The U.S. is again within mere weeks of failing to make good on all its obligations. That is not a position befitting of a country considered the bedrock of the financial system, and only adds uncertainty to an already shaky economy.
“We pay our bills and we should do so without reckless hostage-taking from some of the MAGA Republicans in Congress,” Biden says.
The President offers a plan to trim more than $3 trillion in deficits over the next decade.
The president calls GOP hypocrisy on spending and debt limit claims a major problem that he will highlight as he heads into the 2024 presidential campaign season.
America is expected to hit its legal “borrowing limit” Thursday. Bad? Yes, but…
The federal budget deficit rose to $666 billion in the just-completed fiscal year, a spike that comes as Republicans are moving to draft a tax