Tag: National debt
CBO projects federal deficit will hit $3 trillion this year
The Congressional Budget Office says that the federal budget deficit will again hit $3 trillion this year, $745 billion more than its estimate five...
Yellen: Failure to raise debt limit would be ‘catastrophic’
WASHINGTON — Treasury Secretary Janet Yellen told a congressional panel Wednesday that failing to raise the federal debt ceiling would have “catastrophic consequences” that...
Yellen: Failure to raise debt limit would be ‘catastrophic’
WASHINGTON — Treasury Secretary Janet Yellen told a congressional panel Wednesday that failing to raise the federal debt ceiling would have “catastrophic consequences” that...
Treasury warns of need to deal with national debt limit
WASHINGTON — The Treasury Department says it will employ extraordinary measures to avoid an unprecedented default on the national debt this summer, but officials...
McConnell says GOP open to $600 billion for infrastructure
LOUISVILLE, Ky. — Senate Minority Leader Mitch McConnell, R-Ky., said Monday that Republicans are willing to spend up to $600 billion on infrastructure, far...
Path from Clinton to Biden takes U-turn on debt, trade, more
WASHINGTON — When Bill Clinton spoke of how to build a bridge to the 21st century, it was to be constructed with balanced budgets,...
