McCarthy set to send the House home without a debt limit deal
House Speaker Kevin McCarthy appears set to send members home after votes on Thursday, signaling that debt negotiations with the White House will continue as the risk of a first-ever default grows.
2023-05-25 17:24
Social Security payments could be delayed due to debt ceiling impasse
If the US is not able to pay all its bills for the first time ever, senior citizens could quickly feel the pain.
2023-05-25 06:50
Why this Washington debt limit showdown is different
Investors and the public have been content to largely brush off the slow-motion Washington march toward a self-imposed economic catastrophe.
2023-05-24 23:56
Major differences remain over spending cuts and other key issues as debt limit deadline looms
Negotiations are continuing to unfold in an attempt to reach a debt limit deal, but major differences between House Republicans and the White House have yet to be bridged, and the pressure is only intensifying as the risk of default grows ever more real with each day.
2023-05-24 23:55
House to vote on blocking Biden's student loan forgiveness program
The Biden administration's one-time student loan forgiveness program is facing a fresh threat from House Republicans while it awaits a ruling from the Supreme Court about whether the proposal can take effect.
2023-05-24 19:22
The debt ceiling is an awkward place to talk about spending
The debt ceiling snafu, which has the potential to wreck the US economy, is a civics lesson in the bizarrely inefficient way the American government spends your money.
2023-05-24 05:25
Biden and McCarthy are projecting optimism, but there's still no debt limit deal
The clock is ticking for President Joe Biden and House Speaker Kevin McCarthy to come to agreement to avoid a first-ever default on the nation's debt. And although there are some positive signs suggesting they're closer to a consensus, there is still no deal.
2023-05-23 17:16
Fact Check: Sen. Tim Scott's presidential announcement speech
Sen. Tim Scott announced he's running for the Republican nomination for president on Monday, setting up a challenge to former President Donald Trump, the current frontrunner.
2023-05-23 06:24
Yellen warns Congress again that default could be just days away
Treasury Secretary Janet Yellen reinforced her warning to Congress that it has only a little time left to address the debt ceiling before the nation defaults on its obligations.
2023-05-23 04:54
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 19:58
Debt limit deal remains out of reach as McCarthy and Biden plan to meet again
The countdown is on, the stakes are high -- and there is still no debt limit deal.
2023-05-22 17:25
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 12:23