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Jun 05 2023
Analysis
The Debt Ceiling Deal’s Energy Provisions, Explained
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 The
The Dispatch
May 31 2023
News
McCarthy's magic number on the debt ceiling deal
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 victory
Axios
Jun 01 2023
News
Senate heads toward debt ceiling vote
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
News
House passes bill to raise debt ceiling
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 their
The Hill
Jun 02 2023
Analysis
5 winners and 5 losers from the debt ceiling deal
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 overwhelming
Vox
May 29 2023
Analysis
The Democrats (mostly) won the debt ceiling fight
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-defense
Semafor
May 24 2023
News
Dealer’s Choice: The Debt Ceiling’s Tax Fallout
Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike examine the looming debt ceiling crisis and its likely effect on the IRS’s budget, all in five minutes. This transcript has been edited for length and clarity. Robert Goulder: You've heard the news by now: The federal government is just weeks away from hitting the debt ceiling. If the alarm bells aren't going off by now,
Forbes
May 22 2023
News
Yellen triples down on debt ceiling deadline
Treasury Secretary Janet Yellen warned on Monday that the U.S. government is "highly likely" to run out of money as early as June 1. Why it matters: The date leaves President Biden and House Speaker Kevin McCarthy less than 10 days to find an agreement — and the votes — for a compromise to cut spending and raise the debt ceiling. • As the debt ceiling X-date approaches, Treasury is monitoring
Axios
May 31 2023
News
A Debt-Ceiling Deal to Rival the Succession Finale
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 30 2023
News
Republican unity on debt ceiling crumbling fast
Even in January, as they showed their strength by forcing McCarthy to go through 15 votes before becoming speaker, the far-right Republicans never managed to coalesce around an alternative candidate for speaker, with none of the people who could potentially have gotten the needed support—like Majority Leader Steve Scalise—willing to challenge McCarthy or having any interest in the job. That
Daily Kos