Debt Ceiling News
Debt Ceiling ! What Is It Good For?
Congress is once again debating whether to raise the debt ceiling, a legal limitation on how much the government can borrow to pay debts to which it has already committed. But what is the debt ceiling, anyway? And do we really need it? Here are...
Trump's Treasury Secretary Pick Steven Mnuchin Says Tax Laws Have to Be 'Simpler and More Effective'
Steven Mnuchin, President-elect Donald Trump’s pick for Treasury secretary, faced tough questioning at his confirmation hearing today, as members of the Senate Finance Committee grilled him on his role in IndyMac, the failed bank that was seized by the U.S. government, and his stance on sanctions.
Charleston Victim's Brother Calls Dylann Roof's Sentence a 'Hollow Victory'
I just want to save it. Today. We hit justice fold my sister. Today we got justice for children. And Henrietta looms over. Joseph endorsing his. Stephen immoral and swindled. So say in the courtroom. This a very hollow victory. Because this is she's still going. Are we stood. This further could
Matthew Dowd Discusses Donald Trump's Win, Future as President
Why was Trump's win such a surprise, and how the polls and data did not reflect the outcome.
The Note: Marco's Moment
NOTABLES --RUBIO DEFLECTS ATTACKS ON PERSONAL FINANCES: Republican presidential candidate Marco Rubio defended himself today against attacks over his personal finances, ABC's RYAN STRUYK and INES DELACUETARA note. "I only have one debt in the world, which is my mortgage on a home for me and my
Mary Bruce is the congressional correspondent for ABC News based in Washington D.C . and contributes to all ABC News programs and platforms including “Good Morning America,” “World News Tonight with David Muir,” “Nightline” and ABC News Digital. Bruce recently served as a multi-platform reporter
Van Jones: 'Ben Carson Bewilders, I Think, Most Black Democrats'
The Powerhouse Roundtable discusses the winners and losers of the CNBC GOP Debate.
Senate Passes Budget Bill, Sends to White House
The Senate has passed a bipartisan budget plan that averts the debt ceiling and sets funding levels for the next two years, 64 votes to 35. The bill now heads to President Obama’s desk, where he is expected to sign it ahead of Tuesday’s debt ceiling deadline. The budget plan suspends the debt
Rand Paul's Budget Deal 'Filibuster' Lasts Less Than 20 Minutes
Sen. Rand Paul ’s so-called “filibuster” against the budget deal, a move his campaign hyped repeatedly and which the Kentucky senator used as a rallying cry at last night’s debate, wasn’t a filibuster at all. In fact, it wasn’t even a long speech. The presidential hopeful took to the Senate floor
New House Speaker Paul Ryan Pledges to Fix 'Broken' House
New Speaker Paul Ryan pledged today to fix the "broken" House of Representatives after winning the leadership election, promising to work with rank-and-file members, committee chairs and Democrats to legislate in the lower chamber. "The House is broken,” the Wisconsin Republican said. “We’re not