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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Back to news homeThe U.S. Hit Its Debt Limit. What Happens Next?
The United States hit a limit this week on how much money it can borrow, forcing the Treasury Department to initiate so-called extraordinary measures to make sure the nation has […]
U.S. Will Hit Debt Limit on Thursday, Yellen Tells Congress
WASHINGTON — Treasury Secretary Janet L. Yellen warned on Friday that she would have to begin employing “extraordinary measures” on Thursday to continue paying the nation’s bills if lawmakers did […]
Restaurateur, Political Donor, Tipster: The Many Roles of FTX’s Ryan Salame
In Western Massachusetts, Ryan Salame was known as a local boy turned hometown hero who struck gold as a top executive at FTX, the now-collapsed cryptocurrency exchange, and used some […]
What Are the Politics of Elon Musk? It’s Complicated.
On occasion, his remarks have raised concerns that he has planted himself firmly among right-wing conspiracy theorists. When he tweeted about the attack on Ms. Pelosi’s husband, he shared the […]
Democrats Spent $2 Trillion to Save the Economy. They Don’t Want to Talk About It.
Polls show voters liked direct payments from President Biden’s 2021 economic rescue bill. But they have become fodder for Republican inflation attacks. Read More
Climate Bill ‘Transformative’ for Auto and Energy Industries
“A big swath of middle-class Americans will be able to get this credit that otherwise would have been blocked out because of the credit limit,” said Joe Britton, executive director […]
Voters See a Bad Economy, Even if They’re Doing OK
The fastest inflation in four decades has Americans feeling dour about the economy, even as their own finances have, so far, held up relatively well.Just 10 percent of registered voters […]
White House Struggles to Talk About Inflation, the ‘Problem From Hell’
WASHINGTON — President Biden was at a private meeting discussing student debt forgiveness this year when, as happens uncomfortably often these days, the conversation came back to inflation.“He said with […]
Republicans Who Assailed Biden’s Stimulus Bill Are Embracing the Money
“It’s like the python that ate the rat,” Brad Whitehead, a nonresident senior fellow at the Brookings Metropolitan Policy Program, said of the struggle to shepherd so much federal money […]