Congress had to pass a budget bill to avoid a shutdown this week. It also had to lift the debt limit or risk the government running out of money in March. So lawmakers packaged the bills. But they aren’t just doubling up on legislation, they’re doubling down on the national debt. Click the audio […]
Linking the two could make raising the debt limit more palatable to Congress, but it puts off a painful conversation about spending cuts.
The Congressional Budget Office is expected to release a report today on the country’s debt ceiling. The debt limit, which caps the amount the United States can borrow, was reinstated back in March. And the Treasury Department began using what are called “extraordinary measures” to help cover its obligations. But those will run out at […]
There’s a tug of war in the Trump administration over the debt ceiling — specifically, whether Congress should attach spending limits to legislation raising or suspending the ceiling. It limits how much the Treasury Department can borrow to pay its bills. Now, Treasury Secretary Steven Mnuchin is urging Congress to raise the debt ceiling with […]
A look at how the education system could be impacted and how Trump's voter base might react.