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debt limit

Published
May 28, 2023

Debt ceiling deal reached by Biden and Republicans now set to go to Congress

The compromise announced late Saturday risks angering both Democratic and Republican lawmakers as they begin to unpack the concessions.
Published
May 28, 2023

Commentary: The best way to deal with the debt ceiling? Ignore it.

If all of President Biden’s options are unconstitutional, then he should choose the least unconstitutional option.
Published
May 27, 2023

Biden, McCarthy reach ‘agreement in principle’ to raise debt ceiling as default looms

With the outlines of a deal in place, the legislative package could be drafted and shared with lawmakers in time for votes early next week in the House and later in the Senate.
Published
May 27, 2023

Maine Voices: Don’t fall for current MAGA hysteria over the national debt

No other nation has as reliably paid its debts as the United States, and the U.S. has more than enough income to support its debt.
Published
May 26, 2023

Debt ceiling negotiators race to cement deal before June 5 deadline

Even if congressional Republicans and the White House reach an agreement to avert catastrophic default soon, they need time to put it into action.

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Published
May 25, 2023

Democrats’ worry grows over White House approach to debt talks

House Democrats say they want more visibility in what is being discussed and more aggressive pushback from President Biden against Republicans.
Published
May 24, 2023

Impacts of federal debt default could spread through Maine’s workforce, economy

The state has a lot of federal workers, and a lot of retirees and veterans who collect benefits. The biggest worry, though, seems to be in the unknown. The U.S. has never defaulted on its debts.
Published
May 24, 2023

McCarthy says debt ceiling standoff ‘not my fault,’ as White House warns of economic risks

Treasury Secretary Janet Yellen said Wednesday that 'it seems almost certain' that the United States would not make it past early June without defaulting.
Published
May 24, 2023

Anxious retirees, social service groups among those making default contingency plans

Politicians in Washington may be offering assurance that the government will figure out a way to avert default, but around the country, economic anxiety is rising and some people already are adjusting their routines.
Published
May 23, 2023

Debt ceiling talks grind on, but Republicans say there’s a ‘lack of urgency’ from White House

With time short to strike a deal, both sides are laboring to come up with a compromise that could be approved quickly by the Republican House and the Democratic Senate and be signed into law.