As the U.S. Hurtles Toward a Debt Crisis, What Does McConnell Want?

Senator Mitch McConnell, the Republican leader, has a long record of tying debt ceiling increases to policy demands. But this time, he has made none.

As the U.S. Hurtles Toward a Debt Crisis, What Does McConnell Want?

Senator Mitch McConnell, the Republican leader, has a long record of tying debt ceiling increases to policy demands. But this time, he has made none.

Biden Accuses Republicans of Being ‘Reckless’ Over Debt Limit Increase

The president warned Republicans “not to use procedural tricks to block us from doing the job.”

Biden Accuses Republicans of Being ‘Reckless’ Over Debt Limit Increase

The president warned Republicans “not to use procedural tricks to block us from doing the job.”

The Stock Market’s Hot Summer Became a Swoon. Where Does It Go Next?

Inflation and supply chain problems have been a concern since the pandemic began. But action by the Federal Reserve and pressure on corporate profits put those worries in sharp focus.

U.S. Signals No Thaw in Trade Relations With China

The Biden administration said it would not immediately remove the Trump administration’s tariffs and would require that Beijing uphold its trade commitments.

Inflation Warning Signs Flash Red, Posing Challenge for Washington

Inflation, once expected to fade quickly, is proving more stubborn. That ramps up tension among officials as they wait for pressures to fade.

Opinion | Wonking Out: Biden Should Ignore the Debt Limit and Mint a $1 Trillion Coin

Now is the time for some courageous gimmickry.

Inflation Warning Signs Flash Red, Posing Challenge for Washington

Inflation, once expected to fade quickly, is proving more stubborn. That ramps up tension among officials as they wait for pressures to fade.

In Your Facebook Feed: Oil Industry Pushback Against Biden Climate Plans

The messages take aim at Democrats by name as part of a broad effort to undermine landmark climate legislation that now hangs in the balance in Congress.

Opinion | I’m One of Biden’s Advisers. Here’s How I Think About His Economic Agenda.

For decades, politicians have rewarded wealth over work, putting big corporate interests above working families. That has to stop. 

Republicans at Odds Over Infrastructure Bill as Vote Approaches

With a bipartisan infrastructure bill set for a Thursday vote in the House, a campaign by business groups and some Senate Republicans to secure G.O.P. support may be the measure’s last hope.

Stocks tumble in worst day since May, as tech shares slide and bond yields climb.

Investors, weighing the prospect of the Federal Reserve preparing to reduce its purchases of government debt, sold off bonds, pushing the 10-year’s yield to its highest level since June.

Yellen Warns of ‘Catastrophic’ Consequences From Debt Limit Breach

The Treasury secretary, testifying alongside Jerome H. Powell, the Federal Reserve chair, implored Congress to raise or suspend the nation’s borrowing cap before an Oct. 18 deadline.

Republicans Block Government Funding, Refusing to Lift Debt Limit

Senate Republicans opposed legislation to avert a government shutdown and prevent a debt default at a critical moment for Democrats’ domestic agenda.

Opinion | How a Princeton Economist Teaches Resilience

Through the pandemic, Markus Brunnermeier conducted remarkable video seminars with leading thinkers in his field.

Explaining the U.S. Debt Limit and Why It Became a Bargaining Tool

Political polarization turned a tool for fiscal responsibility into a recipe for economic calamity.

Wall Street Scans the Lots as Used Cars Prod Inflation

The Manheim Used Vehicle Value Index, an obscure tracker of wholesale used-car prices, has become closely watched by the finance world’s high rollers.

The Economy Looks Solid. But These Are the Big Risks Ahead.

One concern is that political leaders will mismanage things in the world’s largest and second-largest economies.

America’s Need to Pay Its Bills Has Spawned a Political Game

Republicans and Democrats have long sparred over raising the debt ceiling. But this time, the odds are growing that the U.S. could default.