Tag #Government Shutdown

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US Debt Ceiling Crisis Looms as Congress Faces January 16th Deadline

The US will reach its $36 trillion debt limit on January 16th, prompting Treasury to use temporary measures until March 14th, when Congress must raise or suspend the limit to avoid a potential default and global economic crisis; internal divisions within the Republican party complicate this process.

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France Passes Emergency Budget Law After Government Censure

The French Parliament unanimously passed a temporary budget law on December 18th, authorizing the government to function until a proper 2025 budget is adopted, following the censure of Prime Minister Michel Barnier's government.

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Narrow House Majority Threatens Trump's Agenda and Presidential Certification

President-elect Donald Trump's cabinet picks await Senate confirmation, while House Speaker Mike Johnson faces a tight race for reelection, threatened by a historically narrow Republican majority that could delay the January 6th certification of Trump's presidential win.

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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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Yellen Warns of Imminent US Debt Ceiling Crisis

Treasury Secretary Janet Yellen warned Congress on January 5th that the US government might need to start using "extraordinary measures" to avoid hitting the debt ceiling as early as January 14th, urging them to act to prevent a potential default; this comes after President Biden signed a bill last ...

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US Debt Ceiling Reinstatement Looms, Raising Specter of Default

The US debt ceiling will be reinstated on January 2, 2025, at roughly \$36.2 trillion, prompting the Treasury to use temporary measures to avoid default. House Republicans propose a \$1.5 trillion increase paired with spending cuts, potentially creating a future crisis. A default could delay Social ...

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Trump's Shifting Stance on Reconciliation Creates Uncertainty for Republicans

President-elect Trump's shifting stance on whether to pass his legislative agenda as one bill or two via reconciliation creates uncertainty for Republicans, who aim to pass the bill by late April or Memorial Day at the latest, facing internal divisions and a narrow majority in the House.

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Republican Speaker Vote Threatens Trump's Election Certification

House Republicans face a critical vote today on Speaker Mike Johnson's reelection, threatened by internal divisions that could delay the certification of Donald Trump's election victory, potentially disrupting the constitutionally mandated process.

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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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US Government Faces Looming Debt Ceiling Crisis

Treasury Secretary Janet Yellen warned Congress on December 29, 2024 that the federal government may hit its debt limit as early as January 14, 2025, unless Congress acts or the Treasury implements "extraordinary measures", potentially leading to a government default and impacting global markets.

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US Faces Debt Ceiling Crisis in January 2025

Treasury Secretary Janet Yellen warned Congress that the federal government may hit its $31.4 trillion debt ceiling between January 14 and 23, 2025, requiring "extraordinary measures" to avoid default unless Congress acts; President Trump recently supported abolishing the debt ceiling.

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Gonzales Compares Musk's Influence to a Prime Minister's in Government Funding Bill Negotiations

Rep. Tony Gonzales compared Elon Musk to a prime minister due to his significant influence on the government funding bill's revisions, praising Musk's vocal opposition that, along with President-elect Trump and Vice President-elect JD Vance's opposition, led to a smaller version of the bill passing.

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52% Bias Score

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