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Biden, McCarthy say they have brokered a debt limit deal to avert U.S. default
WASHINGTON — House Speaker Kevin McCarthy announced a deal in principle Saturday night that would stave off a first-ever default on the nation’s debt as long as it can clear both chambers of Congress before June 5. The agreement would address the nation’s debt limit and include a “historic” reduction in spending, McCarthy said, though […]
Treasury secretary pinpoints June 5 as earliest date for U.S. debt default
WASHINGTON — Republicans in Congress and the Biden administration have until at least June 5 to broker and enact a debt limit bill under new estimates from the Treasury Department, giving negotiators a few more days before the country would default. “Based on the most recent available data, we now estimate that Treasury will have […]
With debt default as soon as a week away, U.S. House jets off for holiday break
WASHINGTON — U.S. House members walked down the steps of the Capitol building Thursday to head back to their districts for a Memorial Day recess that began exactly one week before the country could default on the debt. House Democrats took to the floor after the final vote of the week to give a series […]
After years of bipartisan spending boosts, U.S. House GOP won’t lift debt ceiling without cuts
WASHINGTON — Republicans and Democrats in Congress together brokered dozens of debt limit agreements, including several during the past decade, marked by a desire in both political parties to increase federal spending. But U.S. House Republicans now are pushing for the federal government to spend less next year than it will this year in order […]
Biden and McCarthy strike positive tone after debt limit talks, but no deal yet
WASHINGTON — President Joe Biden and Speaker Kevin McCarthy left their closely watched meeting Monday without an agreement on government spending or the debt limit, prolonging a stalemate that could soon disrupt Americans’ everyday lives as well as the global economy. Both struck a positive tone Monday, though neither divulged details about what remains unresolved […]
Biden says he’s offered $1 trillion in spending cuts but GOP won’t budge on debt limit
WASHINGTON — President Joe Biden said Sunday his administration has offered $1 trillion in spending cuts as part of the ongoing talks with Republicans around a budget agreement, but he said no deal has yet been reached. Biden, speaking from Japan during a press conference following the G7 summit, said his administration wants House Speaker […]
A default on the U.S. debt would be far worse than a government shutdown. Here’s how.
WASHINGTON — A U.S. default on its debt would have a significantly broader impact on federal operations, financial markets and the global economy than recent government shutdowns that have left ordinary Americans largely untouched. While the two have been confused frequently during debate over the debt limit, the federal government has had considerable practice with […]
Lawmakers debate violence against abortion clinics, anti-abortion pregnancy centers
WASHINGTON — Republicans at a U.S. House hearing aired frustration with the Department of Justice this week for what they contended is a lack of enforcement of a Clinton-era law that protects access to reproductive health care at anti-abortion pregnancy centers and abortion clinics. GOP lawmakers on the House Judiciary Committee expressed anger the Federal […]
Three-judge panel in U.S. appeals court hears arguments in abortion pill case
NEW ORLEANS — A federal appeals court panel quizzed lawyers during oral arguments Wednesday over a Texas judge’s decision that could end access to the abortion pill nationwide. Observers see the 5th Circuit Court of Appeals as a legal way station for the case, in which anti-abortion groups sued the U.S. Food and Drug Administration, […]
Some movement reported in debt limit talks as Biden cuts short overseas trip
WASHINGTON — President Joe Biden and congressional leaders struggled to find common ground on the debt ceiling during a Tuesday meeting, though lawmakers said afterward there was some progress toward a deal. Biden and U.S. House Speaker Kevin McCarthy will become the two primary negotiators on a bipartisan debt limit bill that could include other […]
Arguments on landmark abortion pill case to be heard Wednesday in appeals court
WASHINGTON — The lawsuit over access to the abortion pill goes before the 5th Circuit Court of Appeals in New Orleans on Wednesday, the next step on a path that will likely end at the U.S. Supreme Court. The three-judge panel will decide whether to keep, overturn, or alter a ruling from U.S. District Court […]
U.S. risks debt default in early June, congressional budget office agrees
WASHINGTON — The federal government could default on its debt during the first two weeks of June without action on bipartisan legislation, according to the Congressional Budget Office. The nonpartisan budget scorekeeper issued an updated report Friday, warning that “if the debt limit remains unchanged, there is a significant risk that at some point in […]