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Politics
House Approves Bill to Avert U.S. Default, Sending It to Biden
WASHINGTON — The House gave final approval on Tuesday to legislation that would raise the debt ceiling into early December,…
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Politics
Benefits for All or Just the Needy? Manchin’s Demand Focuses Debate
WASHINGTON — Senator Joe Manchin III of West Virginia has a ready retort to fellow Democrats who say shrinking the…
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Politics
As the U.S. Hurtles Toward a Debt Crisis, What Does McConnell Want?
WASHINGTON — In March 2006, as the government veered dangerously close to a default, Senator Mitch McConnell of Kentucky, the…
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Business
Biden accuses Republicans of being ‘reckless’ over the debt limit increase.
WASHINGTON — President Biden excoriated Republicans on Monday for blocking his party’s efforts to raise the debt ceiling weeks before…
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Politics
How the Debt Ceiling Came to Be a Political Cudgel
Sign up here to get On Politics in your inbox every Tuesday and Thursday. Over the weekend, Germany conducted a…
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Business
Yellen and Powell warn that the Delta variant is slowing the recovery.
America’s two top economic policymakers will warn lawmakers on Tuesday that the Delta variant of the coronavirus has slowed the…
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Politics
Republicans Block Government Funding, Refusing to Lift Debt Limit
WASHINGTON — Senate Republicans on Monday blocked a spending bill needed to avert a government shutdown this week and a…
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Business
America’s Need to Pay Its Bills Has Spawned a Political Game
WASHINGTON — For nearly two decades, lawmakers in Washington have waged an escalating display of brinkmanship over the federal government’s…
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Business
As Debt Default Looms, Yellen Faces Her Biggest Test Yet
WASHINGTON — When Janet L. Yellen was Federal Reserve chair in 2014, she faced a grilling from Republicans about whether…
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Business
House Passes Spending Bill and Debt Limit Increase Over G.O.P. Opposition
WASHINGTON — The House on Tuesday approved legislation to keep the government funded through early December, lift the limit on…
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