President Biden and congressional leaders will resume face-to-face talks on Tuesday to raise the debt limit and avoid default.
Tag: National Debt (US)
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The Case for Violating the Debt Limit Is Dangerous Nonsense
The president does not have the authority to exceed the limit, regardless of what his advisers are telling him.
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Representative Garret Graves Sees Hope in Debt Limit Talks
The Louisiana congressman, who acts as a consigliere to Speaker Kevin McCarthy, says four areas of potential compromise have emerged.
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U.S. Faces ‘Significant Risk’ of Running Out of Cash in June, C.B.O. Warns
A default would cause financial distress, economic disruptions and rapid increases in borrowing rates, the nonpartisan Congressional Budget Office said.