Tag #Government Shutdown

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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, 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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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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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 Averts Government Shutdown; Trump, Musk Opposition Fails

The US Congress narrowly avoided a government shutdown on December 21st, passing a bill to fund the federal government until mid-March, after a last-minute effort, overcoming the opposition of Donald Trump and Elon Musk, who had previously scuttled a bipartisan agreement.

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US Government Shutdown Averted, But Budget Battle Looms

Congress passed a short-term funding bill to avert a government shutdown hours before the deadline, delaying budget negotiations until after President-elect Trump's inauguration, highlighting the ongoing political challenges in Washington.

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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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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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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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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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US Stocks Rise After Shutdown Averted, Inflation Eases Concerns

U.S. stock index futures rose on Monday following Congress's passage of a spending bill that averted a government shutdown and a positive inflation report that reduced concerns about interest rate hikes; the Dow E-minis rose 0.07%, the S&P 500 E-minis rose 0.26%, and the Nasdaq 100 E-minis rose 0.45...

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Showing 145 to 156 of 263 results