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Biden and congressional leaders fail to reach a debt limit deal, but will meet again Friday
WASHINGTON — President Joe Biden and top congressional leaders were unable to reach a bipartisan debt limit agreement during a closed-door meeting Tuesday, leaving the dispute unresolved as the country moves closer to a default predicted as soon as early June. White House staff and aides to the four congressional leaders, however, will meet throughout […]
U.S. default could begin June 8 without agreement, top economist tells Congress
WASHINGTON — Unless Congress can strike a deal, the U.S. Treasury will likely default on the nation’s bills starting June 8, triggering major consequences for the economy, according to Mark Zandi of Moody’s Analytics. The risk assessment organization’s chief economist testified before the U.S. Senate Committee on the Budget Thursday and urged lawmakers to suspend […]
U.S. could default as early as June 1, Yellen warns Congress
WASHINGTON — U.S. Treasury Secretary Janet Yellen warned Monday that the U.S. could default in as soon as one month if Congress does not act to raise the nation’s borrowing limit — a prediction that prompted President Joe Biden to call a meeting with congressional leaders next week. In a letter to lawmakers, Yellen wrote that […]
U.S. House GOP pushes through debt ceiling increase coupled with massive spending cuts
WASHINGTON – U.S. House Republicans on Wednesday struggled but whipped just enough votes to pass their plan to temporarily raise the nation’s borrowing limit and also cut spending by slashing key parts of President Joe Biden’s climate and tax law, potentially risking some veterans’ health benefits and imposing more work ruled on the nation’s safety […]
U.S. House GOP plan would expand work requirements for food aid for older adults
WASHINGTON — Hundreds of thousands of low-income Americans could face higher barriers to food assistance under the U.S. House Republican plan to cut spending while temporarily lifting the debt limit, advocates say. House Speaker Kevin McCarthy’s Limit, Save, Grow Act proposes returning discretionary spending to fiscal 2022 levels in exchange for raising the nation’s borrowing […]
U.S. Supreme Court preserves access to abortion pill as lawsuit continues
WASHINGTON — The abortion pill will remain available throughout the United States while a lawsuit over its approval and use works through the appeals process, the U.S. Supreme Court said Friday. The court issued a stay that ensures access to mifepristone nationwide, reversing lower court rulings about when and how the abortion medication should be available […]
U.S. judge rules insurers don’t have to cover many free preventive health services
WASHINGTON — Health insurance companies may no longer need to cover a wide swath of preventive health care services that were required by the 2010 Affordable Care Act, under a federal judge’s ruling issued Thursday in Texas. The decision could affect millions of Americans’ access to no-cost preventive health care — including pregnancy-related care, cancer screenings, […]
As opioids overdose deaths keep rising, report urges lawmakers to develop new approaches
WASHINGTON — Lawmakers should view America’s staggering opioid crisis, including the rise of illicit fentanyl, through an “ecosystems” approach, argues a massive RAND Corporation report published last week. That means they should examine the gaps and interconnections among emergency response, data collection, education, treatment, housing and law enforcement, the report advises. The 600-page volume — which […]
Biden says U.S. bank deposits are safe despite tumult over California bank collapse
WASHINGTON — President Joe Biden reassured Americans early Monday that their money is safe in U.S. banks, after a tumultuous weekend following the collapse of Silicon Valley Bank and a move by regulators to shut down a second lender. Americans “should feel confident that their deposits will be there, if and when they need them,” […]
Biden in State of the Union address draws boos and shouts from a combative GOP
WASHINGTON — President Joe Biden began his State of the Union address Tuesday — his first to a divided Congress — with an appeal to bipartisan priorities, but later criticized parts of the GOP agenda and got a sense of Republicans’ appetite for conflict during one combative stretch. Biden opened the 72-minute speech with an […]
House Republicans back rules plan without disclosing deals made with hard-right members
WASHINGTON — The U.S. House adopted rules for the 118th Congress on Monday, though several of the concessions Speaker Kevin McCarthy granted to far right members of the Republican Party to secure the gavel weren’t included in the document, or publicly circulated ahead of the vote. The 55-page rules package the House voted nearly party-line 220-213 to adopt sets […]
House Republicans finally pick McCarthy as speaker after tense and chaotic late-night session
WASHINGTON — The U.S. House elected Kevin McCarthy speaker early Saturday after most of the chamber’s Republicans finally gathered behind him, ending a four-day stalemate that led to the most rounds of voting for a speaker since before the Civil War. The California Republican was able to clinch the gavel on the 15th ballot by […]