US national debt exceeds $32 trillion for first time
The US national debt topped $32 trillion for the first time ever this week, according to Treasury Department data released on Friday. The debt milestone comes two weeks after President … Read More
Tag: debt ceiling
Biden says US dodged ‘economic collapse’ in first Oval Office speech since deal reached to raise debt ceiling
WASHINGTON — President Biden used his first Oval Office address to the nation Friday evening to celebrate the passage of legislation raising the federal debt ceiling until January 2025 — … Read More
Senate passes bipartisan bill to raise debt ceiling and cap future spending
The Senate on Thursday voted to pass the bipartisan measure to raise the nation’s borrowing limit and cap future spending, sending the legislation to President Biden’s desk with just days … Read More
Sen. Roger Marshall moves to add border security to debt ceiling bill
WASHINGTON – A House-passed border security act will be pitched as one of several Senate amendments to the debt ceiling legislation meant to prevent the US from going into default … Read More
House Rules Committee narrowly advances bill to raise debt ceiling
The House Rules Committee narrowly advanced a bipartisan bill Tuesday to raise the federal debt ceiling to $31.4 trillion, despite Republican opposition. The GOP-controlled committee voted 7-6 to move the … Read More
Despite debt deal, US ‘careening toward bankruptcy’: DeSantis
WASHINGTON – Florida Gov. Ron DeSantis on Monday gave the ugly truth about the pending vote to prevent the US from going into default next week: either way, the federal … Read More
Rep. Rosendale to vote against $4 trillion debt ceiling deal
Republican Rep. Matt Rosendale said Sunday that he would vote against the deal to raise the nation’s debt ceiling, calling it an “insult” to Americans. With days to spare before … Read More
House Republicans threaten to vote against McCarthy’s ‘unacceptable’ debt-ceiling deal with Biden
Many congressional Republicans have slammed the tentative debt ceiling deal House Speaker Kevin McCarthy reached with President Biden — saying they will vote “no” on the measure despite fears of … Read More
Kevin McCarthy defends debt ceiling deal as ‘step in right direction’
House Speaker Kevin McCarthy defended his debt ceiling deal with President Biden on Sunday, claiming it has 95% of Republicans’ support and is a “step in the right direction.” While … Read More
President Biden, House Speaker Kevin McCarthy strike tentative debt ceiling deal
President Biden and House Speaker Kevin McCarthy have struck a tentative deal to raise the debt ceiling on Saturday night, officials said, leaving only congressional approval to avoid a catastrophic … Read More
