The Treasury secretary said the Biden administration would face “very tough choices” if Congress did not act.
Tag: Federal Budget (US)
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The Civil War’s Lessons for Avoiding Default
President Lincoln and Republicans in Congress recognized that preserving America’s credit was the key to financing the Civil War, and therefore to the government’s survival.
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These Are ‘Productive’ Negotiations on Debt Ceiling in Washington
A debt crisis could be only a week away — practically an eternity in a town governed by the threat of catastrophic deadlines.
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What Do ‘Productive’ Debt Ceiling Negotiations Look Like in Washington?
A debt crisis could be only a week away — practically an eternity in a town governed by the threat of catastrophic deadlines.
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McCarthy Faces Balancing Act on Debt Ceiling Deal
With right-wing Republicans all but certain to oppose any bipartisan compromise, the speaker has a narrow path to push one through the closely divided House.