National Debt News
News and analysis on the national debt, federal budgets, and fiscal responsibility. The Daily Signal combines reporting with conservative commentary.
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news
Debt Ceiling Negotiations ‘Still Far Apart,’ McCarthy Says
House Speaker Kevin McCarthy, R-Calif., says that “there’s a number of places that we’re still far apart” on the debt ceiling as negotiations continue in the nation’s capital. “I mean, it didn’t seem like it’d be this hard. I remember even talking to the incoming Democratic leader before I was even speaker about ways that… -
opinion
Rebutting 7 False Claims in Debt Limit Fight
Following a number of rounds of discussions between House Republican officials and the Biden administration, the two sides still haven’t reached an agreement on increasing the federal debt limit. House Speaker Kevin McCarthy, R-Calif., described a Monday evening conversation at the White House, however, as “productive.” An important factor surrounding the issue is McCarthy’s negotiating… -
news
‘It Is Possible to Get Deal by End of Week,’ McCarthy Says of Debt Limit Talks
President Joe Biden and Vice President Kamala Harris met with congressional leaders at the White House on Tuesday to discuss raising the debt ceiling as the U.S. inches closer to a potential default on the national debt in the coming weeks. “It is possible to get a deal by the end of the week. It’s… -
opinion
Democrats’ Debt Ceiling Position Makes Zero Sense
“If you buy a car,” White House press secretary Karine Jean-Pierre explained the other day, “you are expected to pay the monthly payment. … It’s that simple.” Is it? Now, obviously, those who argue that the president can cancel millions of student loans by decree aren’t in a position to offer lessons on personal responsibility…. -
news
‘Nothing Has Changed’ Since Feb. 1 Meeting, McCarthy Says on Debt Ceiling
President Joe Biden met with Republican and Democrat leaders Tuesday to discuss the debt ceiling as the U.S. could “run out of cash” in less than a month. Biden met with House Speaker Kevin McCarthy, R-Calif.; Senate Minority Leader Mitch McConnell, R-Ky.; Senate Majority Leader Chuck Schumer, D-N.Y.; and House Minority Leader Hakeem Jeffries, D-N.Y.,… -
news
Economist Estimates Exact Date US ‘Will Run Out of Cash’ Amid Debt Ceiling Debate
The U.S. “will run out of cash to pay all the government’s bills on time” on June 8, according to Mark Zandi, chief economist at Moody’s Analytics. “First, by my calculation, the ‘x’ date, the day in which the Treasury will run out of cash to pay all the government’s bills on time, will be June the 8th,” Zandi said… -
opinion
House Republicans ‘Did What They Had to Do’ on Debt Ceiling, CEO Says
The U.S. may “potentially” default on its debt “as early as June 1, if Congress does not raise or suspend the debt limit before that time,” Treasury Secretary Janet Yellen said in a letter Monday to House Speaker Kevin McCarthy, R-Calif. Alfredo Ortiz, president and chief executive officer of the nonpartisan Job Creators Network, says… -
opinion
Here Are Winners, Losers If House’s Debt Ceiling Plan Becomes Law
The House of Representatives passed the Limit, Save, Grow Act on Wednesday, marking a significant victory for House Speaker Kevin McCarthy, R-Calif. McCarthy managed to corral just enough votes to secure a slim 217-215 majority in favor of the deficit-reducing bill. The Congressional Budget Office estimated Monday that the legislation would reduce the budget deficit…