On the latest What Next: Get ready to hear the term “discharge petition” thrown around a lot.
The U.S. has hit the debt ceiling—again And with Congress divided, it’s unclear when or how the government will get approved to borrow more.Why is this perennial fight coming back around now? And what happens—locally and to the world economy—if the U.S. Treasury defaults?If you enjoy this show, please consider signing up for Slate Plus.
Slate Plus members get benefits like zero ads on any Slate podcast, bonus episodes of shows like Slow Burn and Amicus—and you’ll be supporting the work we do here on What Next. Sign up now atPodcast production by Elena Schwartz, Carmel Delshad, and Madeline Ducharme, with help from Anna Phillips, Tori Dominguez, Jared Downing, and Laura Spencer.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Debt ceiling kabuki: Republicans will cave and U.S. government finances will get even worseHere we go again. Treasury Secretary Janet Yellen warns that the federal government’s borrowing limit has been reached.
Read more »
Debt Ceiling Looms Over Capitol as Congress Returns to WorkA deeply divided Congress returns to work this week, pushing ahead with partisan priorities while also gearing up for a fight over raising the debt ceiling
Read more »
Democrats may have to bend on negotiations with GOP on debt ceilingStrategists and policy experts in both parties believe Democrats will have to come to the bargaining table soon to negotiate a debt ceiling deal that would avoid an economic catastrophe. Pre…
Read more »
U.S. lawmakers preparing plan to avert debt-ceiling crisisA bipartisan group of U.S. lawmakers is preparing a plan to defuse a looming crisis over the nation's debt ceiling by changing it from a fixed dollar amount a percentage of national economic output, the group's top Republican said on Sunday.
Read more »
Here's what will happen to the economy as the debt ceiling drama deepens | CNN BusinessAfter the US hit its debt ceiling, the Treasury Department is now undertaking “extraordinary measures” to keep paying the government’s bills. So what would happen to the economy in a worst-case scenario of default?
Read more »
Manchin says it would be a 'mistake' not to negotiate with Republicans on debt ceilingSen. Joe Manchin (D-WV) opposed the White House, openly calling for negotiations between Democrats and Republicans regarding the debt ceiling.
Read more »