Budget Battles
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Republicans Want Strings Attached to California Disaster Aid
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Biden Goes Out With a Bang in the Jobs Market
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Trump Privately Pushes Senators for ‘One Big, Beautiful Bill’
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Trump Considers Declaring National Emergency for Tariff Rollout
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Trump Unloads: Grievances, Greenland and the Gulf of Mexico
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Republicans Divided Over How to Pass Trump’s Agenda
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Trump Pushes Johnson to Victory as Speaker
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Here’s What Happens If Congress Fails to Raise the Debt Ceiling
By Michael RaineyWhat happens if Congress fails to raise the debt limit? A new report from the Bipartisan Policy Center examines that question in detail, and the results aren’t pretty. Here are some highlights — or...
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Why Raising the Debt Ceiling Won’t Be a Problem This Year
By Rob GarverThe final wall of resistance to a “clean” increase of the federal debt ceiling, necessary to avoid a potentially catastrophic government default later this year, appears to have fallen, with White...
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Top GOP Conservative: We Won’t Play Around With the Debt Ceiling
By Rob GarverWhen it comes to the perennial fight to raise the federal debt ceiling, it’s usually best to assume that the struggle to give the Treasury Department clearance to actually pay the debts that the...
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Raise the Debt Ceiling Now, or Face Another Post-Summer Crisis: Meadows
By Eric PianinRep. Mark Meadows, R-NC, one of the most influential conservatives in the House, said Monday he favors quick action this summer to raise the debt ceiling, taking a stand on an issue that is...
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Here’s a Solution for the Annual Debt Ceiling Crisis: Get Rid of It
By Eric PianinWith another debt ceiling crisis looming that threatens a first-ever default by the Treasury and another government shutdown, there is a growing school of thought in the Senate that lawmakers should...
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The National Debt Is a Bigger Problem Than You Think
By Lawrence GoodmanThe U.S. debt situation is worse than commonly realized. Unaddressed, the surge in Treasury borrowing over the last 10 years represents an accident in the offing.
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Mulvaney’s Debt Ceiling Ploy Protects Treasurys, Not Social Security Checks
By Rob GarverThe Trump administration appears to be considering a plan to pay some government debts but not others if the debt ceiling isn’t raised on time. It’s a plan economists and financial markets experts...
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White House’s Debt Ceiling Battle Could Trigger a Shutdown — and a Recession
By Eric PianinAt a time when worldwide confidence in the U.S. has already been badly shaken by President Trump’s go-it-alone, “America First” approach to trade, NATO and climate change, a White House riven by...
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New Debt Ceiling Deadline Could Ruin Lawmakers' Summer Vacations
By Rob GarverThe federal debt limit, previously thought to be an issue that could be postponed to the fall, may need to be raised prior to the August recess, complicating the lives of top Republicans in Congress.
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The Great Risk Shift Is Back
By Mark ThomaThe vote in the House of Representatives to dismantle Obamacare was not the only attempt to undo key legislation from the Obama years that occurred last Thursday.
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Origins of a Debt Shutdown
By This article was reported by Lori Montgomery and PAUL KANE and Brady Dennis and ALEC MacGILLIS and David Fahrenthold and Rosalind Helderman and FELICIA SONMEZ and Dan Balz. It was written by Dennis and MacGillisIn mid-January, newly installed as the GOP House majority leader, Virginia’s Eric Cantor rose to the podium inside a spacious hotel ballroom to deliver a message to his troops, including the 87...
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The 4 Consequences of the S & P Downgrade
By Mark ThomaS&P’s decision to downgrade long-term U.S. debt for the first time in history had more to do with politics than economics. The debt service load is clearly manageable – we can pay it off if we...
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S&P Pushes for Big Cuts from New Debt Committee
By Jennifer Depaul and Eric Pianin, The Fiscal TimesOne of the most remarkable things about Standard & Poor’s announcement late Friday to downgrade the U.S. government’s AAA credit rating is the combative political tone of the document and the...
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Debt Crisis Blamed for U.S. Credit Rating Downgrade
By Yuval Rosenberg and Jennifer DepaulRatings firm Standard & Poor's downgraded the U.S.'s sterling credit rating on Friday for the first time in history, as it blasted the Washington political process and the inability of lawmakers...
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S&P Downgrades US Credit Rating from AAA
By Zachary A. Goldfarb, The Washington PostStandard & Poor’s announced Friday night that it has downgraded the sterling U.S. credit rating for the first time. The move came even though the Treasury Department said that it had found a math...