[ad_1] CNN — Every American could get hurt if the new hardline Republican House’s dangerous game of roulette with a still vulnerable economy backfires. The nation reaches a first, critical threshold Thursday in the brewing Washington showdown over the national debt that could define the tenure of the new GOP …
Read More »Debt ceiling: 6 things you should know as the deadline looms
[ad_1] CNN — The clock is now ticking on the nation’s debt ceiling drama. The US is expected to hit its borrowing cap as soon as Thursday, though it will not immediately start to default on its debt and set off a financial crisis. But it does mean that Congress …
Read More »Lawmakers should prepare for one-week funding stopgap as negotiations continue, Schumer says
[ad_1] CNN — The House and Senate are expected to pass a short-term extension to avert a shutdown, which would give negotiators more time to try to secure a broader full-year funding deal. Senate Majority Leader Chuck Schumer said on Monday that senators should be prepared to take “quick action” …
Read More »Congress faces time crunch on government funding and sweeping defense policy bill
[ad_1] CNN — Lawmakers on Capitol Hill are scrambling to try to fund the government and pass a sweeping defense policy bill before a new Congress is sworn in, but there are signs that both sides have struggled to reach agreement over these key outstanding issues. Government funding expires at …
Read More »A recipe for gridlock: Lawmakers brace for partisan feuds and legislative stalemate
[ad_1] CNN — Michigan Democratic Sen. Debbie Stabenow has seen this before. Nearly a dozen years ago when Barack Obama was president, a newly emboldened House GOP majority came to power, promising to rein in the Democratic agenda, cut spending and investigate a White House they believed had run rampant. …
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