WASHINGTON — A vote by House Republicans last week to lift the nation’s debt limit in exchange for deep spending cuts was the first step in what is likely to […]
National Debt (US)
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Back to news homeThe 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 […]
Republican Votes Helped Washington Pile Up Debt
Biden administration officials blame Mr. Trump and former President George W. Bush for running up debt, particularly with tax cuts. They claim credit for a decline in the budget deficit […]
U.S. on Track to Add $19 Trillion in New Debt Over 10 Years
WASHINGTON — The United States is on track to add nearly $19 trillion to its national debt over the next decade, $3 trillion more than previously forecast, the result of […]
Wall St. Is Counting on a Debt Limit Trick That Could Entail Trouble
“This so-called prioritization scheme makes Republicans’ priorities pretty clear — crystal clear, if I may add,” Karine Jean-Pierre, the White House press secretary, said on Jan. 17. “They want to […]
How the U.S. Government Amassed $31 Trillion in Debt
WASHINGTON — America’s debt is now six times what it was at the start of the 21st century. It is the largest it has been, compared with the size of […]
The 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 […]
America Hit Its Debt Limit, Raising Economic Fears
WASHINGTON — The United States hit its debt limit on Thursday, prompting the Treasury Department to begin using a series of accounting maneuvers to ensure the federal government can keep […]
How Close Is the U.S. to Hitting the Debt Ceiling? How Bad Would That Be?
Washington is gearing up for another big fight over whether to raise or suspend the nation’s debt limit, with Treasury Secretary Janet L. Yellen warning last week that the United […]
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 […]