debt ceiling

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Video Suggests Lauren Boebert's 'No-Show Protest' Wasn't Quite That

She is seen rushing up Capitol steps to vote on debt ceiling but getting locked out

(Newser) - When the House approved the debt-ceiling deal last week, Rep. Lauren Boebert was not present to cast her vote. Later, in a tweeted video, the conservative firebrand called it a "no-show protest" over legislation she called a "crap sandwich." A new video, however, suggests her absence wasn'...

Biden Makes Ask of Americans in First Oval Office Speech

'Lower the temperature,' the president implores after talking about 'crisis averted' on debt ceiling

(Newser) - President Biden gave his first speech to the public from the Oval Office on Friday evening, and it centered on the debt ceiling deal approved by the House and Senate this week that will keep the United States out of default. "Crisis averted," Biden declared of the agreement...

Senate Approves Debt Ceiling Bill
Senate Approves
Debt Ceiling Bill
Jun 1, 2023 10:31 PM CDT

Senate Approves Debt Ceiling Bill

Measure passes 63-36

(Newser) - Fending off a US default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send it to President Joe Biden's desk to become law before the fast-approaching deadline, the AP...

Parties Blame Each Other as House Debates Debt Bill
House Approves
Debt Ceiling Deal
UPDATED
May 31, 2023 8:38 PM CDT

House Approves Debt Ceiling Deal

Measure to avoid default now goes to the Senate, where it's expected to pass by week's end

(Newser) - It appears the US will not default on its debt for the first time in history. The House Wednesday night approved the deal worked out between House Speaker Kevin McCarthy and President Biden to raise the debt ceiling for two years, reports the AP . It now goes to the Senate,...

Did Biden 'Outfox' McCarthy? Vote Count May Tell the Tale

If House speaker needs lots of Democrats to raise debt ceiling, it doesn't bode well for him

(Newser) - The House votes Wednesday night on a deal to avoid a potentially calamitous default , and both Republicans and Democrats say the measure will pass. But a new DC drama has emerged about what the final vote tally will be—and the ramifications for House Speaker Kevin McCarthy in particular. Coverage:...

Debt Ceiling Bill Clears Big Hurdle
Debt Ceiling Bill
Clears Big Hurdle
May 31, 2023 12:02 AM CDT

Debt Ceiling Bill Clears Big Hurdle

Clears House Rules Committee vote to advance to House floor

(Newser) - The debt ceiling bill passed a key procedural hurdle Tuesday night when the House Rules Committee advanced it to the House floor in a 7-6 vote. As Fox News reports, it wasn't guaranteed to clear what the outlet calls a "critical" hurdle, as Republicans hold a 9-4 advantage...

Debt Deal: True Market Relief, or a 'Short-Lived Sugar High'?

As agreement on raising debt ceiling heads to Congress, varying thoughts on what comes next

(Newser) - An agreement has been reached , at least in principle, by President Biden and House Speaker Kevin McCarthy on raising the nation's debt limit, and now the final OK is in Congress' hands. Both progressive Democrats and ultra-conservatives are already pushing back on the deal , and if Biden and McCarthy...

Debt Deal Meets Resistance
Debt Deal Meets Resistance
May 29, 2023 12:00 AM CDT

Debt Deal Meets Resistance

Biden, McCarthy have only days to build congressional support

(Newser) - Now that President Biden and House Speaker Kevin McCarthy have reached an agreement on raising the nation's debt limit, they have only a few days to persuade members of Congress to vote for it. That will require assembling a coalition of Democrats and Republicans in both houses, the New ...

Biden, McCarthy Strike a Deal. Here's What's In It

Congress must still approve agreement to raise debt ceiling

(Newser) - President Biden and House Speaker Kevin McCarthy have reached an agreement in principle to increase the nation’s borrowing authority and avoid a default. Negotiators are now racing to finalize the bill’s text. McCarthy said the House will vote on the legislation on Wednesday, giving the Senate time to...

Yellen Pinpoints Debt Deadline
Yellen Revises
Debt Deadline
May 26, 2023 5:15 PM CDT

Yellen Revises Debt Deadline

Treasury secretary tells Congress government will be out of cash by June 5

(Newser) - Treasury Secretary Janet Yellen on Friday updated the date when she projects the federal government will run out of cash to pay its bills to June 5, unless the debt ceiling is raised or suspended by then. That's more specific than she's been; Yellen previously had said it...

Biden, McCarthy Say They're Close to Debt Deal

'We knew this would not be easy,' McCarthy says

(Newser) - Days from a deadline, President Biden and House Speaker Kevin McCarthy are narrowing in on a two-year budget deal aiming to curb federal deficits in exchange for lifting the nation's debt ceiling and staving off an economically devastating government default. The Democratic president and Republican speaker hope to strike...

Fitch Issues Warning on America's Credit Rating

Agency says move 'reflects increased partisanship' in debt limit talks

(Newser) - With a potential debt default now less than a week away, Fitch Ratings has put America's AAA credit rating on negative watch, meaning a downgrade is possible. Fitch made the same move during a previous debt-limit standoff a decade ago under then-President Obama's administration. The ratings agency said...

Biden, McCarthy Call Talks 'Productive' but Inconclusive

Treasury Department is among those getting more nervous about default

(Newser) - With the Treasury Department sounding more nervous about a default and their staffs making little progress, President Biden and House Speaker Kevin McCarthy returned to face-to-face talks for a day about raising the debt ceiling. Both pronounced their session at the White House productive when it ended Monday evening, the...

Biden Has Question About 14th Amendment

Yellen agrees there might be better ways to solve debt crisis

(Newser) - He probably has the authority to invoke the 14th Amendment to raise the debt ceiling without congressional approval, President Biden said Sunday, but he acknowledged that could lead to problems. "The question is, could it be done and invoked in time that it would not be appealed, and as...

Biden Tells World Leaders US Will Avoid Debt Default

He apologizes for skipping Australia visit

(Newser) - President Biden tried to reassure world leaders on Saturday that the United States would not default as he consulted with the heads of Australia, Japan, and India in a meeting of the so-called Quad partnership that had been hastily rescheduled because of the debt limit standoff back in Washington. Hoping...

Debt Ceiling Talks Hit an Impasse
Debt Ceiling Talks
Hit an Impasse
May 19, 2023 12:34 PM CDT

Debt Ceiling Talks Hit an Impasse

The snag is seen as a negotiating ploy, though the clock is ticking to reach a deal

(Newser) - On Thursday, House speaker Kevin McCarthy suggested high-stakes talks for a deal on the debt ceiling were going well . On Friday, a different tone: One of the Republican negotiators said talks were now on "pause" and accused the White House of "unreasonable" demands, reports the Hill . “We...

The Picture Being Painted by Key Debt-Ceiling Players

Words 'confident' and 'optimistic' are getting used, but there's a ways to go

(Newser) - As the clock ticks down to June 1, the president and congressional leaders continue to sound off about the likelihood of striking a deal on raising the debt ceiling. President Biden held a second Oval Office meeting with House and Senate leaders Kevin McCarthy, Hakeem Jeffries, Chuck Schumer, and Mitch...

Amid Debt Talks, Biden Curtails Foreign Trip

He's skipping Australia, Papua New Guinea

(Newser) - Debt-limit talks shifted into an encouraging new phase Tuesday as President Biden and House Speaker Kevin McCarthy named top emissaries to negotiate a deal to avert an unprecedented national default. The president said he's curtailing his upcoming trip to the Indo-Pacific, scrapping what was to be a historic stop...

Speaker McCarthy: Debt Deal Needed Soon to Avoid Default

But he didn't see 'new movement' in talks with Biden

(Newser) - President Biden and congressional leaders confronted each other on the debt limit impasse Tuesday, ending their meeting with no breakthrough but agreeing to meet again this week to try to avert the looming risk of an unprecedented government default. Speaking at the White House, Biden described the talks as "...

McConnell, McCarthy Align on Debt Ceiling

Senator says he told Biden to reach a deal with speaker

(Newser) - Senate Republican leader Mitch McConnell has worked with President Biden before to avoid debt limit catastrophe, but he's yielding to the gentleman from California this time. McConnell told Politico he's informed the president he'll have to negotiate a solution with House Speaker Kevin McCarthy. "In the...

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