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Apr 20 2023
President Joe Biden’s administration and its Republican opponents in the House of Representatives are stuck in another debt-ceiling impasse. To avoid the calamity of an outright default, this reckless ritual usually demands a last-minute deal or capitulation. This time, taking such a benign outcome for granted might be a mistake — and the buck will stop with the president, whether heBloomberg
Jun 01 2023
President Biden taking questions at the White House on Memorial Day after a debt-ceiling deal had been reached with Republican leaders in principle over the weekend. At the center of the compromise legislation is a two-year suspension of the debt ceiling, which would allow the government to continue borrowing money so that it can pay its bills on time. In exchange for that suspension,New York Times (News)
Jun 05 2023
Last week’s debt ceiling deal let the U.S. avert an economic crisis. But it also modestly reformed federal permitting laws with an eye toward making it easier for private and public actors alike to build and deploy energy infrastructure.
“What you see is just the lowest-hanging fruit; it’s the least controversial stuff,” Alec Stapp, co-CEO of the Institute for Progress, tells TheThe Dispatch
Jun 02 2023
The debt ceiling battle of 2023 was full of sound and fury, and signified ... well, not nothing, exactly, but not very much.
Despite heated rhetoric over hostage-taking and talk of default, President Joe Biden and House Speaker Kevin McCarthy arrived at a relatively normal budget deal reached with the help of an imminent deadline.
The deal passed the House in an overwhelmingVox
Jun 01 2023
STUMBLING TO THE FINISH LINE — With all eyes on the Senate, more signals are emerging that the debt ceiling bill will garner significant Democratic support. The likes of Sens. TINA SMITH (D-Minn.), who led a drive urging President JOE BIDEN to invoke the 14th Amendment, and Majority Whip DICK DURBIN (D-Ill.), said today they’ll vote yes. There’s “a sense of inevitability in the Senate,”Politico
May 31 2023
The House on Wednesday night passed a bipartisan bill to suspend the debt ceiling, overcoming vocal opposition from conservative and liberal lawmakers and bringing the country one step closer to avoiding an economy-rattling default ahead of next week’s deadline. The legislation — which was crafted through negotiations between President Biden, Speaker Kevin McCarthy (R-Calif.) and theirThe Hill
May 31 2023
House Speaker Kevin McCarthy (R-Calif.) talks to reporters at the U.S. Capitol after talking on the debt ceiling on May 17. Photo: Win McNamee/Getty Images House leaders are confident that the chamber today will approve the debt ceiling deal between President Biden and Speaker Kevin McCarthy (R-Calif.) — and move toward avoiding a disastrous government default. Why it matters: Not all victoryAxios
Sep 20 2017
We are now in a familiar debate in Washington about whether taxpayers should give Congress an unlimited budget with the national credit card. The big spenders in both parties have joined forces with the bondholders on Wall Street to argue for the abolition of the federal debt ceiling.CBN
May 31 2023
Africa is quickly becoming one of the business world's most supercharged areas, with a burgeoning startup scene, expansive infrastructure projects, and capital pouring in from across the world. In this series, Quicktake Originals takes an in-depth look at the domestic and international projects that are shaping modern Africa, and their implications for the global economy.Bloomberg
May 29 2023
President Biden and House Speaker Kevin McCarthy announced Saturday night that they had reached a deal to raise the debt ceiling and avert a catastrophic federal default with a bit over a week to go before the deadline.
Afterwards, a quick consensus formed among much of the right and left: Republicans got blanked.
The agreement would temporarily freeze a portion of non-defenseSemafor