debt ceiling

Senate passes massive budget deal

The Senate passed Thursday a massive budget deal that would stave off the looming threat of a potential default on US debt and prevent automatic spending cuts to domestic and military funding.

House passes sweeping budget and debt limit deal

The House of Representatives on Thursday passed a sweeping two-year budget and debt limit deal that would stave off the looming threat of a potential default on US debt and prevent automatic spending cuts to domestic and military funding.

WaPo: Budget deal nears, would require Trump's approval

The Washington Post reports negotiators are nearing a federal budget deal that would include few—if any—immediate spending cuts, and would lift the debt limit for two years, kicking the can down the road and past the next presidential election.

How Jerome Powell stopped a US default in 2011

In May of 2011, then-Treasury Secretary Tim Geithner issued a stark warning letter to Congress: the US government had hit the debt limit and would no longer be able to pay its bills past August 2. That gave Congress exactly 11 weeks before America's wallet would be empty.

Debt ceiling fight: No deal yet

All eyes are on House Speaker Nancy Pelosi and those telephone calls with Treasury Secretary Steven Mnuchin and the bottom line is simple: every day there is less time and getting a deal locked in becomes more essential.

3 reasons to fear America's $70 trillion debt pile

America's debt load is about to hit a record. The combination of cheap money and soaring debt helped fuel the decade-long economic expansion and bull market, but America's gluttony of loans could work against it if its fragile economic balance shifts.

No deal yet on budget caps, debt limit

Bipartisan Senate leaders are expressing optimism over budget talks, but a meeting between top lawmakers and administration officials concluded on Tuesday without a deal, despite Senate Majority Leader Mitch McConnell saying earlier that he hoped an agreement could be reached before the end of the day.