Why we have a debt ceiling, and why this trip to the brink may be different
Why we have a debt ceiling, and why this trip to the brink may be different Enlarge this image toggle caption J. Scott Applewhite/AP J. Scott Applewhite/AP Don't stop me, even if you've heard this one. But this time the House's new Republican majority is largely driven by a faction that says it will hold the debt limit vote as a hostage to win policy changes. "Without qualification, the debt limit must be increased or suspended, and it should be done as quickly as possible," said Maya MacGuineas this week. But precisely because the deficit hawks have lost so many past battles over budgeting and appropriating, some now turn to more radical measures such as government shutdowns or the refusal to raise the debt limit. Sponsor Message In 2013, with control of Congress still split, Republicans threatened to block a debt limit increase unless Democrats agreed to restrain or repeal the Affordable Care Act.
US debt ceiling deal: What's in it and why is the country not out of trouble yet?
Discover Related
Senate GOP passes budget plan, setting up a critical next phase for Trump agenda
Senate takes up a budget plan crafted by Republicans to advance Trump’s agenda
US risks defaulting on debt by August, warns Congressional watchdog
As debt ceiling looms, the Fed considers tweaking its portfolio runoff
Democratic Party Fractures In Government Shutdown Fight, With Anger Running High
House GOP leaders pull their own budget bill before speaker resurrects it minutes later
Cutting Medicaid and raising the debt limit: Mike Johnson struggles to get Republicans behind Trump’s budget
The House Wants to Pass Trump’s Agenda in One Big Bill. Here’s What’s in It.
Trump takes swipe at Lindsey Graham as he takes sides on budget plan
House's budget bill already facing concerns — even within GOP: report
Opinion: Extend Trump’s 2017 tax cuts to promote growth, but cut spending too
Republicans Say Debt Is Destroying America, But Their Budget Plan Could Balloon It
Democrats in Congress Will Soon Be Able to Actually Do Something to Pressure Trump
Economist slams Trump’s latest tax cut demand as 'major strategic error'
'Stark role reversal': Dems plan to flip GOP's own tactic in effort to stymie Trump
Swing-district Republicans fear 'worst-case scenario' in big MAGA budget bill
Lael Brainard’s ‘Crisis Management Agency’ — and Her Warning For Trump