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."
Newsom said Sunday he supports increased access to condoms for teens, but vetoed the bill because it would have cost too much.
Israel’s military ordered a complete siege on the Gaza Strip on Monday, halting entry of food, fuel and supplies to its 2.3 million people as it pounded the Hamas-ruled territory with waves of airstrikes in retaliation for the militants’ bloody weekend incursion.
Donald Trump’s lawyers asked a New York appeals court Friday to halt his Manhattan civil fraud trial while they fight a court ruling that calls for dissolving companies that control some of the former president’s most prized assets, including Trump Tower.
A witness claimed that former president Donald Trump revealed potentially sensitive information about U.S. military capabilities to a former businessman.
The Securities and Exchange Commission is suing Elon Musk to compel testimony about his purchase of Twitter.
A private memorial service for Sen. Dianne Feinstein drew crowds outside of San Francisco's City Hall.
A Wisconsin man was arrested for illegally bringing a loaded gun to the Wisconsin capitol and hours later bringing an assault rifle.
A witness claimed that former president Donald Trump revealed potentially sensitive information about U.S. military capabilities to a former businessman.
The Biden administration is going to resume deporting migrants to Venezuela.
Former President Donald Trump is officially backing Rep. Jim Jordan of Ohio, the pugnacious House Judiciary Committee chairman and longtime Trump defender, to succeed Kevin McCarthy as House speaker.
