House Speaker Kevin McCarthy and President Joe Biden brokered a two-year agreement to suspend the debt ceiling, but it needs quick congressional approval before the federal government runs out of money. We’ll explain the main provisions of the bill that would cut, and increase, federal spending.
Rep. Ro Khanna voted against a budget bill in 2018 that raised the federal debt limit. Yet, Khanna claimed he set aside his partisan differences with then-President Donald Trump and “voted to pay our bills.”
Here we’ll explain why Democrats claim that the GOP legislation is a threat to veterans, as well as why Republicans claim that those opposing the bill are simply using fear tactics.
Democrats and Republicans are once again in a standoff over a looming debt limit crisis. Congress must raise or suspend the limit on federal borrowing soon or the U.S. government won’t be able to pay its bills. Here we provide the facts on the political dispute.
A TV ad from a tea party group plays word games in an attempt to align Mississippi Republican Sen. Thad Cochran with President Obama and Senate Majority Leader Harry Reid on health care, immigration and the federal debt.
President Obama says failing to raise the debt limit will “force the United States to default on its obligations.” Sen. Rand Paul contends “there’s no reason for us to default.” Who’s right?
Treasury Secretary Jack Lew twisted the facts during discussions about job growth and the debt ceiling on “Meet the Press.”
The GOP presidential candidates debated for the second time in six days — tossing out a variety of false and misleading claims on everything from Social Security to vaccines for sexually transmitted diseases. …
The last few weeks have been filled with debate, accusations, stalemate and false claims about the debt ceiling and how — and whether — it should be raised. As the Aug. 2 default deadline looms, here’s a look at the less-than-factual talking points …
President Obama's communications director said we’ve "never" been in danger of defaulting before. That's not true. Congress has come close to failing to raise the debt ceiling before defaulting more than once in recent years, under both Presidents Bill Clinton and George W. Bush.
White House Communications Director Dan Pfeiffer appeared on CNN's "John King USA" on July 26, and he told guest-host Jessica Yellin that "in the 200-plus years of our country, we've never been in a situation where we have been in danger of defaulting on our obligations."