Biden must do something. There are no riskless options.
Tag: National Debt (US)
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Debt Ceiling Is First Big Test for Hakeem Jeffries, the Top House Democrat
Hakeem Jeffries, the New Yorker who succeeded Nancy Pelosi this year as the House’s top Democrat, is getting a trial by fire.
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Military Spending Emerges as Big Dispute in Debt-Limit Talks
President Biden has offered to freeze discretionary spending, including for defense. Republicans want to spend more for the military, and cut more elsewhere.
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Republicans Report Progress in Debt Limit Talks as Negotiations Continue
Negotiators reconvened on Thursday after working through the night to strike a deal, as hard-right Republicans and some Democrats expressed concerns about the shape of an emerging compromise.
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Fed Officials Were Split Over June Rate Pause, Minutes Show
In the Federal Reserve’s last meeting, “several” participants thought rates may have moved high enough to get inflation under control.