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."
Most GOP-controlled states have already imposed bans, including 14 at every stage of pregnancy.
Former Texas Republican Congressman Will Hurd announced he is running for president.
The Supreme Court ruled that a man convicted to 27 years in prison on gun charges won't be able to challenge his conviction.
A Florida judge has struck down a ruling that banned Medicaid payments for transgender healthcare in the state.
A Moscow court on Thursday ruled that Wall Street Journal reporter Evan Gershkovich must remain in jail on espionage charges until at least late August, rejecting the American journalist’s appeal to be released.
The Supreme Court ruled against the Navajo Nation on Thursday in a dispute involving water from the drought-stricken Colorado River.
A resolution to impeach President Joe Biden is likely to face a House vote this week as House Speaker Kevin McCarthy remains opposed to it right now.
Supreme Court Justice Samuel Alito accepted a 2008 trip to a luxury fishing lodge in Alaska from two wealthy Republican donors, one of whom repeatedly had interests before the court, and he did not disclose the trips on his financial disclosure for that year, ProPublica reports.
President Joe Biden made his first public comments about his son Hunter Biden's plea deal with federal prosecutors on two misdemeanor tax charges. This follows several critical comments by Republicans, who blasted the agreement as a "sweetheart deal."
A federal judge struck down Arkansas' first-in-the-nation ban on gender-affirming care for children as unconstitutional Tuesday, the first ruling to overturn such a prohibition as a growing number of Republican-led states adopt similar restrictions.
