List of All Articles with Tag 'debt'

By Steve Holland WASHINGTON U.S. President Joe Biden and top Republican lawmakers will declare their positions face to

President Joe Biden is set to meet with congressional leadership on Tuesday amid a stalemate in Washington to raise the debt ceiling and avoid a default that would have catastrophic economic consequences.

The clash between President Joe Biden and House Majority Leader Kevin McCarthy over the US debt will decide who is the most dominant figure in Washington for most of the next two years. And a failure by the two men to come to terms by this time next month would result in a national default that could have a profound impact on the economy and the 2024 election.

By David Lawder WASHINGTON The U.S. government will begin defaulting on its payment obligations between early June and

By Jarrett Renshaw and Trevor Hunnicutt WASHINGTON U.S. President Joe Biden meets Republican House Speaker Kevin McCarthy and

By Andrea Shalal and David Lawder WASHINGTON Treasury Secretary Janet Yellen said on Monday that a failure by

By Daniel Wiessner A union for U.S. federal government employees filed a lawsuit on Monday claiming a law

As the date that the US could default on its obligations grows closer, the Treasury Department must prepare for an unprecedented situation -- figuring out which bills to pay with the money it has on hand if Congress doesn't act.