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Analyzed News: debt ceiling



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Articles in topic debt ceiling

House to vote to extend debt ceiling through early December

The House of Representatives is expected to vote Tuesday to extend the nation's debt limit through early December after the Senate approved a stopgap measure last week in a bid to avert a catastrophic default and economic disaster.

[ cnn.com ]

Trump tears into McConnell over debt ceiling deal with Democrats

Former President Donald Trump on Saturday eviscerated Senate Minority Leader Mitch McConnell for compromising with Senate Democrats on a temporary debt ceiling deal, his latest broadside against the top Republican in Washington as Trump continues to hint at a 2024 presidential run.

[ cnn.com ]

Should Schumer be blamed for the Manchin problem?

Progressives have been lambasting the Senate's top Democrat, Chuck Schumer, all over my social media feeds this week for failing to stand up to the Senate minority leader, Mitch McConnell. Those criticisms peaked this week as McConnell seemed to be calling the shots on the debt-limit impasse. Even though Schumer maneuvered to get what he wanted -- the Senate extended the debt ceiling (till December) -- there was no letup from the left.

[ cnn.com ]

Opinion: The debt limit is still a ticking time bomb

After weeks of partisan gridlock, Congress is on track to extend the debt ceiling, averting a potential default looming in less than two weeks. But the solution merely moves the new fiscal cliff to December, aligning the deadline with other imminent crises, like a potential government shutdown if a new funding bill is not enacted.

[ cnn.com ]

US dodges potential financial Armageddon for now

The Senate voted along party lines to raise the debt ceiling on Thursday, authorizing $480 billion in borrowing that avoids a looming US government default but sets up another showdown in early December.

[ cnn.com ]

Treasury secretary: 'It's flirting with a self-inflicted crisis'

Treasury Secretary Janet Yellen said Thursday that the debate over the US debt ceiling amounts to "flirting with a self-inflicted crisis" but that everyone "breathed a sigh of relief" after Democrats and Republicans reached a deal to avert economic disaster.

[ cnn.com ]

McConnell's shift on debt ceiling fight puts GOP in a bind

The debt ceiling deal proposed by Senate Minority Leader Mitch McConnell is putting his GOP conference in a bind, with some Republicans accusing the formidable Senate tactician of folding in his standoff with Democrats and others refusing to go along with his strategy.

[ cnn.com ]

Key GOP senators call out Mitch McConnell

Sen. Mitch McConnell (R-KY) is facing push back from members of his own party after he agreed to a deal with Democrats to extend the debt ceiling until December.

[ cnn.com ]

Schumer announces deal to extend debt ceiling through early December

Senate Majority Leader Chuck Schumer announced Thursday morning that a deal has been reached for an extension of the nation's debt ceiling through early December, a major breakthrough to avert economic disaster that comes after weeks of partisan deadlock over how to resolve the issue.

[ cnn.com ]

Opinion: Mitch McConnell blinked

Mitch McConnell blinked. As business leaders and officials warned of the grave harm a US default on debt could trigger, the Senate minority leader finally offered to provide Republican votes for a short-term suspension of the debt ceiling.

[ cnn.com ]

5 ways to save the economy and raise the debt ceiling

Everyone seems to agree the US debt ceiling should be raised to pay for tax cuts and spending the government has already approved -- and to avoid the economic calamity that would likely result from a US default.

[ cnn.com ]

Goldman Sachs warns of a 'real risk' that US could default

Concern is rising on Wall Street over Washington's debt ceiling game of chicken. Goldman Sachs warned clients on Wednesday that Congress may fail to raise or suspend the debt ceiling prior to the October 18 deadline.

[ cnn.com ]

Democrats explore new options to raise debt ceiling amid deepening standoff with GOP

Democratic senators are scrambling to find a way to avert a potential debt default as soon as next week amid a high-stakes standoff with Republicans -- and are privately discussing whether it's possible to change Senate rules so the borrowing limit can be raised by a simple majority vote, according to multiple sources at closed-door sessions.

[ cnn.com ]
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