debt limit
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PublishedMay 23, 2023
Small businesses beginning to panic about a government default
Missed government payments – to businesses, but also to people who rely on food stamps, social security and other federal benefits – could quickly ripple through the economy.
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PublishedMay 22, 2023
What it would mean for the global economy if the U.S. defaults on its debt
A default could shatter the $24 trillion market for Treasury debt, cause financial markets to freeze up and ignite an international crisis.
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PublishedMay 22, 2023
No agreement yet on debt ceiling, but Biden, McCarthy say they’re optimistic after meeting
The contours of an agreement appear within reach, and the negotiations have narrowed on a 2024 budget year cap that would be key to resolving the standoff.
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PublishedMay 21, 2023
Biden, McCarthy to meet Monday for debt limit talks after ‘productive’ call
Biden previously said on Sunday that Republicans in the House must move off their 'extreme positions' on the now-stalled talks over raising America's debt limit.
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PublishedMay 20, 2023
Biden aims to reassure world on U.S. debt standoff as he consults with Indo-Pacific leaders
Hoping to avert an outcome that would rattle the global economy and prove to be a boon to Beijing, Biden opened his third day in Japan at the annual G7 meeting of the world’s most powerful democracies.
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PublishedMay 20, 2023
There’s no final debt ceiling deal. But already, lawmakers don’t like it.
With the clock ticking toward a possible June 1 deadline, there was still much ground to cover going into the weekend.
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PublishedMay 19, 2023
Debt limit talks start, stop as Republicans, White House face ‘serious differences’
Top Republican negotiators for House Speaker Kevin McCarthy said after the evening session that they were uncertain on next steps, though it's likely discussions will resume over the weekend.
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PublishedMay 19, 2023
World watches in disbelief and horror as U.S. nears possible default
Most nations don’t have a fixed debt ceiling. But Washington’s fight over raising the cap carries global implications.
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PublishedMay 18, 2023
As debt ceiling fight rages, Democrats bring up an old idea: Abolish it
As the U.S. barrels toward a fiscal cliff, some Democrats say it didn't have to be this way – and lawmakers should have learned from past mistakes.
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PublishedMay 18, 2023
Debt ceiling negotiators rushing for weekend deal, but much work remains
With a deadline as soon as June 1 drawing nearer, President Biden and House Speaker Kevin McCarthy tapped their top representatives to work out a deal after a week of talks with a larger contingent stalled out.
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