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."
Appearing on CNN's "State of the Union," Sen. Bernie Sanders on Sunday said President Joe Biden is headed for a "landslide" victory in 2024, as long as Democrats remain "stronger on working-class issues."
A first-of-its-kind federal investigation has found two hospitals put a pregnant woman's life in jeopardy and violated federal law by refusing to provide an emergency abortion when she experienced premature labor at 17 weeks.
President Joe Biden is set to host President Ferdinand Marcos Jr. of the Philippines for White House talks Monday as concerns grow about the Chinese navy's harassment of Philippine vessels in the South China Sea.
While doctors fear the dangers of untrained people managing their own hormone replacement therapy, a growing number of transgender people say they see no other option for life-saving care.
Abortion bans in deeply conservative Nebraska and South Carolina each fell a single vote short of passing in their legislatures amid heated debates among Republicans.
Senate Republicans on Thursday blocked a Democratic measure to revive the Equal Rights Amendment, dealing yet another blow to supporters who have pushed for more than five decades to amend the Constitution to prohibit discrimination based on sex.
Former Vice President Mike Pence testified Thursday before a federal grand jury investigating efforts by then-President Donald Trump and his allies to overturn the results of the 2020 presidential election, according to a person familiar with the matter.
Iran reportedly seized another oil tanker in the Gulf of Oman, according to the U.S. Navy.
Transgender lawmaker Zooey Zephyr was barred from participating on the House floor as Republican leaders voted Wednesday to silence her for the rest of 2023 session.
