Category: National Debt

By Elizabeth Elkind President Joe Biden told reporters on Tuesday that he was considering invoking a constitutional provision about the validity of U.S. debts in order to skirt House Republicans amid a tense…

By Yuval Rosenberg As President Biden prepares to meet next week with House Speaker Kevin McCarthy and other congressional leaders to discuss raising the debt limit, The Washington Post’s Jeff…

By Bryan Jung White House chief of staff Jeff Zients said the Biden administration would not negotiate with GOP over its debt ceiling spending cut proposal. The administration is insisting…

By Lawrence Wilson House Speaker Kevin McCarthy (R-Calif.) on April 19 unveiled legislation to increase the nation’s debt ceiling by $1.5 trillion or until March 31, 2024, whichever comes first. At…

By Nicholas Ballasy House Speaker Kevin McCarthy is set to propose next week a 1-year debt limit extension tied to spending concessions from President Biden and the Democrats. According to a…

House Republicans will try to agree on a plan to lift the federal $31.4 trillion debt ceiling and cut government spending when Congress returns this week, after being stymied for…

by Joseph Lawler, Policy Editor The federal budget deficit soared to $1.1 trillion for the first half of fiscal 2023, the Congressional Budget Office estimated Monday, $430 billion more than in the same time frame…

Opinion by E.J. Antoni  Following the 2008 global financial crisis, the Federal Reserve created trillions of dollars to ease financial conditions and keep banks afloat. Many economists predicted record inflation would result.…

Story by Yuval Rosenberg House Republicans said Thursday that they are preparing a “term sheet” of conditions they want met by the President Joe Biden and congressional Democrats before they…

Story by Katherine Donlevy Ahead of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming out stories, as the…

Opinion by E.J. Antoni The president’s budget for fiscal year 2024 is less a display of prudent finance as it is reminiscent of a carnival shell game. If you don’t…

Story by Chad Pergram The most staggering thing about a recent report about the nation’s fiscal health wasn’t that lawmakers must lift the debt ceiling this summer or the nation…