Similar Stories to A Debt Ceiling But No Political Floor on Bing News

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  • How Saboteurs Took Over the G.O.P.
    G.O.P. legislators created a series of funding crises under President Barack Obama, again in a (partly successful) attempt to extract policy concessions. Creating budget crises whenever a Democrat ...
    12/3/2021 - 9:14 am | View Link
  • The window to lift the debt limit is narrowing, an influential think tank warns.
    The United States could default as soon as Dec. 21 if Democrats and Republicans fail to extend the Treasury Department’s borrowing authority.
    12/2/2021 - 7:00 pm | View Link
  • DC Wrap: Baldwin says Republicans should raise the debt limit and stop playing political games
    Madison, says Republicans’ political games should not keep the country from paying its bills as Treasury Secretary Janet Yellen warns failure to raise the debt limit would “eviscerate” the country’s ...
    12/2/2021 - 12:00 am | View Link
  • McConnell leaves GOP in dark on debt ceiling
    Senate Minority Leader Mitch McConnell (R-Ky.) is keeping his debt ceiling strategy close to the vest as he negotiates with Majority Leader Charles Schumer (D-N.Y.) ahead of a mid-December cliff.
    12/1/2021 - 10:00 pm | View Link
  • It’s five to midnight, again: US debt drama isn’t good for America, or the rest of us
    that would mean taking sole responsibility for the new debt ceiling and (b) there probably isn’t enough time left to do so. It is bemusing that purely political theatre could push the US to the ...
    12/1/2021 - 11:35 am | View Link
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  • Debt Ceiling: 5 Devastating Consequences If Congress Doesn ...
    The U.S. hit its debt ceiling on Aug. 1, 2021, after a suspension from 2019 expired. Since then, the Treasury Department has been deploying “extraordinary measures” to meet those obligations ...
    12/2/2021 - 8:49 pm | View Website
  • The U.S. Debt Ceiling: Everything You Need to Know
    Why is raising the debt limit so difficult? For many years, raising the debt ceiling was routine. But as the political environment has become more polarized, brinkmanship over the debt ceiling has ...
    12/2/2021 - 7:37 pm | View Website
  • United States debt ceiling
    The debt ceiling has not historically been a political issue that would make the elected government fail to pass a yearly budget. Reports to Congress (from the OMB and other sources) in the 1990s have repeatedly stated that the debt limit is an ineffective means to restrain the growth of debt.
    12/2/2021 - 9:50 am | View Website
  • How the Debt Ceiling Came to Be a Political Cudgel
    The debt ceiling, also called the debt limit, is a cap on the total amount of money that the federal government is authorized to borrow via U.S. Treasury bills and savings bonds to fulfill its ...
    12/2/2021 - 6:51 am | View Website
  • Biden says he can't guarantee debt ceiling lift due to ...
    President Joe Biden on Monday said he couldn't guarantee the debt ceiling would be raised in two weeks as he slammed Republicans for opposing efforts to keep the nation from being unable to pay ...
    12/2/2021 - 4:57 am | View Website
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