Lawmakers agreed to a short-term increase of the U.S. debt ceiling to avoid a first-ever default, but everyday Americans are not entirely out of the woods. A debt limit extension into December took pressure off both parties to reach a
Tag: Ceiling
McConnell Warns Biden He Won’t Help Raise the Debt Ceiling Next Time
WASHINGTON — A day after dropping his party’s blockade and allowing action to temporarily increase the federal debt ceiling, Senator Mitch McConnell, the Republican leader, warned President Biden on Friday that he had no intention of doing so again, reviving
Debt Ceiling Fight Gives Democrats Ammunition Against Filibuster
WASHINGTON — Leading Senate Democrats increasingly see the Republican blockade against raising the federal debt limit as clear justification for changing the chamber’s filibuster rule, a long-shot effort that so far has lacked the unanimous support within their ranks it
House Democrats pass debt ceiling increase that won’t get through Senate
House Democrats passed standalone legislation to raise the debt ceiling on Wednesday in a 219-212 vote, which is expected to be blocked by GOP lawmakers in the Senate in coming days. Its largely symbolic passage comes two days after GOP
How the Debt Ceiling Came to Be a Political Cudgel
The Democrats’ latest attempt to draw in the Republicans came Monday, when the Senate took up a bill to continue funding the government — an absolute necessity by Sept. 30 — with a temporary increase in the debt ceiling, along