The U.S. has surpassed its $31.4 trillion debt limit, leading the Treasury Department to implement extraordinary measures.
Treasury Secretary Janet Yellen notified Congressional leadership Thursday morning that she would begin implementing stopgap options to keep the government funded and avoid default. However, she has stressed the measures can only be used for a limited amount of time, likely through June.
Yellen has said it’s critical Congress act in a timely manner, warning that failure to address the debt ceiling would cause irreparable harm to the U.S. economy.
"I respectfully urge Congress to act promptly to protect the full faith and credit of the United States," Yellen wrote in Thursday’s letter to congressional leaders.
Republicans, led by House Speaker Kevin McCarthy, are looking to use the additional time to negotiate with Democrats; they are hoping to cut spending in exchange for raising the debt ceiling. But, Democrats are so far refusing to make concessions.
"It is something that should be done without concessions. We should not be negotiating around it," White House Press Secretary Karine Jean-Pierre told reporters Wednesday. "It is the basic duty of Congress to get that done."
Members of a deeply conservative Amish community in Minnesota don't need to install septic systems to dispose of their “gray water,” the state Court of Appeals ruled Monday in a long-running religious freedom case that went all the way up to the U.S. Supreme Court.
The Associated Press reveals findings from SCOTUS ethics investigation.
Lawyers for former President Donald Trump are asking a judge to postpone his criminal trial without setting a new date as he stands accused of illegally hoarding classified documents at his Florida estate.
A court-appointed monitor is urging a judge to begin contempt proceedings against New York City over conditions at the troubled Rikers Island jail complex, setting the stage for a potential federal takeover of the jail system in the nation’s most populous city.
The Biden administration aims to control hidden healthcare fees.
Kansas must stop allowing transgender people to change the sex listed on their driver’s licenses, a state-court judge ordered Monday as part of a lawsuit filed by the state’s Republican attorney general.
President Joe Biden and King Charles III, two leaders who waited decades to reach the pinnacle of their careers, used their first meeting in those roles Monday to zero in on the generational challenge of climate change, prodding private companies to do more to bolster clean energy in developing countries.
Treasury Secretary Janet Yellen returned from China after a four-day trip there, calling it a "constructive visit."
Former Tennessee State Sen. Roy Herron died from injuries sustained in a jet ski accident.
Former New Jersey Gov. and current Republican presidential candidate Chris Christie took aim at Donald Trump, calling him a "three-time loser." He also criticized the probe against Hunter Biden and gave his stance on Social Security.
