debt limit

Published
May 17, 2023

Biden declares ‘America will not default,’ says he’s confident of budget deal with Republicans

Biden and McCarthy tasked a handful of representatives to try and close out a final deal, with negotiations beginning late Tuesday.
Published
May 17, 2023

The Conversation: War rooms and bailouts: How banks and the Fed are preparing for a US default – and the chaos expected to follow
Published
May 16, 2023

Job cuts, no Social Security checks: How consumers could be pinched by a U.S. government default

The economy could nosedive into a recession due to a default.
Published
May 16, 2023

McCarthy says debt ceiling deal possible this week as Biden cuts short upcoming foreign trip

The president and House Speaker Kevin McCarthy are trying to strike a budget deal before the U.S. Treasury runs out of cash to keep paying the nation's bills, which could occur as soon as June 1.
Published
May 15, 2023

Debt ceiling: McCarthy says ‘no progress’ ahead of talks Tuesday with Biden

President Biden remains hopeful that an agreement could be reached with Republicans to avoid what would be an unprecedented debt default, which could trigger a financial catastrophe.