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Budget

Budget

U.S. Could Run Out of Cash by June 1, Yellen Warns

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Janet L. Yellen, the Treasury secretary, called on Congress to raise or suspend the debt limit so the United States could continue paying its...
Budget

Biden Faces His First Big Choice on Debt Limit

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After Republicans passed a bill that pairs spending cuts and fossil fuel support with raising the nation’s borrowing cap, the president must decide when...
Budget

The Fight Over the Debt Limit

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House Republicans are putting the economy at risk to push spending cuts.
Budget

Fact-Checking the Kickoff to Biden’s Re-election Campaign

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The president omitted key context when discussing the federal deficit, exaggerated his approval ratings and misstated his family history.
Budget

After a Hellish Start and a Honeymoon, McCarthy Faces His First Big Test

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The Republican speaker has stuck to partisan bills that have kept his party united. That ends with a tough vote to raise the debt...
Budget

The Debt Ceiling Debate Is About More Than Debt

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Republicans’ opening bid to avert economic catastrophe by raising the nation’s borrowing limit focuses more on energy policy than reducing debt.
Budget

What’s in the House G.O.P. Debt Limit Bill

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Republicans revealed a proposal on Wednesday that would cut federal spending and unravel parts of the Biden administration’s policy agenda in exchange for lifting...
Budget

The G.O.P.’s Fiscal Hawks Fly Far Away From Deficit Fights

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After a decade of rising deficits and soaring debt, the top White House contenders, Donald Trump and Ron DeSantis, show little interest in battling...
Budget

McCarthy Proposes One-Year Debt Ceiling Increase Tied to Spending Cuts

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Clashing with President Biden, who has called for a debt limit hike with no conditions, the Republican speaker went to Wall Street to pitch...
Budget

Just a Few Top Secrets Among Friends

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What could go wrong?
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