Headline from Wall Street Journal, on the newest of 5 developments
President faces political backlash whether or not he gets a deal with Republicans.
Wall Street Journal's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
This second discussion comes as the U.S. is quickly approaching the deadline by which the Department of Treasury believes the federal government will run out of money to pay its bills.
The United States could default on its debt as early as June 1. As the clock ticks down to next month Speaker McCarthy is ready to negotiate. The ball is in President Biden's court.
Despite rising speculation he could invoke the Fourteenth Amendment, the US Constitution is clear that the president doesn’t have the power of the purse.
By Maegan Vazquez, Donald Judd and Nikki Carvajal, CNN (CNN) — President Joe Biden on Wednesday sought to lay out how he’ll continue to negotiate with congressional leaders on the budget to raise the debt ceiling – underscoring that all parties agreed that the United States would not default.
President Biden offered a glimmer of hope Wednesday that he would soon reach a deal with Republican congressional leaders to raise the nation’s $31.4 trillion borrowing limit and avoid a default that could come as soon as June 1.
Treasury Secretary Yellen repeatedly warned Congress accounting maneuvers will be exhausted within weeks, U.S. could default on its bills as early as June 1.
President Joe Biden on Saturday expressed optimism that a deal with Republicans on raising the debt ceiling can be achieved despite a looming default deadline and a day of fruitless negotiations.
Questions abound about President Joe Biden's ability to coax congressional Republicans into a debt limit agreement despite "good faith" efforts put forth by White House negotiators and the president's own stated desire for a bipartisan solution.
Negotiations between the White House and Congress over the debt ceiling have been put on pause over the weekend as both sides continue to dig their heels in ahead of a looming default deadline — but President Joe Biden is expressing confidence it’s all part of the process.
President Joe Biden issued a stark warning Sunday that congressional Republicans could use a national default to damage him politically and acknowledged time had run out to use potential unilateral actions to raise the federal borrowing limit, a sharp shift in tone days before the deadline to reach …
President Joe Biden is adamant he has done his part as he and congressional Republicans negotiate over raising the debt ceiling in exchange for spending cuts.
