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Biden and congressional leaders fail to reach a debt limit deal, but will meet again Friday
WASHINGTON — President Joe Biden and top congressional leaders were unable to reach a bipartisan debt limit agreement during a closed-door meeting Tuesday, leaving the dispute unresolved as the country moves closer to a default predicted as soon as early June. White House staff and aides to the four congressional leaders, however, will meet throughout […]
U.S. could default as early as June 1, Yellen warns Congress
WASHINGTON — U.S. Treasury Secretary Janet Yellen warned Monday that the U.S. could default in as soon as one month if Congress does not act to raise the nation’s borrowing limit — a prediction that prompted President Joe Biden to call a meeting with congressional leaders next week. In a letter to lawmakers, Yellen wrote […]
Nancy Pelosi, first woman to serve as speaker of the U.S. House, steps down from leadership
WASHINGTON — U.S. House Speaker Nancy Pelosi, who became the first woman in history to hold the gavel, shepherding landmark bills across four presidencies, announced Thursday she’ll step aside from leadership though she’ll remain in Congress. “With great confidence in our caucus, I will not seek reelection to Democratic leadership in the next Congress,” she […]