The Treasury Department has started employing “extraordinary measures,” but the path to raising the debt ceiling is likely to be a long one.
Author: Alan Rappeport and Emily Cochrane
White House Clarifies Biden’s Coal Remarks After Outrage From Manchin
President Biden drew backlash from Senator Joe Manchin III, a fellow Democrat, for saying that an energy transition would mean shutting down coal plants.
Debt Ceiling Window Is Narrowing, Bipartisan Policy Center Warns
The United States could default as soon as Dec. 21 if Democrats and Republicans fail to extend the Treasury Department’s borrowing authority.