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Speaker Kevin McCarthy (R-Calif.) has accepted President Biden’s invitation to meet next week about the debt limit, a source familiar confirmed to The Hill on Tuesday, marking the first time since February that the two leaders will discuss the matter at length. The meeting is scheduled to take place on May 9. Biden also invited…
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 Biden…
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. The U.S. could default on its debt between July and September, the nonpartisan Congressional Budget Office warned on Wednesday, adding new specificity to a partisan impasse that could harm the economy even before…
The Hill’s Morning Report — Biden speech to hail ‘historic’ bipartisan strides 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….
Treasury resorts to ‘extraordinary measures’ after US hits debt limit Treasury Secretary Janet Yellen on Thursday notified congressional leaders that her office will begin to implement “extraordinary measures” to keep the U.S. government from defaulting on its debt. The nation’s debt climbed to more than $31.4 trillion this week, federal financial data shows, crossing the threshold set by…
Debt ceiling showdowns are ready for comeback with GOP majority House Republicans are looking to use a vote on raising the debt ceiling, a must-pass measure to avoid stark economic consequences and damaging credit of the United States, to get concessions on spending cuts if they win control of the chamber in the midterm elections. …