Texas Sen. Ted Cruz sat with eyes glued to his mobile device as the chaos he provoked ensnared his Republican leaders on the Senate floor.
Will Ted Cruz stage another filibuster?
House Republican leaders are weighing a plan to reverse a recently passed cut to military pensions as the price for increasing the government’s borrowing cap.
The United States has hit its debt ceiling limit.
President Barack Obama spoke with the Wall Street Journal’s CEO Council meeting of nearly 100 chief executives, reiterating that his administration is not “lavishly spending,” and the debt ceiling is more of just a “loaded gun” for politics.
Democrats controlling the Senate proposed Tuesday to avoid future showdowns over the so-called debt ceiling by giving the president authority to authorize additional federal borrowing unless Congress can muster veto-proof margins to block him.
During the lead-up to a compromise by Senate leadership to end the partial government shutdown, more than a dozen senators came and went from Sen. Susan Collins’ office — the hub for the “Gang of 14” pressing for a compromise to end the stalemate, reopen government and avert a Treasury default.
Lawmakers and strategists from the Republican Party’s establishment are lashing out at tea partyers and congressional conservatives whose unflinching demands triggered the 16-day partial government shutdown and sent the GOP’s popularity plunging to record lows.
It took 16 days, but Congress approved a last-minute deal Wednesday to end the government shutdown and avoid a potential U.S. default.
The Dow drops more than 100 points shortly after the opening bell despite Congress reaching an 11th-hour debt ceiling deal.