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Rep. Patrick McHenry (R-N.C.), a lead GOP negotiator in the debt-ceiling talks, said Saturday evening that major differences remain as the sides race to shore up a deal to prevent a government default. The impasse reached a point that President Biden and Speaker Kevin McCarthy (R-Calif.) were scheduled to hold a phone call in an…
If the White House and House Republicans fail to raise the debt ceiling and the U.S. defaults on its national debt for the first time ever, the economic consequences for Americans will be wide-ranging and long-lasting. Social Security checks could be held up, government salaries and contracts could be frozen, Medicare reimbursements to doctors and…
Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Morning Report newsletter It…
Speaker Kevin McCarthy (R-Calif.) said on Sunday that a call he had with President Biden about the debt limit and looming default earlier in the day was “productive” and that the pair will meet in-person on Monday upon the president’s return from Japan. “I believe it was a productive phone call,” McCarthy told reporters, noting…
President Biden said at the Group of Seven (G7) summit on Saturday that he believes the United States will avoid a default as the deadline for lawmakers to reach a deal approaches. Biden said at a press conference in Hiroshima, Japan, that he is “not at all” worried about the ongoing negotiations to raise the…
Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Morning Report newsletter Another…
Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Morning Report newsletter The…
Senate Republicans are disavowing former President Trump’s call to let the federal government default on its debts unless President Biden agrees to “massive” spending cuts, dismissing Trump’s suggestion as something far too risky to seriously consider. The cold reception to Trump’s bold statement is the latest sign of the widening rift between Trump and his party’s Washington…
Top political figures are swirling the possibility that President Biden could use the powers of a clause in the 14th Amendment as a last-ditch effort to ward off the looming threat that the U.S. could default on its debt as soon as next month. When asked about possibility of invoking the amendment, President Biden as…
Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Morning Report newsletter The…