31 billionaires are worth more than the US Treasury has in cash
Cash levels at the US Treasury are tumbling toward a dangerously low level as Washington waits until the last minute to raise the debt ceiling.
2023-05-30 01:55
Asian shares rise as investors cheer US debt ceiling agreement
Asian stocks mostly rose on Monday as investors cheered an agreement in principle between the White House and House Republicans to raise the US debt ceiling that could avert a cataclysmic default.
2023-05-29 11:50
Top House progressive says Democratic leaders should be concerned about debt deal support
Washington Rep. Pramila Jayapal, the chair of the Congressional Progressive Caucus, said Sunday that White House negotiators and Democratic leaders should be concerned about progressive support for the tentative deal to raise the debt ceiling for two years
2023-05-29 02:16
Don't expect the stock markets to rejoice about the debt ceiling deal
You'd expect the stock market to surge after the White House and House Republicans reached a tentative deal to raise the debt ceiling, But markets may have other plans.
2023-05-28 20:51
Here's what's in the debt ceiling deal
After several weeks of tense negotiations, President Joe Biden and House Republicans have reached an agreement in principle to raise the debt ceiling and cap spending.
2023-05-28 19:30
Congress must address debt ceiling by June 5, Yellen warns
Congress must address the debt ceiling by June 5 or the US Treasury will not have enough funds to pay all of the nation's obligations in full and on time, Treasury Secretary Janet Yellen said Friday.
2023-05-27 04:20
Deputy Treasury secretary rules out possibility of using 14th Amendment to raise debt ceiling
Invoking the 14th Amendment to lift the borrowing cap on the US debt ceiling as a way to work around slow-moving negotiations is not an option, Deputy Treasury Secretary Wally Adeyemo told CNN Friday, the administration's most definitive response yet to an unlikely option demanded by some progressives.
2023-05-26 21:17
Inside the Treasury Department team monitoring early economic warning signs as default threat looms
Nearly five months before the US was projected to hit the debt ceiling, a small team inside the Treasury Department began alerting top officials to early effects already being felt in the US financial system.
2023-05-26 06:56
Are investors finally nervous about the US debt ceiling?
The US is running out of time to reach a debt ceiling deal. So is Wall Street getting nervous?
2023-05-25 08:21
Don't expect markets to rejoice if a deal is reached on the debt ceiling
Markets will want to breathe a sigh of relief if lawmakers can reach a deal on the debt ceiling to avoid a default. But markets can't always get what they want.
2023-05-25 00:17
What is permitting reform? The critical energy provision buried in debt-ceiling negotiations
Energy permitting reform, which aims to cut down the time it takes for new projects to get approved, could be one of the few bipartisan measures to emerge from a debt limit deal.
2023-05-24 22:17
'Huge backlash': Parties ramp up pressure on Biden and McCarthy to hold the line in debt talks
Last week, the Congressional Progressive Caucus posed a formal ask to its members: were there any proposals they could accept included in the list of GOP demands in exchange for raising the debt ceiling?
2023-05-24 05:51