Congress likely can't afford to wait until October 18 to raise the debt ceiling. Here's why.
CNN
Congress is staring down a potential financial catastrophe with no clear resolution in sight.
The debt limit must be either raised or suspended soon with Treasury Secretary Janet Yellen warning lawmakers that the federal government will likely run out of cash by October 18 unless Congress raises the debt ceiling. But they might not even have that long.
And Democrats and Republicans are at an impasse over how to fix the problem. Republicans argue that Democrats, who control both chambers of Congress and the White House, should address the issue on their own without GOP votes, while Democrats insist the issue is a shared bipartisan responsibility.
A suspected thief gulped down two pairs of diamond earrings during his arrest on the side of a Florida Panhandle highway last week, detectives say, leaving them with the unenviable task of waiting to “collect” the Tiffany & Co. jewelry worth nearly $770,000.
Karim Walji is certain he is about lose business. Worried he may have to shrink his workforce — fire people — for the first time in eight years. He blames President Donald Trump and what Walji sees as a reckless power trip.
The president could sign the order as early as Thursday. He would need support from Congress to get it done.
For more than a year, mystery shrouded the case of three friends who were found dead outside a Kansas City home after watching a Chiefs football game on a below-freezing winter night. On Wednesday, two men were charged with killing them, prosecutors said.
There’s a new contender for the world’s most expensive crunchy snack.
A truck driver who killed seven farmworkers when he crashed into a parked van on Interstate 5 in Oregon was sentenced on Tuesday to nearly 50 years in prison.
Two Detroit children who recently died in a van in below-freezing temperatures were victims of carbon monoxide, not exposure to cold weather, authorities said Wednesday.
A workers’ board is reinstating – at least temporarily – almost 6,000 fired probationary workers from the Department of Agriculture, according to a newly issued order obtained by CNN.
The Trump administration
When President Donald Trump declared in the House Chamber this week that executives at the nation’s top automakers were “so excited” about their prospects amid his new tariff regime, it did not entirely reflect the conversation he’d held with them earlier that day.
The mayors of four so-called “sanctuary cities” faced tough questions from lawmakers about their policies toward immigrants and how they work with Immigration and Customs Enforcement at a House Oversight and Government Reform Committee on Wednesday.
Seven people accused of killinga 24-year-old man in upstate New York subjected him to weeks of torture that included sexual assault, forcing him to eat feces and pouring bleach on him, prosecutors said Wednesday.
House Republicans are moving to immediately to punish the Texas Democrat who was removed from the House chamber for repeatedly disrupting President Donald Trump’s speech.