In 2023, a stalemate between then-President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...
US risks defaulting its debts, which could set off 'cataclysmic' situation for economy, analysts say
A mild recession, analysts say, would likely be the best-case scenario in the event of the US government defaulting on its debts. WASHINGTON -- The fight over raising the nation's borrowing limit ...
WASHINGTON — As Republicans barrel toward a critical deadline this summer to lift the debt ceiling, they say there’s no “Plan B” to avert an economically disastrous default if they fail to pass the ...
WASHINGTON — Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send ...
WASHINGTON — Senate Republicans are warming to the idea of including a debt ceiling increase in their big party-line bill to advance President Donald Trump’s agenda. Senate Majority Leader John Thune, ...
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