Lawmakers race to secure US debt deal votes as deadline looms
A deal to raise the debt ceiling must now pass in the narrowly-divided House of Representatives.
1970-01-01 08:00
31 billionaires are worth more than the US Treasury has in cash
Cash levels at the US Treasury are tumbling toward a dangerously low level as Washington waits until the last minute to raise the debt ceiling.
1970-01-01 08:00
Corporate America celebrates debt ceiling deal and urges Congress to quickly pass legislation
Leading business groups are praising President Joe Biden and House Speaker Kevin McCarthy for forging a bipartisan agreement to raise the debt ceiling, and they are calling for Congress to pass the legislation before the government suffers a devastating default.
1970-01-01 08:00
Asian shares rise as investors cheer US debt ceiling agreement
Asian stocks mostly rose on Monday as investors cheered an agreement in principle between the White House and House Republicans to raise the US debt ceiling that could avert a cataclysmic default.
1970-01-01 08:00
Top House progressive says Democratic leaders should be concerned about debt deal support
Washington Rep. Pramila Jayapal, the chair of the Congressional Progressive Caucus, said Sunday that White House negotiators and Democratic leaders should be concerned about progressive support for the tentative deal to raise the debt ceiling for two years
1970-01-01 08:00
Don't expect the stock markets to rejoice about the debt ceiling deal
You'd expect the stock market to surge after the White House and House Republicans reached a tentative deal to raise the debt ceiling, But markets may have other plans.
1970-01-01 08:00
Here's what's in the debt ceiling deal
After several weeks of tense negotiations, President Joe Biden and House Republicans have reached an agreement in principle to raise the debt ceiling and cap spending.
1970-01-01 08:00
Congress must address debt ceiling by June 5, Yellen warns
Congress must address the debt ceiling by June 5 or the US Treasury will not have enough funds to pay all of the nation's obligations in full and on time, Treasury Secretary Janet Yellen said Friday.
1970-01-01 08:00
Deputy Treasury secretary rules out possibility of using 14th Amendment to raise debt ceiling
Invoking the 14th Amendment to lift the borrowing cap on the US debt ceiling as a way to work around slow-moving negotiations is not an option, Deputy Treasury Secretary Wally Adeyemo told CNN Friday, the administration's most definitive response yet to an unlikely option demanded by some progressives.
1970-01-01 08:00
Inside the Treasury Department team monitoring early economic warning signs as default threat looms
Nearly five months before the US was projected to hit the debt ceiling, a small team inside the Treasury Department began alerting top officials to early effects already being felt in the US financial system.
1970-01-01 08:00
Social Security payments could be delayed due to debt ceiling impasse
If the US is not able to pay all its bills for the first time ever, senior citizens could quickly feel the pain.
1970-01-01 08:00
Are investors finally nervous about the US debt ceiling?
US financial markets falter as debt ceiling talks continue. So is Wall Street getting nervous?
1970-01-01 08:00