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The most recent debates over increasing the nation’s borrowing authority generally have been contentious but resolved before markets started to panic. But this year, a new Republican majority in the
A new Republican majority in the House is itching for a spending showdown. They blame what they view as excessive federal spending for inflation and for the growing national debt
WASHINGTON (AP) -- Fights over increasing the nation's borrowing authority have been contentious in Congress, yet follow a familiar pattern: Time and again, lawmakers found a way to step back from the brink before markets began to panic and the nation risked a dangerous default on its debt.
Fights over increasing the nation’s borrowing authority have been contentious in Congress, yet follow a familiar pattern: Time and again, lawmakers found
This year’s debt ceiling debate has a different feel to it for some lawmakers.