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US budget

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  • Wednesday, 15 December, 2021
    US politics & policy
    Congress votes to lift US debt ceiling to narrowly avoid default

    Proposal to raise government borrowing limit by $2.5tn passes both chambers just before deadline

  • Wednesday, 8 December, 2021
    US politics & policy
    Congressional leaders open way for deal to raise US debt ceiling

    Bill would stave off default and government shutdown that threaten to ‘eviscerate’ economic recovery

  • Friday, 3 December, 2021
    US government shutdown
    Congress votes to avert US government shutdown

    Several Republicans threatened to refuse funding in protest against Covid rules for businesses

  • Tuesday, 30 November, 2021
    US politics & policy
    Biden faces US legislative logjam in run-up to Christmas

    Clock is ticking for Democrats to pass $1.75tn spending bill, avert a government shutdown and avoid default

  • Sunday, 21 November, 2021
    US politics & policy
    Inflation fears hang over Biden’s social spending plans

    President’s legislative victories are being overshadowed by concern over rising prices

  • Friday, 15 October, 2021
    ExplainerUS politics & policy
    Biden’s $3.5tn spending plan: ‘There are choices to be made’

    Democrats face tough trade-offs as they try to winnow ambitious package to please centrists

  • Friday, 8 October, 2021
    US Government
    Senate votes to raise US debt limit until December

    Upper house of Congress passes stop-gap measure to stave off threat of a default

  • Tuesday, 5 October, 2021
    ExplainerUS politics & policy
    The debt ceiling: can the US avert a disastrous default?

    Lawmakers are hurrying to prevent an unprecedented crisis. Here’s how they might do it

  • Monday, 4 October, 2021
    US politics & policy
    Biden accuses Republicans of recklessness in debt ceiling stand-off

    President warns dollar could lose its status as global reserve currency without deal

  • Sunday, 3 October, 2021
    US politics & policy
    Democrats offer compromise on spending after weekend of infighting

    Progressives say they are willing to lower cost of $3.5tn package of measures that has split party

  • Friday, 1 October, 2021
    Christopher Caldwell
    Republicans’ debt brinkmanship may be a winning strategy

    By invoking the country’s $28 trillion debt, they can cast the Democrats as profligates

  • Friday, 1 October, 2021
    US Treasury bonds
    Treasury bill market jolted as US debt ceiling fight drags on

    Yields jump for bonds maturing after October date when government funds could run out

  • Wednesday, 29 September, 2021
    The FT ViewThe editorial board
    The US debt ceiling needs to be raised

    Even if short-term crisis is averted, limit on borrowing merits reform

  • Monday, 27 September, 2021
    US politics & policy
    Democrats face intense week of haggling to save Biden’s economic plan

    Nancy Pelosi hints votes are not yet there for spending bill as deadline to avoid government shutdown looms

  • Saturday, 25 September, 2021
    Biden agenda on the brink as lawmakers dig in on debt limit and spending

    US president’s popularity is falling amid a party split over economic policy and a looming government shutdown

  • Wednesday, 22 September, 2021
    House approves lifting US debt limit and averting shutdown

    Bill faces uphill battle in Senate as Republican opposition risks escalating fiscal crisis

  • Monday, 13 September, 2021
    ExplainerUS economy
    Why are US lawmakers arguing over the debt ceiling again?

    Once-routine lifting of federal borrowing limits becomes political tool that risks sovereign default

  • Wednesday, 8 September, 2021
    US politics & policy
    Yellen warns US Treasury risks running out of cash in October

    Letter to congressional leaders comes as White House worries about possibility of debt default

  • Friday, 20 August, 2021
    The Long ViewBrendan Greeley
    A quality theory of Treasuries

    To value US sovereign debt, think about what it buys

  • Sunday, 2 May, 2021
    US economy
    Yellen defends higher taxes as necessary to contain deficit

    US Treasury secretary urges Congress to fund $4.1tn investments with higher levies on wealthy

  • Wednesday, 28 April, 2021
    News in-depthUS tax
    Democrats are among the doubters of Biden’s plan to tax the rich

    Lawmakers in affluent districts set to push back given the party has built a wealthy support base

  • Monday, 12 April, 2021
    FT CollectionsEconomists Exchange
    Larry Summers: ‘I’m concerned that what is being done is substantially excessive’

    Former treasury secretary criticises the scale of Biden’s fiscal policy and warns it could lead to overheating and wasted resources

  • Thursday, 8 April, 2021
    Edward Luce
    Biden’s big fiscal gamble on America’s future

    Many obstacles stand in the way of the president’s infrastructure bill

  • Sunday, 21 March, 2021
    Peter Richard Orszag
    Joe Biden’s climate bill deserves bold fiscal support

    But Republicans and Democrats disagree about how to fund spending

  • Monday, 8 March, 2021
    The FT ViewThe editorial board
    A historic moment in US stimulus

    The $1.9tn bill both reveals and reinforces a new enthusiasm for the state

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