Tag: National debt
Yellen outlines to Congress emergency measures on debt limit
WASHINGTON — Treasury Secretary Janet Yellen told Congress on Friday that she will start taking emergency measures next week to keep the government from...
Dems hit McConnell, who says GOP won’t back debt limit boost
WASHINGTON — Senate Democrats accused Republicans on Wednesday of a “shameless, cynical” ploy that would damage the economy and the government's credit rating after...
CBO projects federal deficit will hit $3 trillion this year
The Congressional Budget Office says that the federal budget deficit will again hit $3 trillion this year, $745 billion more than its estimate five...
Yellen: Failure to raise debt limit would be ‘catastrophic’
WASHINGTON — Treasury Secretary Janet Yellen told a congressional panel Wednesday that failing to raise the federal debt ceiling would have “catastrophic consequences” that...
Treasury warns of need to deal with national debt limit
WASHINGTON — The Treasury Department says it will employ extraordinary measures to avoid an unprecedented default on the national debt this summer, but officials...
McConnell says GOP open to $600 billion for infrastructure
LOUISVILLE, Ky. — Senate Minority Leader Mitch McConnell, R-Ky., said Monday that Republicans are willing to spend up to $600 billion on infrastructure, far...
Path from Clinton to Biden takes U-turn on debt, trade, more
WASHINGTON — When Bill Clinton spoke of how to build a bridge to the 21st century, it was to be constructed with balanced budgets,...