To 'avoid economic catastrophe,' said RepBrendanBoyle, 'we must try whatever it takes.'
House Democrats on Wednesday formally launched a longshot bid to raise thethrough a procedural maneuver known as a discharge petition, which would force a floor vote on a debt limit increase without the approval of Republican Speaker Kevin McCarthy.
The move came after McCarthy and other congressional leaders sat down with President Joe Biden at the White House on Tuesday, a meeting that did not yield an agreement as Republicans continue to push for steep spending cuts and work requirements that Democratic lawmakers say areRep.
"In the next few weeks, at the reckless urging of former President Trump, we confront the possibility that right-wing extremists will intentionally plunge our country into a default crisis," Jeffries wrote."Emerging from the White House meeting, I am hopeful that a real pathway exists to find an acceptable, bipartisan resolution that prevents a default.
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.
Don’t Believe Donald Trump: A Failure to Raise the Debt Ceiling Would Be DisastrousA typically destructive intervention from Donald Trump has further complicated talks about raising the debt ceiling, JohnCassidy writes.
Read more »
Life and Debt: Unpacking the federal debt ceilingThe federal debt ceiling has been in place for more than a hundred years, but it’s been the subject of conflicts between congressional leaders and the White House. Episode one of Bloomberg: Life and Debt with mkmcollins and NPR's WAMU 1A is here
Read more »
White House Begins to Cave to House Republicans on Debt CeilingJoe Biden caved to Republicans and signaled that he could accept some reforms in a potential debt ceiling deal after months of refusing to negotiate any spending cuts or reforms.
Read more »
What you need to know about the debt ceiling as the deadline loomsWhat is the debt ceiling? What could happen if it's not raised? Here are answers to questions you may be asking about the debt limit and the fight over it. (via NPR)
Read more »
McCarthy warns Biden, Congress still ‘far apart’ on debt ceiling negotiations“It seems like they [the White House] want to look like they’re in a meeting,” the speaker added. “They’re not talking anything serious.”
Read more »
TSX kicks off week on steady footing; U.S. debt ceiling talks eyedCanada's benchmark stock index rose marginally on Monday aided by gains in commodity-linked stocks but investors remained wary of big bets ahead of domestic consumer inflation data later this week and concerns over the U.S. debt ceiling deadlock.
Read more »