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PublishedMay 30, 2023
Debt limit deal heads to vote in full House while McCarthy scrambles for Republican approval
The hard-fought measure is now headed to a House vote Wednesday.
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PublishedMay 28, 2023
Debt ceiling tests McCarthy as he rides breezily through high-wire act of his career
McCarthy laid down a marker in his first meeting with Biden back in February. The new Republican speaker refused to raise any taxes to help offset federal deficits.
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PublishedMay 28, 2023
Debt ceiling deal reached by Biden and Republicans now set to go to Congress
The compromise announced late Saturday risks angering both Democratic and Republican lawmakers as they begin to unpack the concessions.
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PublishedMay 27, 2023
Biden, McCarthy reach ‘agreement in principle’ to raise debt ceiling as default looms
With the outlines of a deal in place, the legislative package could be drafted and shared with lawmakers in time for votes early next week in the House and later in the Senate.
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PublishedMay 24, 2023
Impacts of federal debt default could spread through Maine’s workforce, economy
The state has a lot of federal workers, and a lot of retirees and veterans who collect benefits. The biggest worry, though, seems to be in the unknown. The U.S. has never defaulted on its debts.
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PublishedMay 24, 2023
McCarthy says debt ceiling standoff ‘not my fault,’ as White House warns of economic risks
Treasury Secretary Janet Yellen said Wednesday that 'it seems almost certain' that the United States would not make it past early June without defaulting.
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PublishedMay 24, 2023
Anxious retirees, social service groups among those making default contingency plans
Politicians in Washington may be offering assurance that the government will figure out a way to avert default, but around the country, economic anxiety is rising and some people already are adjusting their routines.
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PublishedMay 23, 2023
Debt ceiling talks grind on, but Republicans say there’s a ‘lack of urgency’ from White House
With time short to strike a deal, both sides are laboring to come up with a compromise that could be approved quickly by the Republican House and the Democratic Senate and be signed into law.
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PublishedMay 22, 2023
What it would mean for the global economy if the U.S. defaults on its debt
A default could shatter the $24 trillion market for Treasury debt, cause financial markets to freeze up and ignite an international crisis.
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PublishedMay 21, 2023
Biden, McCarthy to meet Monday for debt limit talks after ‘productive’ call
Biden previously said on Sunday that Republicans in the House must move off their 'extreme positions' on the now-stalled talks over raising America's debt limit.
Debt limit
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