A long-shot Democratic effort to force a debt-limit increase to the floor hinges on at least five G.O.P. defections. These House Republicans are considered the likeliest.
Tag: National Debt (US)
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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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Why the 14th Amendment Is Being Cited in the Debt Ceiling Debate
Some Biden administration officials believe a constitutional clause prevents the United States from failing to make payments even if it means breaching the debt limit.
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House Democrats Move to Force a Debt-Limit Increase as Default Date Looms
House Democratic leaders who have been quietly planning a strategy to force a debt ceiling increase to avert default began taking steps on Tuesday to deploy their secret weapon.