The president has not wavered in his calls for Republicans to raise the nation’s borrowing limit without condition. Privately, his aides have discussed other paths.
Tag: McCarthy, Kevin (1965- )
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Debt Ceiling Standoff Is a New Headwind for the Fed
The central bank must consider how looming U.S. default could impact the economy as it makes a decision on raising interest rates.
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Markets Expect Fed to Raise Rates Despite Bank Turmoil
A ‘shock pause’ by the central bank would spook an already jittery market, one analyst said, even as shares in regional lenders fall.
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U.S. Could Run Out of Cash by June 1, Yellen Warns
Janet L. Yellen, the Treasury secretary, called on Congress to raise or suspend the debt limit so the United States could continue paying its bills.
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McCarthy Offers to Host Netanyahu in Washington After Biden Refuses
The House speaker, Kevin McCarthy, made the informal invitation during a visit to the Israeli Parliament, which came after President Biden had declined to invite the Israeli leader to Washington.