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U.S. Senate sends Biden debt limit legislation ahead of Monday default deadline
WASHINGTON – The bipartisan debt limit bill is on its way to President Joe Biden after the U.S. Senate voted Thursday to clear the measure for his signature. The 63-36 vote followed several amendment votes, all of which were rejected. Biden is expected to quickly sign the package, preventing a default on the debt that […]
U.S. House approves debt limit package, sending it to Senate days before default deadline
WASHINGTON – The U.S. House took a broadly bipartisan vote Wednesday night on the debt limit package, sending it to the U.S. Senate where lawmakers are expected to vote quickly to clear the measure. The bill would suspend the nation’s borrowing limit through Jan. 1, 2025 and set caps on discretionary spending for two years. […]
Debt limit deal hits turbulence in Congress as leaders prep for vote
WASHINGTON – Congress began moving the bipartisan debt limit package forward Tuesday, though frustrations with provisions in the bill could make for narrow passage in the U.S. House and U.S. Senate. Conservative Republicans and progressive Democrats both aired their disappointment with the agreement forged over the weekend, but only GOP lawmakers are looking to possibly […]
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 […]
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 […]
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 […]
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, […]
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 […]
Biden and congressional leaders fail to reach a debt limit deal, but will meet again Friday
WASHINGTON – President Joe Biden and top congressional leaders were unable to reach a bipartisan debt limit agreement during a closed-door meeting Tuesday, leaving the dispute unresolved as the country moves closer to a default predicted as soon as early June. White House staff and aides to the four congressional leaders, however, will meet throughout […]
Bipartisan group projects U.S. default as soon as early June, citing ‘quite low’ cash flows
WASHINGTON — The U.S. government could default as soon as next month if Congress and the Biden administration can’t reach a debt limit agreement before then, according to a new analysis from the Bipartisan Policy Center. The updated guidance, which puts the default window between early June and early August, adds pressure to President Joe […]
U.S. Supreme Court preserves access to abortion pill as lawsuit continues
This story was updated on April 21 at 7:38 p.m. WASHINGTON – The abortion pill will remain available throughout the United States while a lawsuit over its approval and use works through the appeals process, the U.S. Supreme Court said Friday. The court issued a stay that ensures access to mifepristone nationwide, reversing lower court […]