Sometime this summer, federal borrowing will bump up against its legal limit unless Congress can agree to raise or suspend the “debt ceiling.” With Republican fanatics already planning to use the ...
I would like to agree with Larry Haas about the way Sen. Mitch McConnell’s inventive deal to raise the debt limit would work, but I cannot shake a nagging doubt. As former House majority leader Dick ...
The U.S. could breach the debt ceiling at some point in 2027. Fixing it could be hard. If Democrats capture one or both chambers of Congress in November's midterm election, it would open the door to a ...
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On August 3, 2026, the U.S. Senate voted unanimously to pass S. 3977, the Bankruptcy Threshold Adjustment Act of 2026. The bill has had bipartisan support since it was introduced in March 2026. The ...
Top leaders in both parties reached a long-sought deal on Saturday to avoid an unprecedented government default, announcing an agreement on a plan to lift the debt ceiling for two years and apply new ...
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