Republicans and Democrats disagree over how recent bank closures should impact the debt limit stalemate, and have taken divergent lessons from past economic crises.
Tag: Federal Budget (US)
-
Biden Warns That Climate Change Could Upend Federal Spending Programs
A chapter in the new Economic Report of the President focuses on the growing risks to people and businesses from rising temperatures, and the government’s role in adapting to them.
-
Biden and McCarthy Are on a Collision Course in a Divided Government
The president and House speaker need each other to govern, but a messaging battle has replaced functional legislating as the two spar over the budget and federal debt limit.
-
French Protesters Rally in Last Angry Push Before Pension Bill Vote
Many believe the legislation to raise the retirement age to 64 from 62 will pass Parliament, and they are looking beyond the vote to fight on.
-
Biden to Announce Nuclear-Powered Submarine Deal with Australia and Britain
The arrangement is part of a broader effort to counter China’s military development and assertive territorial claims across Asia.