Get up to speed on the US debt drama
House Republicans are insisting on spending cuts before they will agree to raise the nation's debt ceiling past $31 trillion.
2023-05-22 19:54
US economy on the brink as time runs low to avert debt default
America is heading close to the brink of a self-imposed economic disaster with the Republican-led House refusing to pay the country's debts unless President Joe Biden agrees on cuts to current and future spending and new curbs on social programs.
2023-05-22 12:28
US debt ceiling: Joe Biden and Kevin McCarthy seek to break impasse
The president flies home from the G7 summit amid hopes of a deal with top Republican Kevin McCarthy.
2023-05-22 02:22
Treasury burns through funds amid bumpy debt ceiling talks
The Treasury Department is steadily draining the funds it has to pay the nation's bills during the debt ceiling impasse.
2023-05-20 07:19
US debt ceiling: Republicans hit pause on negotiations for now
The lead Republican negotiator walks out of a closed-door meeting with White House representatives.
2023-05-20 01:47
Biden and McCarthy slated to meet again Tuesday to discuss raising the nation's borrowing limit
Anyone looking for clues at how talks to raise the nation's borrowing limit and avoid a historic default are progressing between President Joe Biden and congressional Republicans might be confused ahead of a high-stakes meeting at the White House on Tuesday.
2023-05-16 22:21
US may default on debt as soon as June 1, Yellen reaffirms
It's still likely that the US could default on its obligations in early June if Congress doesn't act, Treasury Secretary Janet Yellen said Monday.
2023-05-16 04:27
Explainer-How Wall Street is preparing for possible US debt default
By Davide Barbuscia and Pete Schroeder NEW YORK/WASHINGTON As talks over raising the U.S. government's $31.4 trillion debt
2023-05-15 18:25
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
Pakistan's political crisis will deepen its economic misery
The political unrest that's engulfed Pakistan since former Prime Minister Imran Khan was arrested earlier this week will complicate efforts to secure a financial lifeline from the International Monetary Fund and exacerbate the country's economic crisis.
2023-05-13 02:27
'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
US debt limit default could hit in early June to early August -think tank
By David Lawder WASHINGTON The U.S. government will begin defaulting on its payment obligations between early June and
2023-05-09 17:25