IN-DEPTH11 months ago
The ‘levitating’ US debt ceiling
The Republican-led House of Representatives has passed a bill that would boost the US $31.4 trillion federal debt ceiling in exchange for slashing government spending.
debt ceiling
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Economyone year ago
Yellen warns about 'catastrophe' if Congress fails to raise debt limit
US Treasury Secretary Janet Yellen says “every responsible member of Congress” must agree to raise the debt ceiling.
Economyone year ago
US Treasury chief warns of need to lift debt ceiling
The US Treasury chief warns that lawmakers' failure to raise the statutory limit on US debt poses a ‘huge threat’ to the nation's economy.
Politics2 years ago
US staring down shutdown with no debt limit deal in sight
Lawmakers face a December 3 deadline to raise the debt ceiling before the US defaults on its debts.
Politics2 years ago
Biden signs bill raising US debt limit, averting default
US President Joe Biden on Thursday signed legislation temporarily raising the government's borrowing limit to $28.9 trillion, pushing off the deadline for debt default only until December.
Economy2 years ago
Democrats struggle to reach deal in Congress on Biden's agenda
The Democratic-controlled US Congress struggled on Friday to advance President Joe Biden's agenda.
Economy2 years ago
Debt default would 'permanently' weaken US: Treasury
US Treasury Secretary Janet Yellen has renewed her call for Congress to raise the federal debt ceiling in a bid to avoid a historic financial crisis.
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