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
Biden and McCarthy slated to meet again Tuesday to discuss raising the nation's borrowing limit
Anyone looking for clues at how talks to raise the nation's borrowing limit and avoid a historic default are progressing between President Joe Biden and congressional Republicans might be confused ahead of a high-stakes meeting at the White House on Tuesday.
2023-05-16 22:24
The demographic makeup of the country's voters continues to shift. That creates headwinds for Republicans
Demographic change continued to chip away at the cornerstone of the Republican electoral coalition in 2022, a new analysis of Census data has found.
2023-05-16 12:16
US regulator urges recall of 67m airbag inflators
The parts maker rejected the request, saying investigators had not found any "systemic" defects.
2023-05-13 08:29
US debt limit default could hit in early June to early August -think tank
By David Lawder WASHINGTON The U.S. government will begin defaulting on its payment obligations between early June and
2023-05-09 17:21