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The new debt ceiling law means the next president and Congress will need to act on a default deadline, as well as Obamacare and Trump tax cuts, after the 2024 election.
- Senior National Political Reporter
- 8 min
Jun 24, 2024 · As the national debt soars toward a new and worrisome record, neither President Biden nor former president Donald Trump is likely to bring the tide of red ink under control, experts say.
- Jacob Bogage
Over the weekend, President Joe Biden and House Speaker Kevin inked a deal that would suspend the debt ceiling until 1 January 2025 and also secure modest spending cuts across the government.
May 29, 2023 · President Joe Biden and House Speaker Kevin McCarthy reached final agreement Sunday on a deal to raise the nation’s debt ceiling and worked to ensure enough Republican and Democratic votes to pass the measure in the coming week.
Jun 1, 2023 · The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting what would have been a first-ever...
Jun 2, 2023 · Washington — Lauding it as a "crisis averted," President Biden addressed the nation from the Oval Office on Friday night after both chambers of Congress passed an agreement to suspend the debt...
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Jun 4, 2023 · With just two days to spare, President Joe Biden signed legislation on Saturday that lifts the nation's debt ceiling, averting an unprecedented default on the federal government's debt.
