Biden enlists big bank CEOs, AARP in push to raise debt ceiling 12 days before deadline
President Joe Biden will on Wednesday escalate his call for Congress to address the debt ceiling in a meeting with some of Wall Street's top CEOs.
Biden is expected to ask the private sector to keep pressure on Republicans to back off their threat to filibuster a bill proposed via regular Senate procedure. The White House meeting, which will include a mix of virtual and in-person attendees, marks a new level of urgency in the administration's efforts to avoid what economists see as guaranteed economic turmoil. Congress has only 12 days—until October 18—to suspend or lift the debt limit before the U.S. defaults on its debt for the first time ever, according to Treasury Department estimates.
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Biden says Democrats changing filibuster rules to raise debt ceiling a 'real possibility'President Biden told reporters Tuesday night that it's a 'real possibility' Senate Democrats could change the chamber's filibuster rules to overcome Republican obstruction to raising the debt ceiling, per a pool report.Why it matters: Overhauling the rules could help Democrats 'stave off a potential, calamitous default roughly two weeks before a critical fiscal deadline,' the Washington Post notes.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for fre
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Biden calls out Republicans for refusing to help raise debt ceilingPres. Biden delivers remarks on debt ceiling: “Republicans in Congress raised the debt three times when Donald Trump was president and, each time, with Democratic support. But now, they won’t raise it.”
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Biden Says ‘Real Possibility’ Senate Democrats Change Filibuster Rules To Raise Debt CeilingThe off-the-cuff remarks are a notable shift in the president's thinking as Democrats are frustrated by GOP efforts to prevent a simple majority vote on agenda.
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Biden Just Reversed a Trump-Era Domestic Gag Rule on AbortionHere's what that means.
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Joe Biden heading toward clash with progressives over Hyde AmendmentPresident Joe Biden said Tuesday evening he would sign his sweeping economic bill if it were to be passed by Congress, regardless of whether the Hyde Amendment is included in the measure. The Hyde Amendment blocks federal funds for abortions. Read more:
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