WASHINGTON, July 22 (KUNA) -- US President announced Monday that a deal has been reached on a two-year Budget and Debt Ceiling
. "I am pleased to announce that a deal has been struck with Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, Speaker of the House Nancy Pelosi, and House Minority Leader Kevin McCarthy - on a two-year Budget and Debt Ceiling
, with no poison pills," Trump said in a tweet.
(Alliance News) - US Treasury Secretary Steven Mnuchin said he does not expect there to be a government shutdown this year and that politicians will agree to raise the debt ceiling
Ted Cruz, R.-Tex., have tried to prevent the debt ceiling
from being raised due to concerns about government spending.
The United States borrows 46 cents for every dollar it spends, and despite congressional approval of the expenditures, a few members cling to a self-imposed debt ceiling
, insisting that partial default may bring new discipline and spending priorities.
He has refused to negotiate anything unless the Republicans fully fund the government and raise the debt ceiling
Blackstone Group President and COO Tony James talked to Scott Pelley about the debt ceiling
Summary: World Bank chief Jim Yong Kim warned on Saturday that the United States was headed toward peril as politicians failed again to resolve a standoff over the budget and debt ceiling
The current political deadlock over the US budget and debt ceiling
could impact the credibility of the dollar, QNB said in a report.
Dubai: A government shutdown has far different implications from a failure to raise the debt ceiling
and its consequences are far reaching.
WASHINGTON -- President Barack Obama warned Tuesday that world leaders were nervous Republicans would "blow up" the US economy, and vowed not to budge on his demand for the debt ceiling
to be lifted without conditions.
IMF chief economist Olivier Blanchard said a failure to lift the nation's debt ceiling
would lead to dramatic cuts in government spending and "probably ...
So far, the horrific potential consequences of not raising the debt ceiling
-- leaving Uncle Sam with no cash to pay his bills, triggering a likely US recession and possible global economic contagion -- have forced debt hawk conservatives to go along.