WASHINGTON (AP) — What might it take to get President Joe Biden and Congress to reach a deal on raising the debt limit?
According to several economists and a former White House official, the financial markets might need to crash before lawmakers are forced to act.
Every other time before, Congress has found agreement on the debt ceiling. The question now, in a period of ever-increasing political polarization, is whether today is different.
Republicans and Democrats have been dancing around each other about the need to raise the government’s legal borrowing authority.
That maneuvering could last for several more months until the last possible moment, when the federal government would hit a currently unknown “X-date” and be unable to pay its bills.
-
Pacers president Kevin Pritchard shares update on Tyrese Haliburton's recovery
Pacers star guard Tyrese Haliburton missed the entire 2025-26 Pacers season as he recovered from his torn Achilles that he suffered in Game 7 of the 2025 NBA Finals.
Fever stars Aliyah Boston, Caitlin Clark lead WNBA All-Star fan voting
Fever star center Aliyah Boston and star guard Caitlin Clark are first and second, respectively, in WNBA All-Star fan voting.
Storms and heavy rain to finish the week, scorching heat and humidity
Rain chances return to the forecast in the coming days. Flooding is something to monitor south of I-70.
New chairman vows to 'heavily scrutinize any requests' from Indiana utilities
The newly appointed chairman at the Indiana Utility Regulatory Commission vowed to “heavily scrutinize any requests” from utilities to increase their rates.
