US may hit new debt limit by mid-January, Treasury Secretary Janet Yellen warns Congress
Treasury Secretary Janet Yellen warned Congress on Friday that “extraordinary measures” will be needed to prevent the U.S. from defaulting on its debt if the debt ceiling is not raised or suspended by mid-January. In a letter to House and Senate leaders, Yellen said the national debt ceiling – the amount the federal government is […]
Janet Yellen issues warning to Congress as US nears debt limit | US politics
In a letter sent to Congressional leaders Friday afternoon, Treasury Secretary Janet Yellen called the “extraordinary measures” aimed at preventing the debt ceiling from being hit as early as Jan. 14. , that is, it is necessary to initiate special accounting measures. . “Treasury expects to reach the statutory debt ceiling between January 14 and […]
Malik Nabers believes sky is limit for this Giants rookie class
Malik Nabors said with a smile about fellow rookie Tyrone Tracy Jr. When he ended his chances of playing in Sunday's game against the Colts (he missed practice Thursday because of a toe injury), the grim look on his face disappeared. Nabors lit up again when asked about the entire rookie class: himself, Tracy, safety […]
US House passes funding proposal without Trump’s demand to raise debt limit | US politics
The U.S. House of Representatives passed a funding bill Friday night, hours before the U.S. government shutdown, and a bill that would drop President Donald Trump's demand to raise the debt ceiling. The bill, which passed 366-34, authorizes three months of government funding and will be sent to the Senate, where it is expected to […]
Trump throws debt limit into shutdown fight
sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% } Welcome to The Hill's Business & Economics Newsletter {beacon} business and economy business and economy Full text House Republicans focus on Plan B stopgap with separate two-part debt limit pledge House Republicans are eyeing an alternative government funding stopgap […]
Many in GOP Oppose Clean Debt Limit Hike, It’s Better to Raise It Once We’re in Power
On Thursday's broadcast of Fox Business Network's “The Bottom Line,” Rep. Andy Harris (R-Md.) said many Republicans do not oppose raising the debt ceiling, but the spending that would come with it. He said that concessions are needed and that he believes they will happen. Once Republicans take control of Congress, they'd be better off […]
GOP Senator Claims Schumer Used Debt Limit As Leverage Against Trump, Criticizes GOP Who Opposed Trump-Endorsed Plan
Sen. Markwayne Mullin, R-Oklahoma, said Thursday that Senate Majority Leader Chuck Schumer used the debt limit as leverage against plans supported by President Trump. Monaka exterior Mullin criticized Schumer for the “Ingraham Angle,” which accused Laura Ingraham of manipulating debt ceiling negotiations to weaken President-elect Donald Trump's influence. Marinlin also criticized House Republicans who helped […]
Farage Blasts Electoral Commission for Seeking to Limit Musk Donations
Brexit leader Nigel Farage said the UK Electoral Commission had called for changes to UK electoral law to limit the ability of people like Elon Musk to support his start-up party Reform UK. He accused them of acting as “stooges of the regime.'' Rules around political donations have been put in place to prevent populist […]
House GOP eyes plan B stopgap with separate 2-part debt limit commitment
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. The new continuing resolution is still under consideration and subject to change, but includes some language […]
Thune not ready to abolish debt limit in government funding bill
Incoming Senate Majority Leader John Thune (R.S.D.) said Thursday that he will add debt limit repeal language to the year-end spending bill so that President-elect Trump does not have to deal with the debt limit after the presidential election. The proposal was not accepted. He was appointed in January. President Trump's decision to oppose the […]