Latest National debt News

Treasury warns of need to deal with national debt limit

May. 05, 2021 09:56 AM EDT

WASHINGTON (AP) — The Treasury Department says it will employ measures to avoid an unprecedented default on the national debt this summer, but officials say those measures could be exhausted “much more quickly” than normal given the unusual circumstances of the global pandemic. ...

McConnell says GOP open to $600 billion for infrastructure

May. 03, 2021 16:33 PM EDT

LOUISVILLE, Ky. (AP) — Senate Minority Leader Mitch McConnell, R-Ky., said Monday that Republicans are willing to spend up to $600 billion on infrastructure, far less than President Joe Biden is seeking, even as he ruled out supporting a higher corporate tax rate to pay for it. ...

Wyoming lawmakers again vote to reject Medicaid expansion

Mar. 31, 2021 15:24 PM EDT

CHEYENNE, Wyo. (AP) — Wyoming lawmakers have once again voted against expanding the federal Medicaid health insurance program to cover more people in the state. The all-Republican Senate Labor, Health and Social Services Committee voted 3-2 Wednesday to kill a Medicaid...

Path from Clinton to Biden takes U-turn on debt, trade, more

Mar. 28, 2021 07:48 AM EDT

WASHINGTON (AP) — When Bill Clinton spoke of how to build a bridge to the 21st century, it was to be constructed with balanced budgets, welfare recipients who found jobs and expanded global trade. Three decades later, President Joe Biden is dealing with harsh 21st...

Editorial Roundup: Louisiana

Mar. 24, 2021 15:44 PM EDT

Recent editorials from Louisiana newspapers: ___ March 24 The Advocate on the national debt and the question of bringing back budget earmarks: The federal debt has surged with the triple whammy of all time,...

Yellen sees room for US to borrow, opens door to tax hike

Mar. 24, 2021 13:57 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen believes the U.S. government has more room to borrow, but said higher taxes would likely be required in the long run to finance future spending increases. Yellen appeared Wednesday before the Senate Banking Committee...

Editorial Roundup: Alabama

Mar. 24, 2021 08:18 AM EDT

Recent editorials from Alabama newspapers: ___ March 21 The Decatur Daily on U.S. Sen Richard Shelby and a proposed balanced budget amendment: U.S. Sen Richard Shelby has been in office since 1987. Last month,...