Federal Budget (US)
Why Hitting the Debt Ceiling Would Be Very Bad for the U.S. Economy
WASHINGTON — Washington and Wall Street are bracing for a revival of brinkmanship over the nation’s statutory debt limit, raising fears that the fragile U.S. economy could be rattled by a calamitous self-inflicted wound. For years, Republicans have sought to tie spending cuts or other concessions from Democrats to their votes to lift the borrowing […]
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U.S. Will Hit Debt Limit Jan. 19, Yellen Tells Congress
WASHINGTON — Treasury Secretary Janet L. Yellen warned on Friday that she would have to begin employing “extraordinary measures” to continue paying the nation’s bills this month if lawmakers do not act to raise the statutory debt limit and that her powers to delay a default could be exhausted by early June. Ms. Yellen’s letter […]
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Did Aliens Land on Earth in 1945? A Defense Bill Seeks Answers.
Dr. Vallée began studying the Trinity incident several years ago alongside a journalist, Paola Harris, and interviewed people who claimed to have witnessed the crash. Dr. Vallée and Ms. Harris chronicled their research in a book, “Trinity: The Best-Kept Secret,” including the details of the avocado-shaped object. They also spoke to witnesses who said they […]
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Democrats’ Long-Sought Plan for Lowering Drug Costs Is at Hand
WASHINGTON — For decades, as prescription drug costs have soared, Democrats have battled with the pharmaceutical industry in pursuit of an elusive goal: legislation that could drive down prices by allowing Medicare to negotiate directly with drug makers. Now they are on the verge of passing a broad budget bill that would do just that, […]
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Analysis Deems Biden’s Climate and Tax Bill Fiscally Responsible
After more than a year of trying — and failing — to pack much of President Biden’s domestic agenda into a single tax-and-spend bill, Democrats appear to have finally found a winning combination. They’ve scrapped most of the president’s plans, dialed down the cost and focused on climate change, health care and a lower budget […]
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Democrats’ Climate Deal Isn’t Done Yet. Here Are the Remaining Hurdles.
“We have a good, balanced piece of legislation. It’s taken me eight months to get here,” Mr. Manchin said. “The process is what it is. You respect the process, and we’ll see what happens.” In a notice reviewed by The New York Times, Democratic floor staff offered some advance advice for senators and their aides […]
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How Joe Manchin Left a Global Tax Deal in Limbo
WASHINGTON — In June, months after reluctantly signing on to a global tax agreement brokered by the United States, Ireland’s finance minister met privately with Treasury Secretary Janet L. Yellen, seeking reassurances that the Biden administration would hold up its end of the deal. Ms. Yellen assured the minister, Paschal Donohoe, that the administration would […]
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Manchin Dangles Hopes of a Future Compromise. Democrats Revolt.
WASHINGTON — It was a familiar, if excruciating, position for Democrats. A day after pulling the plug on his party’s plans to pass a climate, energy and tax package this summer, Senator Joe Manchin III of West Virginia, the conservative-leaning Democrat who has repeatedly flirted with compromise only to scuttle his party’s highest ambitions, called […]
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Democrats Propose Raising Taxes on Some High Earners to Bolster Medicare
WASHINGTON — Senate Democrats will push to raise taxes on some high-earning Americans and steer the money to improving the solvency of Medicare, according to officials briefed on the plan, as they cobble together a modest version of President Biden’s stalled tax and spending package. The proposal is projected to raise $203 billion over a […]
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