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Saturday, April 4, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: debt ceiling

UPDATED: Thu., Aug. 1, 2019

Hard-won budget, debt deal clears Senate, advances to Trump

A hard-won budget and debt deal easily cleared the Senate on Thursday, powered by President Donald Trump’s endorsement and a bipartisan drive to cement recent spending increases for the Pentagon …

UPDATED: Mon., July 22, 2019

Deal sealed on federal budget, ensuring no shutdown, default

President Donald Trump and congressional leaders announced late Monday they had struck a critical debt and budget agreement. The deal amounts to an against-the-odds victory for Washington pragmatists seeking to …

Milbank: Trump found what angers GOP

Why do so many Republicans who tolerated so much now howl about civil war over a deal with Democrats?

UPDATED: Fri., Sept. 8, 2017

Congress sends aid bill, debt hike to Trump

Congress on Friday sent President Donald Trump a massive package of $15.3 billion in disaster aid linked to an increase in the nation’s borrowing authority that angered conservative Republicans who …

UPDATED: Tue., Sept. 5, 2017

Congress to speed up Harvey aid, tackle debt limit

Lawmakers returned to Washington Tuesday facing fast-approaching deadlines, including pressing demands to replenish dwindling disaster aid reserves as Texas and Louisiana dig out from Harvey and an even more powerful …

Mnuchin says hurricane relief aid should be tied to raising debt limit

Treasury Secretary Steven Mnuchin said Sunday that Congress should combine an initial package of relief for victims of Harvey with an increase in the nation’s debt limit, saying lawmakers need …

UPDATED: Fri., Sept. 1, 2017

Trump asks for $7.9 billion down payment for Harvey relief

President Donald Trump’s initial request for a multibillion-dollar down payment for initial Harvey recovery efforts is growing. Republican leaders are already making plans to use the aid package, certain to …

UPDATED: Thu., Aug. 24, 2017

Trump attacks Republican leaders over debt ceiling

President Donald Trump lashed out on Thursday at Republican leaders in Congress, inflaming tensions that could further threaten his legislative priorities.

McConnell says ‘zero chance’ Congress will fail to raise debt ceiling

Senate Majority Leader Mitch McConnell, R-Ky., said Monday that there was “zero chance, no chance” Congress would fail to raise the debt ceiling by late September, though he offered no …

UPDATED: Tue., Aug. 8, 2017

Congress is broken, and staff members know why

Members of Congress will return in September to a glut of complex and technically challenging tasks, including tax policy, the debt ceiling, and Russian meddling in the 2016 election.

UPDATED: Sat., July 15, 2017

Trump may have to use Obama’s secret debt plan

Deep within the Treasury Department sits a once-secret plan written by the Obama administration that could lead to the first-ever default on U.S. debt. Bond traders are worried that Donald …

House Freedom Caucus to air debt ceiling demands

The House Freedom Caucus plans to lay out three ways members would support raising the debt ceiling this month, including overhauling the debt limit and payment system or making deep …

UPDATED: Sat., June 3, 2017

Mnuchin, Mulvaney at odds over U.S. debt limit

A division within the Trump administration over how to avoid a default on the national debt burst into the open, with the president’s treasury secretary and budget director publicly at …

Editorial: Budget deal ends crisis management

Compromise budget will give Congress two years to achieve real reforms, if it can.

Treasury moves up debt limit deadline to Nov. 3 and warns of default risk

The Treasury Department said Thursday that Congress must raise the debt limit by Nov. 3 or the federal government risks default.

Kathleen Parker: Ted Cruz’s mouth may doom Republicans

Two things are often said in this town: “A day is a year in politics.” And, “It’s all about 2014.” Combined, the two statements mean that much can happen between …

Gov’t reopens after Congress ends 16-day shutdown

WASHINGTON — The government reopened its doors Thursday after a battle-weary Congress approved a bipartisan measure to end a 16-day partial shutdown and avert the possibility of an economy-jarring default …

UPDATED: Wed., Oct. 16, 2013

Obama signs deal into law to end shutdown

WASHINGTON — Up against one last deadline, Congress raced to pass legislation Wednesday avoiding a threatened national default and ending a 16-day partial government shutdown along the strict terms set …

Obama: GOP ’grandstanding’ in budget battle

WASHINGTON — President Barack Obama says a failure to increase the government’s borrowing authority would effectively shutter the economy.

Budget deal reachable, says Sen. Murray

The new leader of the U.S. Senate’s budget committee said Tuesday that Republican threats to shut down the government are irresponsible. U.S. Sen. Patty Murray, a Seattle-area Democrat, said there …

Boehner withdraws from debt talks with Obama

President Barack Obama said this evening that House Speaker John Boehner was “walking away” from negotiations to raise the nation’s debt ceiling and avert financial catastrophe. Still, Obama said he …

Editorial: Lowering debt limit strengthens state budget

As legislators in Olympia pore over the operating budget for major cuts, there is one growing expenditure that makes their job tougher: debt service for state capital projects. While the …