government,Biden Expresses Optimism on Debt Limit, but a Deal Remains Elusive
President Biden and congressional leaders will resume face-to-face talks on Tuesday to raise the debt limit and avoid a default.
[ nytimes.com ] United States Politics and Government,The Case for Violating the Debt Limit Is Dangerous Nonsense
The president does not have the authority to exceed the limit, regardless of what his advisers are telling him.
[ nytimes.com ] United States Politics and Government,Representative Garret Graves Sees Hope in Debt Limit Talks
The Louisiana congressman, who acts as a consigliere to Speaker Kevin McCarthy, says four areas of potential compromise have emerged.
[ nytimes.com ] United States Politics and Government,Vulnerable Republicans Caught in the Middle in Debt Limit Fight
House G.O.P. lawmakers in competitive seats who could be crucial to averting a catastrophic default are being fawned over by Democrats one minute and pummeled the next.
[ nytimes.com ] United States Politics and Government,Meeting Between Biden and Republicans Delayed as Sides Pursue Debt Limit Deal
The decision to delay Friday’s expected meeting to next week was cast as a positive development, one that could allow officials to find agreement before the United States defaults on its debt.
[ nytimes.com ] United States Politics and Government,Biden Woos Republican Moderates in Debt Ceiling Standoff
A day after an unproductive meeting on the debt limit with Speaker McCarthy, the president assailed “extreme” Republicans who he said had “taken control of the House.”
[ nytimes.com ] United States Politics and Government,The Debt Limit Workarounds: The Coin, the Constitution, Premium Bonds
As Congress hurtles toward a debt limit showdown, ways to work around it are garnering attention.
[ nytimes.com ] Federal Budget (US),