Biden to address nation from Oval Office after avoiding catastrophic default
President Joe Biden will address the nation from the Oval Office on Friday evening -- his first time speaking to the country directly from that setting -- following congressional passage of a compromise measure that raises the federal borrowing limit and avoids a catastrophic default.
2023-06-02 23:24
Here's who would have to work for government benefits -- and who wouldn't -- under the debt ceiling package
Work requirements in two safety net programs for low-income Americans are set to change under the compromise debt ceiling package negotiated by President Joe Biden and House Speaker Kevin McCarthy.
2023-06-02 23:19
CDS panel asked whether payment failure occurred for Casino
An investor has asked a panel that rules on credit default swaps (CDS) whether a "failure to pay"
2023-06-02 20:21
Analysis-Despite chaos and risk, Washington sticks with its debt ceiling
By Andy Sullivan WASHINGTON The latest standoff over the U.S. debt ceiling, resolved just days before the government
2023-06-02 20:19
Hong Kong leads global market rally with best day in three months
Global stocks climbed Friday, led by a resurgent Hong Kong market, as investors greeted signs that the US Federal Reserve may hold off raising interest rates this month, the end of the US debt ceiling drama, and talk that China might unveil new measures to boost its faltering economic recovery.
2023-06-02 19:20
The Senate just passed the debt ceiling bill. Here's what happens next
The faucets at the US Department of the Treasury are set to turn back on after nearly five months of frozen pipes.
2023-06-02 19:17
US food aid could shrink under debt ceiling deal, hunger groups warn
By Leah Douglas WASHINGTON Changes to the largest U.S. food aid program in the debt deal passed by
2023-06-02 18:27
Here's what's in the debt ceiling package
Congress has passed the debt ceiling package, just days before the Treasury Department would have run out of sufficient funds to pay all of the nation's obligations on time and in full.
2023-06-02 11:27
Debt ceiling deal heads to US Senate for approval
The Senate must approve the deal and send it to the president's desk this weekend to avoid a default.
2023-06-02 00:28
Analysis-US debt-ceiling deal averts disaster, but savings might be less than advertised
By Andy Sullivan WASHINGTON The bipartisan debt-ceiling deal that could clear Congress as soon as Thursday would stave
2023-06-01 22:52
Analysis-US debt-ceiling deal dooms Biden's revolutionary tax plans
By David Lawder WASHINGTON U.S. President Joe Biden's 2020 campaign promise to make wealthy Americans and corporations pay
2023-06-01 18:19
US Senate aims for quick passage of debt ceiling bill to avoid default
By Richard Cowan and David Morgan WASHINGTON The U.S. Senate on Thursday was set to take up a
2023-06-01 18:17