Biden hails debt ceiling deal as 'crisis averted'
The US president said he will sign the debt deal into law on Saturday.
2023-06-03 07:45
Debt ceiling deal heads to US Senate for approval
The Senate must approve the deal and send it to the president's desk this weekend to avoid a default.
2023-06-02 01:18
Debt ceiling deal: US House overwhelmingly passes bill
The Senate must approve the deal and send it to the president's desk this weekend to avoid a default.
2023-06-01 10:22
Debt limit negotiators under pressure to reach deal as risk of default grows
There are signs that negotiations over raising the nation's debt limit are gaining momentum, but major differences remain and it's unclear how quickly an agreement could come together. Time is running short as the risk of a first-ever default grows.
2023-05-26 17:15
Congress close to deal before breaking for holiday, reports say
Negotiators are nearing a possible deal, US media report, ahead of a holiday weekend.
2023-05-26 13:20
Why any debt deal could be just the beginning of the treacherous road to avoiding default
Just six days remain before America could run out of money to pay its bills in a calamity that could trigger a recession and global economic turmoil. Deep divisions remain between the White House and House Republicans over a potential deal under which Congress would vote to raise the government's borrowing limit in exchange for capping spending.
2023-05-26 12:19
Explainer-How could a US debt ceiling default hit regular Americans?
By Jason Lange WASHINGTON What could happen on Main Street if Washington's political showdown over the debt ceiling
2023-05-24 05:25
Get up to speed on the US debt drama
House Republicans are insisting on spending cuts before they will agree to raise the nation's debt ceiling past $31 trillion.
2023-05-22 19:54
US economy on the brink as time runs low to avert debt default
America is heading close to the brink of a self-imposed economic disaster with the Republican-led House refusing to pay the country's debts unless President Joe Biden agrees on cuts to current and future spending and new curbs on social programs.
2023-05-22 12:23
US debt ceiling: Joe Biden and Kevin McCarthy seek to break impasse
The president flies home from the G7 summit amid hopes of a deal with top Republican Kevin McCarthy.
2023-05-22 02:24
Treasury burns through funds amid bumpy debt ceiling talks
The Treasury Department is steadily draining the funds it has to pay the nation's bills during the debt ceiling impasse.
2023-05-20 07:21
US debt ceiling: Republicans hit pause on negotiations for now
The lead Republican negotiator walks out of a closed-door meeting with White House representatives.
2023-05-20 01:50