Economy
Facing GOP backlash, McCarthy labors to shore up votes for debt deal in time to prevent US default
The Republican speaker urged GOP skeptics Tuesday to look at “the victories” in the package he negotiated with President Joe Biden.
2 years ago
Takeaways on debt ceiling: McCarthy’s balancing act, Biden’s choice and the challenges ahead
The agreement is a two-year budget deal that would essentially hold spending flat for 2024, while boosting it for defense and veterans, and capping increases at 1% for 2025.
2 years ago
Biden, GOP reach debt-ceiling deal, now Congress must approve it to prevent calamitous default
The compromise announced late Saturday risks angering both Democratic and Republican lawmakers as they begin to unpack the concessions.
2 years ago
So would a U.S. default really be that bad? Yes, and here’s why
Here are some of the things that could happen.
2 years ago
Biden and McCarthy say debt limit meeting was productive but it ends without a deal
Biden noted that while there are areas of disagreement, the pair, their lead negotiators and their staffs "will continue to discuss the path forward."
2 years ago
Philly Fed: Manufacturing slump lingers across the region
The Philadelphia Federal Reserve’s monthly survey of manufacturers found that activity in the region continued to decline for the ninth time in a row.
2 years ago
Proposed Pa. budget nearly quadruples funding for local government cooperation
In his first budget as governor, Shapiro has pitched a 266% funding boost to the Municipal Assistance Program.
2 years ago
A snapshot of Philly’s economy: What will the next leaders inherit?
Last time Philly elected a new mayor, the economy was recovering from a recession. Now that new leaders are poised to take over, experts weigh in on the future of the city.
2 years ago
Listen 1:44Biden, congressional leaders likely to meet Tuesday for talks on raising the debt limit
Biden told reporters that he remains optimistic that he and the Republicans will reach agreement on the debt limit.
2 years ago
Senator Cassidy offers social security depletion solution. Will it see action?
Senator Cassidy looks to an "independent investment fund" to feed into the social security pot, only partially solving the overall solvency problem.
2 years ago
Where do Philly mayoral candidates stand on business and economic development?
Those vying to become Philadelphia’s 100th mayor weigh in on how to improve public safety, cut red tape, lower taxes, and more to spur economic growth.
2 years ago
Listen 5:38As debt ceiling talks progress, Biden and lawmakers are postponing their meeting
White House and congressional staff will continue to meet, but President Biden and congressional leaders will hold off on their plan to gather on Friday.
2 years ago
Biden pressures House Republicans on debt limit in campaign-style speech
He made his case in a campaign-style speech to voters in Valhalla, New York, on Wednesday.
2 years ago
Philadelphia protest calls for minimum wage hike and local control on future wage increases
The goal is not only to have a $15 minimum wage, but to wrestle control for future wage increases out of state control and into local hands.
2 years ago