Oct 06 McConnell offers Dems short-term debt fix amid standoff 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. Continue reading
Oct 06 WATCH: Manchin urges Senate leaders to ‘engage’ on debt 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. Continue reading
Oct 06 WATCH: Biden enlists CEOs to warn of default if federal debt limit is not raised 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. Continue reading
Sep 29 The 4 issues Democrats are trying to solve in Congress right now By Lisa Desjardins Let's break down the crises facing Congress. Continue reading
Sep 22 WATCH: McConnell refuses to help raise federal debt limit By Associated Press 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. Continue reading
Sep 17 White House warns states face deep cuts if Congress does not raise debt limit 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. Continue reading
Jul 29 U.S. Treasury projects it will borrow $433 billion this quarter 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. Continue reading
Nov 02 Obama signs 2-year budget, debt deal before default deadline 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… Continue reading
Oct 26 Everything you need to know about the federal debt limit 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. Continue reading
Mar 01 Dysfunction in Congress not limited to homeland security fight By Andrew Taylor, Associated Press Congress' dysfunction isn't limited to the struggle to keep a Cabinet department running without interruption. Continue reading