Trump throws debt limit into shutdown fight

December 19, 2024

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Welcome to The Hill's Business & Economics Newsletter

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House Republicans focus on Plan B stopgap with separate two-part debt limit pledge

House Republicans are eyeing an alternative government funding stopgap that excludes raising the debt ceiling, and are instead working on a pledge to raise the borrowing limit twice next year to appease President-elect Trump. People's sources told The Hill.

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Third quarter GDP rises, unemployment claims ease as US economy recovers

Third-quarter gross domestic product (GDP) was revised upwards on Thursday following significantly stronger forecasts for U.S. economic performance released by the Federal Reserve on Wednesday.

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of personal consumption expenditure (PCE) measurements for November are scheduled to be released Friday morning at 8:30 a.m. ET.

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FDA says counterfeits of Lilly's obesity drug must be removed from the market

WASHINGTON (AP) — Specialty pharmacies and online companies selling off-brand knockoffs…

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What you need to know

Business and economics news from other news outlets:

as TikTok Out of options, this billionaire has a plan to save it (bloomberg)
doge You can't do everything. Here's what you can do: (politiko)
online dating Things are about to change fundamentally (CNN)

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Current Top Stories on The Hill:

Live updates: Democrats slam pro-Trump spending bill ahead of House vote

House Republicans said they had agreed on a new spending plan after the first, a bipartisan effort, was rejected and flamed out by many lawmakers and President-elect Trump. read more

Democrats say 'absolutely no' to Republicans' Plan B on government funding and debt ceiling

House Democrats rallied overwhelmingly against a second assault on the government funding bill by Republicans, arguing that it would let the bill die on the House floor and force Republican leaders to return to the table to negotiate a bipartisan compromise. There is. read more