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Biden to Meet with Kevin McCarthy in Debt Ceiling Talks

President Biden is set to welcome Speaker Kevin McCarthy and other top congressional leaders to the White House on Tuesday for a pivotal round of discussions about the nation’s taxes, […]




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The Debt Ceiling Debate Is About More Than Debt

WASHINGTON — Speaker Kevin McCarthy of California has repeatedly said that he and his fellow House Republicans are refusing to raise the nation’s borrowing limit, and risking economic catastrophe, to […]




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Analysis Deems Biden’s Climate and Tax Bill Fiscally Responsible

After more than a year of trying — and failing — to pack much of President Biden’s domestic agenda into a single tax-and-spend bill, Democrats appear to have finally found […]




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U.S. Deficit Expected to Hit $3 Trillion in 2021, Budget Office Says

WASHINGTON — The U.S. economy is rebounding from the pandemic downturn faster than expected and is on track to regain all the jobs lost during the coronavirus by the middle […]




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Democrats Push to Borrow More Money as Deficit Is Set to Shrink Slightly in 2021

WASHINGTON — As top Democrats continued to push a $1.9 trillion economic aid package through the House, some lawmakers and aides to President Biden raised the prospect of borrowing even […]




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C.B.O. Report Says U.S. Economy Is Healing, But Workers Have A Ways to Go

WASHINGTON — The United States economy will return to its pre-pandemic size by the middle of this year, even if Congress does not approve any more federal money to aid […]