By Lisa Mascaro, Associated Press
The Senate has gone into recess so lawmakers can discuss the proposal, delaying a procedural vote on a House-passed bill to suspend the debt cap.
By Associated Press
Sen. Joe Manchin, who had said in recent weeks that he's opposed to eliminating the filibuster told reporters, he has been "very, very clear" where he stands on the procedure. "Nothing changes," he said.
By Lisa Mascaro, Kevin Freking, Josh Boak, Associated Press
Biden hosted business leaders at the White House on Wednesday and is warning that failure to extend the government's borrowing authority could set off a global financial crisis.
By Lisa Desjardins
Let's break down the crises facing Congress.
At a press conference, Wednesday, McConnell said since Democrats control the White House and Congress, it's their problem to find the votes — though he had relied on bipartisan cooperation to approve debt limit measures when Republicans were in charge.
By Josh Boak, Associated Press
The debt limit is the amount of money Congress allows the Treasury to borrow. It was suspended three times during the Trump administration and has been lifted dozens of times since 1960.
By Martin Crutsinger, Associated Press
Market borrowing for this budget year is projected to total $1.27 trillion, a 6.5% increase from the 2018 budget year.
By Kathleen Hennessey, Associated Press
WASHINGTON -- President Barack Obama on Monday signed into law a bipartisan budget bill that avoids a catastrophic U.S. default and puts off the next round of fighting over federal spending and debt until after next year's presidential and congressional…
By Andrew Taylor, Associated Press
With one week to go, Congress must act fast and come up with a way to raise the federal borrowing limit or face an unprecedented government default.
Congress' dysfunction isn't limited to the struggle to keep a Cabinet department running without interruption.
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