Federal Reserve Chair Jerome Powell noted on Wednesday that markets are "orderly" and "functioning," insisting that the ongoing volatility linked to United States President Donald Trump's tariff policy is expected in such circumstances.Still, the present uncertainty, if it persists, could make investing...
The White House is considering using this summer's debt ceiling deadline as leverage to push a major legislative package through Congress, Axios reported, citing officials familiar with the discussions.The administration sees the so-called X-date, when the government could default on its $36.1...
According to a Congressional Budget Office (CBO) statement on Wednesday, the United States government faces a potential default on its $36.6 trillion debt by August if lawmakers fail to increase the debt limit.This projection matches the Bipartisan Policy Center's assessment, which indicated a default...
US President Donald Trump is urging Senate Republicans to include a debt ceiling increase in his proposed tax and domestic policy overhaul, Senate Majority Whip John Barrasso said Tuesday.
The issue is expected to resurface during a later-in-the-day White House meeting with top GOP leaders and...
United States House Speaker Mike Johnson shared on Monday that there has been "some discussion" about potentially tying the aid for California wildfires to a debt limit increase.When asked by journalists whether he would be willing to send aid to California without conditions, he stressed that a...
United States President-elect Donald Trump blamed the Democrats for the unfolding debt ceiling crisis and said they should be "forced to take a vote on this treacherous issue" during the Biden administration instead of June next year."It was Biden's problem, not ours. Now it becomes ours. I call it '1929'...
United States President-elect Donald Trump was "disappointed" that lawmakers agreed on a government spending bill without a clause about suspending the debt ceiling, CNN reported on Saturday. A Republican source said Trump seemed "frustrated yet resigned" to the situation.The source...
House Minority Leader Hakeem Jeffries is considering endorsing the elimination of the debt ceiling, Axios reported. According to people familiar with the matter, the high-ranking Democrat said his party "may engage" with President-elect Donald Trump's demand to scrap the debt limit.Trump said on...
United States President-elect Donald Trump has called on Congress to either "get rid of" the "ridiculous debt ceiling" or extend it until 2029 as a necessary step toward securing a government spending agreement."Without this, we should never make a deal. Remember, the pressure is on...
United States President-elect Donald Trump told NBC News during a phone interview on Thursday that Congress should eliminate the debt ceiling.
Trump asserted that completely removing the debt ceiling would be the "smartest thing [Congress] could do. I would support that entirely." ....
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