Debt talks can include everything but cuts to Social Security and Medicare, Republicans say
WASHINGTON, Feb 12 (Reuters) – Republicans say they would not cut Social Security and Medicare programs but “everything else is on the table” in talks over raising U.S. government borrowing limits, House Oversight Committee Chair James Comer said on Sunday.”We need to shore those programs up. They’re running out of money. But at the end […]
In State of the Union speech, Biden challenges Republicans on debt and economy
WASHINGTON, Feb 7 (Reuters) – President Joe Biden challenged Republicans to lift the U.S. debt ceiling and support tax policies that were friendlier to middle class Americans on Tuesday in a State of the Union speech that served as a blueprint for his 2024 re-election campaign.Assailing oil companies for making high profits and corporate America […]
Veterans of 2011 U.S. debt-ceiling fight see tougher battle ahead
WASHINGTON, Jan 31 (Reuters) – A Democratic president. A new Republican majority in the U.S. House of Representatives pushing for sharp spending cuts. A rapidly growing pile of debt – and a showdown that threatens to throw the global economy into turmoil.Sound familiar?Those elements driving the debate over raising the federal government’s $31.4 trillion debt […]
McCarthy to discuss debt limit, spending with Biden
Biden, McCarthy set for high-stakes debt talks on WednesdayRepublican leader says U.S. default will not happenWhite House dubious on Republican plan for MedicareWASHINGTON/WILMINGTON, Del., Jan 29 (Reuters) – President Joe Biden and House of Representatives Speaker Kevin McCarthy will meet at the White House on Wednesday for talks in the standoff over the federal debt […]
Splits emerge as U.S. House Republicans demand Biden negotiate on debt limit
WASHINGTON, Jan 25 (Reuters) – Republicans who control the U.S. House of Representatives are divided over how hard a line to take on the debt ceiling, but were united on Wednesday in demanding that Democratic President Joe Biden agree to negotiate on spending as part of any deal.Hard-line Republican conservatives, who have the power to […]
Explainer: Shutdown? Default? Washington’s risky new debt ceiling standoff
WASHINGTON, Jan 24 (Reuters) – Partisan brinksmanship in the U.S. Congress has made government shutdowns seem a routine part of governing in the past decade, but the current standoff in Washington over raising the $31.4 trillion federal debt ceiling is significantly riskier.WHAT IS A GOVERNMENT SHUTDOWN?Congress is supposed to pass detailed spending legislation for each […]
Republicans’ debt plan could cause ‘economic catastrophe’ – White House
WASHINGTON, Jan 17 (Reuters) – Republicans’ plan to pay some U.S. debts as they come due but not others is a “recipe for economic catastrophe” that threatens the global economy, the White House said on Tuesday.House Republicans are planning to move a “debt prioritization” measure by the end of March that would call on the […]