List of All Articles with Tag 'ceiling'

President Joe Biden has asked to speak with House Speaker Kevin McCarthy once his meetings conclude in Japan, in hopes of helping to put negotiations to raise the US debt ceiling -- which have appeared mostly stalled since Friday -- back on track.

The US could default on its debt as soon as under two weeks from now, and cities with a large military presence risk an economic firestorm if lawmakers don't act.

The Treasury Department is steadily draining the funds it has to pay the nation's bills during the debt ceiling impasse.

The so-called X-date, or the day the US government can no longer pay its bills, may be on an accelerated timeline because the federal government collected less money on Tax Day in April than it had anticipated.

By David Randall NEW YORK A potential deal to lift the U.S. debt ceiling could spur money managers

The BBC examines four ways you could be affected if the US fails to reach a deal on its debt.

During a meeting with more than two dozen bank CEOs on Thursday, Treasury Secretary Janet Yellen stressed the urgent need for Congress to address the debt ceiling, according to a readout of the meeting from the Treasury Department.

Two days after his second recent meeting in the Oval Office to discuss raising the debt ceiling, House Speaker Kevin McCarthy sounded positive about the direction of debt limit talks, telling CNN he sees how they can get to a deal and that he wants a bill on the floor next week.

The United States risks could run out of money to pay its bills if Congress is not able to reach an agreement on the debt ceiling. It could happen as soon as June 1, according to warnings from Treasury Secretary Janet Yellen, and could have potentially have far-reaching and dire consequences for Americans, including people who receive benefit payments or run a small business or who are trying to buy a home.

Senate Majority Leader Chuck Schumer urged JPMorgan Chase CEO Jamie Dimon and other leading bank executives during a meeting on Wednesday to push all members of Congress to take the threat of a disastrous default off the table, a person familiar with the matter told CNN.

President Joe Biden on Wednesday sought to lay out how he'll continue to negotiate with congressional leaders on the budget to raise the debt ceiling -- underscoring that all parties agreed that the United States would not default.

President Joe Biden has cut short a foreign trip as both sides race to strike a deal before 1 June.