Debt Ceiling
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U.S. could hit debt ceiling in mid-January, treasury secretary saysThe department has in the past deployed what are known as “extraordinary measures” or accounting maneuvers to keep the government operating.U.S. NewsDec 27, 2024
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U.S. government shutdown may be averted after House passes spending billThe bill was passed with hours to go before a funding deadline that would trigger a government shutdown before the winter holidays if no new funding was approved.U.S. NewsDec 20, 2024
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U.S. government shutdown more likely as spending, debt ceiling bill failsU.S. House Republicans failed to pass a new deal approved by president-elect Donald Trump that would suspend the debt ceiling for two years as a funding deadline nears.U.S. NewsDec 19, 2024
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Republicans, protesting debt ceiling deal, block McCarthy’s House agendaThe aftermath of the debt ceiling deal is coming into focus: The hard-right flank that helped put the speaker in power five months ago is not done with McCarthy yet.U.S. NewsJun 7, 2023
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Biden signs debt ceiling bill avoiding default with 2 days to spareThe White House announced the signing, done in private at the White House, in an emailed statement in which Biden thanked congressional leaders for their partnership.U.S. NewsJun 3, 2023
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Biden says debt ceiling bill to be signed Saturday, praises bipartisan dealBiden used his inaugural speech to the nation from the Oval Office to highlight the bill and the compromises it contains, pointing to the importance of averting a default.U.S. NewsJun 2, 2023
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U.S. Senate passes debt ceiling bill to prevent default, set to become lawThe legislation passed the upper chamber a day after the House united in rare bipartisan fashion to approve the deal reached between Republicans in the White House last week.U.S. NewsJun 1, 2023
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Debt ceiling and spending bill passes U.S. House, clearing major hurdleThe goal is to get the bill signed by President Joe Biden before Monday, when the U.S. Treasury says it will run out of money to pay its debts.U.S. NewsMay 31, 2023
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U.S. debt ceiling: Biden, McCarthy shore up support ahead of crucial voteBiden is sending top White House officials to meet at the Capitol to shore up support ahead of voting. McCarthy is working furiously to sell skeptical fellow Republicans.U.S. NewsMay 31, 2023
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Debt ceiling deal heads for vote, but some lawmakers still have concernsBiden spent part of the Memorial Day holiday working the phones, calling lawmakers in both parties, as the president does his part to deliver the votes.U.S. NewsMay 30, 2023
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