List of All Articles with Tag 'ceiling'

The United States risks could run out of money to pay its bills if Congress is not able to reach an agreement on the debt ceiling. It could happen as soon as June 1, according to warnings from Treasury Secretary Janet Yellen, and could have potentially have far-reaching and dire consequences for Americans, including people who receive benefit payments or run a small business or who are trying to buy a home.

Senate Majority Leader Chuck Schumer urged JPMorgan Chase CEO Jamie Dimon and other leading bank executives during a meeting on Wednesday to push all members of Congress to take the threat of a disastrous default off the table, a person familiar with the matter told CNN.

President Joe Biden on Wednesday sought to lay out how he'll continue to negotiate with congressional leaders on the budget to raise the debt ceiling -- underscoring that all parties agreed that the United States would not default.

President Joe Biden has cut short a foreign trip as both sides race to strike a deal before 1 June.

With work requirements for safety net programs emerging as a central issue in the debt ceiling negotiations, President Joe Biden's past support of such mandates is a point of optimism for Republicans and of concern for his fellow Democrats.

No one can say yet which day the US Treasury would no longer be able to pay all the bills of the United States in full and on time if lawmakers refuse to raise the debt limit.

President Joe Biden's pledge to the world that "America is back" after a period of political turbulence is looking a little shaky after a debt showdown with Republicans forced him to shorten an Asia-Pacific trip designed to showcase US power amid a challenge from China.

With time running out to reach a deal on the debt ceiling, Treasury Secretary Janet Yellen plans to meet with bank CEOs on Thursday afternoon in Washington, sources tell CNN.

WASHINGTON A debt limit meeting between U.S. President Joe Biden and top lawmakers including Republican House of Representatives

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.

By Michael S. Derby NEW YORK A default on U.S. Treasury debt would be a leap into the

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.