Debt limit negotiators under pressure to reach deal as risk of default grows
There are signs that negotiations over raising the nation's debt limit are gaining momentum, but major differences remain and it's unclear how quickly an agreement could come together. Time is running short as the risk of a first-ever default grows.
1970-01-01 08:00
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.
1970-01-01 08:00
Explainer-What would happen to a Treasury after default? Six key questions
By Karen Brettell The U.S. Treasury Department is at risk of defaulting on its debt if Congress doesn't
1970-01-01 08:00
Tim Scott once described own police reform bill as a 'defund' bill -- then attacked Democrats for same approach
Republican presidential candidate Sen. Tim Scott once said his 2020 police reform bill would "defund" local police departments from federal grants for non-compliance, but he later attacked Democrats for proposing the same policies.
1970-01-01 08:00
US debt ceiling: Congress heads home for holiday without a deal
"We're gonna work 24/7", says House Speaker Kevin McCarthy as time runs low to raise the debt ceiling.
1970-01-01 08:00
How to protect your investments and finances as debt default worries grow
Treasury Secretary Janet Yellen earlier this week reaffirmed Thursday June 1 as the deadline for the government to act. But with that X-date only one week away, there's still no deal to raise the debt ceiling -- putting Americans' finances in danger.
1970-01-01 08:00
Why China and Japan are praying the US won't default
As the clock ticks down toward an unprecedented US debt default, the world's second- and third-biggest economies are watching in fear.
1970-01-01 08:00
Fire at Russia's Defense Ministry in Moscow: state media
A fire has broken out at the Russian Ministry of Defense building in central Moscow, according to Russian state news agency TASS, citing an emergency services source.
1970-01-01 08:00
Belgorod: Russian paramilitary group vows more incursions
Moscow says it repelled the raid and vowed a harsh response to further infiltration of its border.
1970-01-01 08:00
From Social Security to your investments, here's how to prepare for a US default
Treasury Secretary Janet Yellen reaffirmed June 1 as the hard deadline to raise the debt ceiling on Monday. How can Americans prepare for a US default if the debt limit doesn't get raised?
1970-01-01 08:00
Germany to buy Leopard tanks, howitzers to make up for Ukraine supplies - source
BERLIN Germany will buy 18 Leopard 2 tanks and 12 self-propelled howitzers to replenish stocks depleted by deliveries
1970-01-01 08:00
Ukraine war: Russia's Shoigu vows 'harsh response' after Belgorod incursion
The defence minister's comments come as further drone attacks are reported in Belgorod region.
1970-01-01 08:00