Tag #Debt Limit

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foxnews.com

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Feb 26, 04:08

House Passes Multi-Trillion Dollar Resolution Advancing Trump's Agenda

The House passed a resolution (217-215) for a multi-trillion-dollar bill prioritizing border security, defense, energy, and tax cuts, advancing President Trump's agenda via budget reconciliation, despite internal GOP divisions and deficit concerns.

House Passes Multi-Trillion Dollar Resolution Advancing Trump's Agenda

The House passed a resolution (217-215) for a multi-trillion-dollar bill prioritizing border security, defense, energy, and tax cuts, advancing President Trump's agenda via budget reconciliation, despite internal GOP divisions and deficit concerns.

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What are the immediate consequences of the House's passage of this multi-trillion-dollar resolution?

The House passed a resolution (217-215) outlining a multi-trillion-dollar plan encompassing President Trump's priorities: border security, defense, energy, and tax cuts. This sets the stage for committee proposals and eventual Senate negotiations. One Republican opposed the bill due to deficit concerns.

es.euronews.com

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Feb 24, 04:09

German Election Results: CDU Leads, Coalition Talks Loom

Germany's weekend elections show the center-right CDU/CSU leading with 29% support, followed by the far-right AfD at 21%, leaving the next government to grapple with a €25 billion budget deficit, stricter immigration rules, and potentially revising green energy policies.

German Election Results: CDU Leads, Coalition Talks Loom

Germany's weekend elections show the center-right CDU/CSU leading with 29% support, followed by the far-right AfD at 21%, leaving the next government to grapple with a €25 billion budget deficit, stricter immigration rules, and potentially revising green energy policies.

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How might the new government's approach to immigration and climate change policies differ from the previous coalition, and what are the potential consequences?

The election results may lead to a CDU coalition with either the SPD or the Greens, as no single party is likely to secure enough votes for a majority government. Key policy challenges facing the new coalition include Germany's debt limit, immigration, and climate change. Germany's economy contracted for the second consecutive year in 2024 due to structural economic problems, impacting the need for policy reform.

us.cnn.com

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Jan 2, 10:09

US Debt Ceiling Reinstated, Delaying but Not Avoiding Looming Crisis

The US debt ceiling was reinstated at nearly \$36.2 trillion on Thursday, delaying the need for extraordinary measures to avoid default until mid-January, creating a political challenge for Republicans in Congress who must resolve it before a potential first-ever default.

US Debt Ceiling Reinstated, Delaying but Not Avoiding Looming Crisis

The US debt ceiling was reinstated at nearly \$36.2 trillion on Thursday, delaying the need for extraordinary measures to avoid default until mid-January, creating a political challenge for Republicans in Congress who must resolve it before a potential first-ever default.

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What are the immediate implications of reinstating the US debt ceiling at \$36.2 trillion, and what is the timeframe before potential default?

The US debt ceiling was reinstated at nearly \$36.2 trillion, but a technicality allows borrowing to continue until at least mid-January. The Treasury projects a temporary dip, delaying the need for extraordinary measures to avoid default until sometime between January 14 and 23. This delay provides a window for Congress to address the issue.

faz.net

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Feb 25, 13:12

Merz Seeks €200 Billion for German Defense, Bypassing Debt Rules

German Chancellor-designate Friedrich Merz is negotiating with the SPD to approve €200 billion in special defense spending, aiming to bypass strict debt rules and bolster the Bundeswehr before a new parliament with potential opposition from AfD and Linke takes office.

Merz Seeks €200 Billion for German Defense, Bypassing Debt Rules

German Chancellor-designate Friedrich Merz is negotiating with the SPD to approve €200 billion in special defense spending, aiming to bypass strict debt rules and bolster the Bundeswehr before a new parliament with potential opposition from AfD and Linke takes office.

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What is the immediate impact of the proposed €200 billion special defense spending on German fiscal policy and the Bundeswehr?

Germany's designated Chancellor, Friedrich Merz (CDU), is in talks with the SPD to approve up to €200 billion in special defense spending. This was reported by Bloomberg, citing sources familiar with the discussions. The discussions are focused on circumventing Germany's strict debt limits to fund the Bundeswehr.

npr.org

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Feb 8, 19:10

House and Senate Republicans Clash Over Trump's Agenda Implementation

House and Senate Republicans are pursuing separate plans to pass President Trump's legislative priorities—including tax cuts, border security measures, and an extension of the debt limit—using budget reconciliation to avoid Democratic opposition; however, disagreements between the chambers threaten ...

House and Senate Republicans Clash Over Trump's Agenda Implementation

House and Senate Republicans are pursuing separate plans to pass President Trump's legislative priorities—including tax cuts, border security measures, and an extension of the debt limit—using budget reconciliation to avoid Democratic opposition; however, disagreements between the chambers threaten ...

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Why are the House and Senate Republicans pursuing different approaches to implementing President Trump's agenda?

The budget reconciliation process allows Republicans to sidestep the need for bipartisan support, a significant advantage given their slim majorities. However, this strategy introduces complexities, involving a budget resolution, committee bill writing, and the potential for internal disagreements between the House and Senate to complicate the process. The ultimate success hinges on whether Republicans can navigate these internal differences while maintaining a unified front.

edition.cnn.com

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Jan 2, 13:08

US Debt Ceiling Reinstated, Setting Stage for January Showdown

The US debt ceiling was reinstated Thursday at nearly $36.2 trillion, but a projected dip in debt allows for continued borrowing until at least mid-January; President-elect Trump is demanding immediate action, while Republicans face internal divisions over spending cuts, setting up a major challenge...

US Debt Ceiling Reinstated, Setting Stage for January Showdown

The US debt ceiling was reinstated Thursday at nearly $36.2 trillion, but a projected dip in debt allows for continued borrowing until at least mid-January; President-elect Trump is demanding immediate action, while Republicans face internal divisions over spending cuts, setting up a major challenge...

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What are the potential long-term economic and geopolitical consequences of a US default on its debt obligations?

Failure to address the debt ceiling could lead to a US default, an unprecedented event with potentially severe global economic consequences. The timing of this crisis, coupled with slim Republican majorities and internal party divisions over spending cuts, creates considerable political risk and uncertainty. The duration until default depends on various unpredictable factors such as tax revenue and federal spending.

Showing 13 to 18 of 18 results