Debt ceiling: Still no plan to avoid a default, but major shifts in posture
After a week of meetings on the debt ceiling, Congress, the White House and the country still do not have a clear path forward to avoid a cataclysmic default with just four days when both the House and Senate are scheduled to be in session before June 1, when the US could default on its obligations. On one hand, it looks like this could go to the brink. On the other, there have been pockets of progress over the intervening days and signs that some of the most stringent and hardened positions negotiators have been echoing over the last three months are slowly beginning to soften.
2023-05-13 04:54
Trading platform Tradeweb in talks about US default contingency plans
NEW YORK Bond trading platform Tradeweb is in talks with clients, industry groups and other market participants about
2023-05-13 03:28
Debt ceiling worries deepen as early June U.S. default reinforced
By Richard Cowan WASHINGTON The Washington standoff over raising the U.S. government's $31.4 trillion borrowing limit is adding
2023-05-13 03:20
'Every family should be concerned' about debt ceiling, consumer watchdog warns
Leaders in Washington are running out of time to avoid an unprecedented default on US debt. The top consumer watchdog in the federal government is warning of dire consequences for American families.
2023-05-13 02:22
Biden to meet congressional leaders on debt early next week - White House
By Jeff Mason WASHINGTON President Joe Biden is expected to meet with Republican House Speaker Kevin McCarthy and
2023-05-13 02:19
Ghana's official creditors pave way for IMF sign-off on $3 billion loan
By Christian Akorlie, Jorgelina do Rosario and Rachel Savage ACCRA (Reuters) -Ghana's official sector creditors have formed a committee co-chaired
2023-05-13 01:45
Resolve debt limit dispute or no pay for U.S. lawmakers, House Democrat says
By Moira Warburton WASHINGTON Lawmakers in the U.S. Congress should have their pay frozen until the fight over
2023-05-13 01:26
Here's how the 14th Amendment factors into the debt ceiling debate
As the stalemate over addressing the debt ceiling continues and the threat of default looms larger, President Joe Biden has resurfaced the controversial idea of using the 14th Amendment as a way to lift the borrowing cap without Congress.
2023-05-12 21:22
Yellen to discuss debt ceiling with bank lobby group - official
U.S. Treasury Secretary Janet Yellen will discuss the impasse over raising the government debt ceiling with board members
2023-05-12 09:16
Here's how we know a US default would be an economic disaster
In CNN's town hall with Donald Trump on Wednesday, the former president said a US default on its debt may be "psychological" and that it "could be nothing" or perhaps just "a bad week or a bad day."
2023-05-12 05:25
White House takes signature law off negotiating table in early spending, debt ceiling talks
The White House is drawing its battle lines.
2023-05-12 05:00
Biden, McCarthy's Friday debt ceiling meeting postponed, White House says
By Jeff Mason and Jarrett Renshaw WASHINGTON A debt limit meeting between U.S. President Joe Biden and top
2023-05-12 04:48