CNN — Senate GOP leader Mitch McConnell has a history of finding ways out of a devastating debt default. It may be different this time – at least for now. In the face of the riskiest debt-ceiling standoff in a dozen years, Senate Republican leaders plan to take a backseat role and let the newly … Read more
CNN — Senate GOP leader Mitch McConnell has a history of finding ways out of a devastating debt default. It may be different this time – at least for now. In the face of the riskiest debt-ceiling standoff in a dozen years, Senate Republican leaders plan to take a backseat role and let the newly … Read more
Treasury Secretary Janet Yellen told Congress on Friday that the US will reach its legal debt limit next Thursday. After that, the Treasury Department will begin “to take certain exceptional measures to prevent the United States from defaulting on its commitments,” Yellen wrote in a letter to House Speaker Kevin McCarthy, R-Calif. While the Treasury … Read more
CNN — Lawmakers face a midnight Friday deadline when state funding runs out — and the House and Senate will likely have to pass a short-term extension to stave off a shutdown later in the week, which would give negotiators more time to try Get a more comprehensive year-round financing contract. The other major piece … Read more
CNN — The government funding standoff gripping Washington ahead of Friday’s shutdown deadline is one of the first indicators of the imminent shift in power dynamics that will plunge the capital back into a reigning Cold War between Republicans in Congress and a Democratic White House. An omnibus spending bill that would avert the federal … Read more