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Treasury Secretary Janet Yellen has informed Congress that the U.S. could default on payments as early as June 1. Congress, or possibly Biden unilaterally, will have to act to lift or suspend that cap. House Republicans have insisted that they won’t allow this to happen without the imposition of dra...
Amid the continued gridlock on Capitol Hill over the debt limit ceiling, House Democrats have unveiled a clandestine ...
The California congressman may have developed a strategy to defeat GOP debt-ceiling hostage-taking.
House Democratic leaders who have been quietly planning a strategy to force a debt ceiling increase to avert default began taking steps on Tuesday to deploy their secret weapon.
"The only clue to the gambit was in the title of the otherwise obscure hodgepodge of a bill: 'The Breaking the Gridlock Act,'" the New York Times reports."But the 45-page legislation, introduced without fanfare in January by a little-known Democrat, Representative Mark DeSaulnier of California,