Washington’s perilous debt ceiling impasse
Congress must agree to raise the limit — and then ditch it for a saner measure
| Date: | Jan. 25, 2023 1:13 PM ET |
| Link: | Read more at Financial Times |
| Source: | World - ft.com |
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As Debt Ceiling Threat Looms, Wall Street and Washington Have Only Rough Plans
A default would most likely rattle markets and carry big risks, no matter how the Federal Reserve and Treasury try to curb the fallout.
Jan. 17, 2023 - NYT > Top Stories - Top stories -
Medill News Service: Debt-limit standoff: Here are the Washington players you need to know about
The debate over raising the U.S. debt limit features a cast of characters both widely and lesser known to investors and everyday Americans.
Jan. 26, 2023 - MarketWatch.com - Top Stories - Business -
Washington Watch: Yellen says U.S. will hit debt ceiling Thursday. Analysts warn of ‘significant market pain’ while Congress deals with limit.
Treasury Secretary Janet Yellen warned lawmakers that the U.S. is expected to hit its ceiling for borrowing next week.
Jan. 14, 2023 - MarketWatch.com - Top Stories - Business -
The debt ceiling’s silver lining
What’s worse than the perennial and often brief Washington game of chicken over raising the debt ceiling with the constant threat of defaults compromising the “full faith and credit of the United States,” economists fretting, markets
22 hours ago - Just In | The Hill - Politics -
Debt ceiling debate: A gift to China’s grand strategy
The new Republican majority in the House of Representatives is sending very mixed signals on China. On the one hand it wants the American people to think it is taking action on the Chinese challenge to U.S. interests and global leadership.
Jan. 27, 2023 - Just In | The Hill - Politics - China -
Debt Ceiling Clash Revives Dispute Over Paying Bondholders First
Some House Republicans want Treasury to give priority to servicing debt if the U.S. hits its borrowing limit, but Janet Yellen says failing to meet any government obligations would cause chaos.
Jan. 27, 2023 - WSJ.com: US Business - Business -
Reps. Brian Fitzpatrick and Josh Gottheimer discuss debt ceiling and gun reform
Bipartisan Problem Solvers Caucus co-chairs Brian Fitzpatrick and Josh Gottheimer speak with CBS News congressional correspondent Scott MacFarlane about the debt ceiling and gun reform.
Jan. 26, 2023 - Home - CBSNews.com - Top stories -
Biden: I won't let GOP use debt ceiling as 'bargaining chip'
President Biden on Thursday called the prospect of the federal government defaulting on its debt “mind-boggling” but pushed back against Republican lawmakers seeking to leverage negotiations
Jan. 26, 2023 - Just In | The Hill - Politics - Joe Biden -
Veterans of the Obama-era debt ceiling standoff on the current one: We may be doomed
The last time the U.S. found itself on the verge of a debt ceiling disaster, David Kamin had a front row seat to all the action.
Jan. 26, 2023 - Congress - Politics -
Watch live: GOP senators hold briefing on debt ceiling
Republican Sens. Rand Paul (Ky.), Mike Braun (Ind.), Ron Johnson (Wis.), Mike Lee (Utah), and Rick Scott (Fla.) on Wednesday will host a press conference on the debt ceiling in the Senate Radio and TV Gallery. The U.S.
Jan. 25, 2023 - Just In | The Hill - Politics -
McConnell says any debt ceiling solution will come from McCarthy and Biden
Senate Minority Leader Mitch McConnell and then-Vice President Joe Biden negotiated on the debt ceiling in 2011.
Jan. 24, 2023 - Home - CBSNews.com - Top stories - Joe Biden -
Sen. Cornyn: Debt ceiling debate is between Biden and House GOPs, not Senate
Sen.
Jan. 24, 2023 - Congress - Politics - Joe Biden -
Yellen taps another trust fund to stay below debt ceiling
Treasury Secretary Janet Yellen on Tuesday said she would not invest fully in a third government employee trust fund to stay below the debt ceiling.
Jan. 24, 2023 - MarketWatch.com - Top Stories - Business -
Janet Yellen Takes Measures to Ease Debt-Ceiling Woes
The Treasury secretary said the department will stop fully investing in the Government Securities Investment Fund.
Jan. 24, 2023 - WSJ.com: US Business - Business -
Debt ceiling fight threatens to deepen divide between GOP and corporate America
Corporate America’s warnings of a financial catastrophe if Congress fails to raise the debt ceiling are falling on deaf ears among former GOP allies.
Jan. 24, 2023 - NBC News Politics - Politics -
Debt ceiling fight threatens to deepen divide between GOP and corporate America
Corporate America’s warnings of a financial catastrophe if Congress fails to raise the debt ceiling are falling on deaf ears among former GOP allies.
Jan. 24, 2023 - NBC News Top Stories - Top stories -
McConnell plans backseat role as McCarthy battles White House over debt ceiling
Senate GOP leader Mitch McConnell has engineered ways out of a devastating debt default in the past.
Jan. 23, 2023 - CNN.com - RSS Channel - HP Hero - Top stories - House -
The Constitution Has a 155-Year-Old Answer to the Debt Ceiling
Congress has to get serious about the 14th Amendment. So does President Biden.
Jan. 23, 2023 - NYT > Top Stories - Top stories -
Full Panel: ‘Debt ceiling is not a place to negotiate cuts,’ says Republican strategist
House Speaker Kevin McCarthy (R-Calif.) is calling for spending cuts to raise the debt ceiling, while the White House says cuts are not needed. Lisa Desjardins, Faiz Shakir and Rick Tyler join the Meet the Press NOW roundtable.
Jan. 23, 2023 - NBC News Politics - Politics -
Schumer calls on House GOP to unveil proposed spending cuts in debt ceiling negotiations
Senate Majority Leader Charles Schumer (D-N.Y.) called on House Republicans on Monday to lay out the spending cuts they're proposing as part of a deal to raise the debt ceiling and decried what
Jan. 23, 2023 - Just In | The Hill - Politics -
Warren: Republicans threatening to 'wreck' economy in debt ceiling battle to protect wealthy
Sen. Elizabeth Warren (D-Mass.) on Monday took a jab at Republicans in the ongoing debt ceiling fight, accusing the party of trying to “wreck the economy” to protect wealthy taxpayers.
Jan. 23, 2023 - Just In | The Hill - Politics -
Hypocrisy to the max on debt ceiling
So here we go again. Another dramatic, high-stakes debt ceiling debate is about to unfold. Not lost on the American people during these hypertension-inducing episodes is the stunning political hypocrisy revealed through debt ceiling kerfuffles.
Jan. 23, 2023 - CNN.com - RSS Channel - HP Hero - Top stories -
The Hill's Morning Report — Debt ceiling battle highlights 2023 uncertainty
Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below.
Jan. 23, 2023 - Just In | The Hill - Politics -
The Debt Ceiling Showdown, Explained
The United States government is engaged in a high-stakes political battle over paying its debts — again. How did we get here?
Jan. 23, 2023 - NYT > Top Stories - Top stories -
McConnell is a key player in approaching debt ceiling fight
Sen. Mitch McConnell (R-Ky.) is set to play a pivotal role in a debt ceiling fight expected to consume Washington in the coming weeks and months.
Jan. 23, 2023 - Just In | The Hill - Politics