Default Act News Today

Washington, D.C. —On May 31, 2023, U.S. Congressman Sean Casten (IL-06) voted for the Fiscal Responsibility Act, legislation that raises the debt limit until 2025.

The End the Threat of Default Act would eliminate the manufactured debt limit crisis that is used as a political weapon to damage Democratic presidents.

New Mexico’s Democratic governor and senators responded to the debt ceiling bill passed by the House Wednesday. The bill seeks to extend the debt limit with budgetary cuts some have called “draconian.” New Mexico’s senators refer to the bill as the “Default on America Act.” HR 2811, also known as the Limit, Save Grow Act […]

The U.S. debt ceiling is a relic from another time that serves no useful purpose and should be ...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Legislation sponsored by House Democrats would eliminate limits on federal government spending by repealing the debt ceiling.

Dozens of House Democrats are supporting a bill that would eliminate the debt ceiling and allow the federal government to borrow whatever it needs to pay its bills.

Republicans and Democrats agree to temporarily avert default

Republicans and Democrats agree to temporarily avert default

Republicans and Democrats agree to temporarily avert default