#Five takeaways from the Biden, McCarthy meeting on debt limit debate

#Five takeaways from the Biden, McCarthy meeting on debt limit debate

President Biden and the top four congressional leaders, including Speaker Kevin McCarthy (R-Calif.), came away from their Tuesday meeting with no path forward to avoid the nation defaulting on its debts. The president’s meeting with McCarthy, House Minority Leader Hakeem Jeffries (D-N.Y.), Senate Majority Leader Chuck Schumer (D-N.Y.) and Senate Minority Leader Mitch McConnell (R-Ky.)…

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#What would a debt ceiling failure mean for Americans?

#What would a debt ceiling failure mean for Americans?

Lawmakers are bracing for what could shape up to be a dramatic few weeks for both parties, as they brace for a high-stakes battle over the nation’s borrowing limit.  The Treasury Department said this week that the nation could have until as soon as the start of June before it exhausts the “extraordinary measures” implemented…

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#First Republic fallout: Democrats fume as regulators bail out yet another failed bank

#First Republic fallout: Democrats fume as regulators bail out yet another failed bank

Democrats are banging a gong about the need for greater regulation of the U.S. financial sector following the combined public and private-sector rescue of California-based First Republic Bank. The San Francisco-based regional powerhouse is the third major U.S. bank to fail and prompt a government-administered bailout of depositors following the collapse of Silicon Valley Bank…

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