The rating agency demoted the US government’s creditworthiness to AA+, its second-highest ranking, on Aug. 1, 2023.
NEPA requires federal agencies to analyze environmental impacts of projects like interstate highway construction.
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J.B. Ruhl, Vanderbilt University and James Salzman, University of California, Los Angeles
Do environmental reviews improve projects or delay them and drive up costs? Two legal scholars explain how the law works and how it could influence the ongoing transition to renewable energy.
Will the debt ceiling bill negotiated by President Joe Biden, left, and House Speaker Kevin McCarthy be a lasting solution?
AP Photo/J. Scott Applewhite
The news media spent a lot of time reporting on how much progressive Democrats and conservative Republicans didn’t like the debt ceiling deal. But centrists had enough votes to pass it in the House.
House Speaker Kevin McCarthy has billed the deal as a victory for his party.
AP Photo/J. Scott Applewhite
The deal would raise the ceiling for two years, cap some federal spending and impose new work requirements on certain federal benefits. It still needs the blessing of Congress.
‘Default doomscrolling’ again, Mr. Powell?
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Adults insured by Medicaid who are 19 to 55 years old and don’t have children or other dependents would need to spend 80 hours a month doing paid work, job training or community service.
Treasury Secretary Janet Yellen doesn’t want to look back in anger over a debt deadline missed.
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House Speaker Kevin McCarthy agreed to raise the debt ceiling – and avoid an unprecedented US default – but only if Democrats agree to freeze spending and agree to several other demands.
Bill Clinton, at right, oversaw the first balanced budget since 1969, with some help from a bipartisan deal with Newt Gingrich.
AP Photo/Doug Mills
House Speaker McCarthy wants to put the US on a path to a balanced budget as debt ceiling negotiations begin with President Biden. Here’s why it won’t be easy to repeat what Bill Clinton accomplished.
Putting your money where his mouth is.
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As President Biden begins meeting with congressional leaders to resolve the debt ceiling showdown, an economist warns the consequences of a default could be dire.
Would a default mean an end to the dollar’s position as the go-to trading currency?
AP Photo/Jacquelyn Martin
The US government reached the limits of its borrowing capacity in March and is fast approaching the point at which it will no longer be able to pay all its bills. What’s the big deal?
Sometimes it’s not a good thing to have a roof over our heads.
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