Debt Ceiling
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Joe Biden Signs Debt Ceiling Bill Into Law, Averting Default
US President Joe Biden on Saturday signed into law a debt ceiling bill passed by Congress after weeks of wrangling, moving to avert a catastrophic, self-induced default in the world's biggest economy.
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US Averts First-Ever Default As Congress Passes Debt Deal
US senators voted to suspend the federal debt limit on Thursday, eliminating the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.
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Joe Biden And Kevin McCarthy - The Odd Couple Who Saved US Economy
Like bomb squad technicians who just snipped the last wire on a ticking device, Joe Biden and top Republican Kevin McCarthy are breathing a sigh of relief after reaching a deal on the US debt ceiling.
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US House Passes Debt Ceiling Deal, Bill Now Moves To Senate
US lawmakers voted to raise the national borrowing limit as a crucial first step to averting a catastrophic default, greenlighting a pact struck between Washington's warring parties after weeks of brinkmanship and fraught backroom deal-making.
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US Debt Ceiling Deal: Key Takeaways
President Joe Biden and House Republicans have reached a deal to raise the government's debt ceiling and avert a devastating default.
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US Cash Pile At Record Low, Biden And Republicans Agree On Debt Ceiling
US President Joe Biden and Republican lawmakers struck a deal in principle to raise the country's debt ceiling Saturday, in a crucial first step towards eliminating the threat of a disastrous default with just days to spare.
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How US Debt Default Would Affect Global Economy, Financial Markets
President Joe Biden and Republicans in Congress have resumed crunch talks aimed at averting a damaging US debt default, which Treasury officials recently warned could come as early as June 1.
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US Debt Ceiling Talks Halted Over ''Serious Differences'' As Default Deadline Inches Closer
The US faces a deadline as soon as June 1 to raise the country's borrowing limit, now at $31 trillion, to keep paying the nation's bills.
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Debt Ceiling: Will The US Default On June 1? What Will Happen If It Does? An Explainer
If US defaults, the federal government won't be able to pay salaries of federal employees, the military, social security and medicare. It will also shock global markets.
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Senate cuts deal to raise US debt ceiling, reopen government
The US Senate announced a last-minute deal on Wednesday to avert a historic lapse in the government's borrowing ability and a potentially damaging debt default, and to reopen the government after a two-week shutdown.
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Senate leaders forge agreement to reopen US government
Republican and Democratic leaders in the US Senate struck an agreement on Wednesday to end a fiscal impasse, hours before Washington hits its debt limit, a senator said.
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US lawmakers begin last-ditch effort on debt ceiling
The US Senate prepared for a last ditch effort on Wednesday to avoid a historic lapse in the government's borrowing authority, a breach that President Barack Obama has said could lead to default and deliver a damaging blow to the global economy.
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US headed toward 'very dangerous moment': World Bank
World Bank chief Jim Yong Kim warned on Saturday that the United States was headed toward peril as politicians failed again to resolve a standoff over the budget and debt ceiling.
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US still in fiscal deadlock, but glimmers of hope emerge
A few faint glimmers of hope surfaced on Monday in the U.S. fiscal standoff, both in Congress and at the White House, with President Barack Obama saying he would accept a short-term increase in the nation's borrowing authority to avoid a default.
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Negative spillovers of US shutdown could reverberate around the world, says Treasury
The political crisis gripping Washington could trigger a "catastrophic" US debt default, the Treasury warned Thursday, as America limped into day three of a government shutdown.
-
Joe Biden Signs Debt Ceiling Bill Into Law, Averting Default
US President Joe Biden on Saturday signed into law a debt ceiling bill passed by Congress after weeks of wrangling, moving to avert a catastrophic, self-induced default in the world's biggest economy.
-
US Averts First-Ever Default As Congress Passes Debt Deal
US senators voted to suspend the federal debt limit on Thursday, eliminating the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.
-
Joe Biden And Kevin McCarthy - The Odd Couple Who Saved US Economy
Like bomb squad technicians who just snipped the last wire on a ticking device, Joe Biden and top Republican Kevin McCarthy are breathing a sigh of relief after reaching a deal on the US debt ceiling.
-
US House Passes Debt Ceiling Deal, Bill Now Moves To Senate
US lawmakers voted to raise the national borrowing limit as a crucial first step to averting a catastrophic default, greenlighting a pact struck between Washington's warring parties after weeks of brinkmanship and fraught backroom deal-making.
-
US Debt Ceiling Deal: Key Takeaways
President Joe Biden and House Republicans have reached a deal to raise the government's debt ceiling and avert a devastating default.
-
US Cash Pile At Record Low, Biden And Republicans Agree On Debt Ceiling
US President Joe Biden and Republican lawmakers struck a deal in principle to raise the country's debt ceiling Saturday, in a crucial first step towards eliminating the threat of a disastrous default with just days to spare.
-
How US Debt Default Would Affect Global Economy, Financial Markets
President Joe Biden and Republicans in Congress have resumed crunch talks aimed at averting a damaging US debt default, which Treasury officials recently warned could come as early as June 1.
-
US Debt Ceiling Talks Halted Over ''Serious Differences'' As Default Deadline Inches Closer
The US faces a deadline as soon as June 1 to raise the country's borrowing limit, now at $31 trillion, to keep paying the nation's bills.
-
Debt Ceiling: Will The US Default On June 1? What Will Happen If It Does? An Explainer
If US defaults, the federal government won't be able to pay salaries of federal employees, the military, social security and medicare. It will also shock global markets.
-
Senate cuts deal to raise US debt ceiling, reopen government
The US Senate announced a last-minute deal on Wednesday to avert a historic lapse in the government's borrowing ability and a potentially damaging debt default, and to reopen the government after a two-week shutdown.
-
Senate leaders forge agreement to reopen US government
Republican and Democratic leaders in the US Senate struck an agreement on Wednesday to end a fiscal impasse, hours before Washington hits its debt limit, a senator said.
-
US lawmakers begin last-ditch effort on debt ceiling
The US Senate prepared for a last ditch effort on Wednesday to avoid a historic lapse in the government's borrowing authority, a breach that President Barack Obama has said could lead to default and deliver a damaging blow to the global economy.
-
US headed toward 'very dangerous moment': World Bank
World Bank chief Jim Yong Kim warned on Saturday that the United States was headed toward peril as politicians failed again to resolve a standoff over the budget and debt ceiling.
-
US still in fiscal deadlock, but glimmers of hope emerge
A few faint glimmers of hope surfaced on Monday in the U.S. fiscal standoff, both in Congress and at the White House, with President Barack Obama saying he would accept a short-term increase in the nation's borrowing authority to avoid a default.
-
Negative spillovers of US shutdown could reverberate around the world, says Treasury
The political crisis gripping Washington could trigger a "catastrophic" US debt default, the Treasury warned Thursday, as America limped into day three of a government shutdown.
