The last crisis, in 2011, led to a credit downgrade that sank stocks. This time, Treasury Secretary Janet Yellen has warned of a “financial catastrophe.”
Tag: Biden, Joseph R Jr
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China’s Foreign Minister Meets U.S. Envoy, Urges Washington to Reflect
The meeting was one of the highest-level engagements between American and Chinese officials since the downing of a suspected Chinese spy balloon in February.
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In Debt Limit Talks, Biden and Republicans Start Far Apart
As the president prepares to meet with Speaker Kevin McCarthy this week, his budget shares little common ground with spending and tax proposals from House Republicans.
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Why I Changed My Mind on the Debt Limit
Congress shouldn’t be able to invoke an arbitrary dollar limit to force the president to do its bidding.
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Migrant Child Labor Debate in Congress Becomes Mired in Immigration Fight
Revelations that migrant children have been exploited for cheap labor brought calls for action, but a partisan battle over immigration policy has complicated lawmakers’ efforts.