Key dates to watch as Congress negotiates over raising the U.S. government’s debt limit: — THURSDAY: This is when Treasury Secretary Jacob Lew says the government would no longer be able to borrow. As ...
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US could default on debt as soon as July: Analysis
(The Hill) – The federal government could default on its debt as soon as July, a new forecast from the Bipartisan Policy Center warns, raising pressure on Congress for action. The prominent think tank ...
Senate Republicans are backing a budget package that would raise the debt ceiling by $5 trillion, the largest increase in U.S. history, raising questions about its economic impact. The proposal is ...
A new projection of Washington's looming "X date," when the US government will be unable to pay its bills because of the debt ceiling cap, finds that the deadline is likely to fall between Aug. 15 and ...
For someone who hates debt, Rep. Tim Burchett made a remarkable acknowledgment after voting this month for a massive bill that included a $5 trillion hike to the nation’s credit card limit. “I feel ...
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