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.
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US House Rules panel to meet Tuesday on debt ceiling bill
By Kanishka Singh WASHINGTON (Reuters) -The U.S. House Rules Committee said it will meet on Tuesday afternoon to discuss the
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Explainer-What is the U.S. debt ceiling?
By Jason Lange WASHINGTON The U.S. is rapidly approaching the deadline for Congress to pass a deal, reached
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Read: Bill text to raise the debt limit
President Joe Biden and House Republicans have reached an agreement in principle to address the debt limit and cap spending. The bill text was released on Sunday evening, but the work is far from done. Now leaders in both parties have to convince enough of their members to vote for the deal, which contains provisions that lawmakers on each side of the aisle don't support.
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Biden and McCarthy lean on holdouts in both parties to pass debt ceiling deal
Party leaders in Washington are waging an urgent campaign Monday to convince Democrats and Republicans to get behind compromise legislation that would avert a first-ever national default, with each side proclaiming victory following marathon talks.
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Wuhan is pressing hundreds of Chinese firms to repay their debts in rare public warning
Wuhan, the largest city in central China, has publicly demanded that hundreds of local companies repay their debts, in an extremely rare move that highlights the dire financial situation facing many of the country's municipal governments amid economic uncertainty.
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Biden and McCarthy's bumpy journey to a debt ceiling deal
By Steve Holland WASHINGTON When Kevin McCarthy was struggling early this year to get enough votes from his
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Bola Tinubu inauguration: Nigeria to swear in new president
Bola Tinubu, 71, won February's election with a promise to renew hope and needs to act fast.
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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.
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Poor GenXers without dependents targeted by US debt ceiling work requirements
WASHINGTON The debt ceiling deal that U.S. President Joe Biden and House Republican Kevin McCarthy agreed over the
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IRS funding cut won't hurt near-term tax collection, officials say
WASHINGTON The budget deal struck by President Joe Biden and House Speaker Kevin McCarthy to end a debt-limit
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Analysis: Debt deal could boost unloved corners of U.S. stock market, though risks loom
By Laura Matthews and Chibuike Oguh Global investors are gaming out how a tentative deal to raise the
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