The U.S. government is hitting its statutory debt limit on Thursday, requiring the Treasury Dept. to begin resorting to 'extraordinary measures' to pay the bills.
on Thursday, requiring the Treasury Department to begin resorting to"extraordinary measures" to pay the bills.
"Let’s change our behavior now. Let’s sit down. He’s the president. We’re the majority in the House. The Democrats are the majority in the Senate. And that’s exactly the way the founders designed Congress to work, find the compromise and find the commonsense compromise that puts us back onto a balanced budget," McCarthy told reporters Tuesday on Capitol Hill.
But the White House has made clear what President Joe Biden's offer to lift the debt ceiling is: nothing. McCarthy hasn't specified a list of demands to attach to a debt limit hike. He would need a majority of the House to pass such a measure and put pressure on the Senate and White House to negotiate.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Treasury’s ‘Extraordinary Measures’ Can’t Solve The Debt Limit CrisisTreasury will undertake 'extraordinary measures' this week to put off a debt limit crisis. But these will only buy time, not solve the problem. If Republicans won't allow Congress to act, President Biden will have to consider historic steps to save the economy.
Read more »
Gold Price Forecast: XAU/USD remains defensive, focus on United States Treasury bond yields, Retail SalesGold price (XAU/USD) remains lackluster as buyers struggle defend the $1,900 threshold after declining during the first two days of the week. The yell
Read more »
S&P 500 Futures, Treasury bond yields depict market’s anxiety ahead of key catalystsS&P 500 Futures, Treasury bond yields depict market’s anxiety ahead of key catalysts – by anilpanchal7 SP500 Futures YieldCurve CentralBanks Macroeconomics
Read more »
U.S. Treasury's Yellen, China's Liu to meet in Zurich for first in-person talksU.S. Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Zurich on Wednesday for frank talks on the global economy, sovereign debt issues and climate change, as the world's biggest economies work to repair frayed relations.
Read more »
Treasury yields fall as traders assess data, Fed outlookU.S. Treasury yields were lower on Wednesday as uncertainty around the outlook for monetary policy and the economy clouded risk sentiment.
Read more »
US Treasury Sec. Yellen: Plan to address issues of concern with ChinaAt the start of the meeting with Chinese Vice Premier Liu He met in Zurich on Wednesday, US Treasury Secretary Janet Yellen said that she planned to a
Read more »