Debt Ceiling News
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Biden says debt ceiling bill to be signed Saturday, praises bipartisan dealBiden used his inaugural speech to the nation from the Oval Office to highlight the bill and the compromises it contains, pointing to the importance of averting a default.U.S. NewsJun 2, 2023
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U.S. Senate passes debt ceiling bill to prevent default, set to become lawThe legislation passed the upper chamber a day after the House united in rare bipartisan fashion to approve the deal reached between Republicans in the White House last week.U.S. NewsJun 1, 2023
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Debt ceiling and spending bill passes U.S. House, clearing major hurdleThe goal is to get the bill signed by President Joe Biden before Monday, when the U.S. Treasury says it will run out of money to pay its debts.U.S. NewsMay 31, 2023
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U.S. debt ceiling: Biden, McCarthy shore up support ahead of crucial voteBiden is sending top White House officials to meet at the Capitol to shore up support ahead of voting. McCarthy is working furiously to sell skeptical fellow Republicans.U.S. NewsMay 31, 2023
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Biden, McCarthy narrow in on budget deal to lift debt ceilingThe White House has offered to freeze next year’s 2024 spending at current levels and restrict 2025 spending, but the Republican leader says that’s not enough.U.S. NewsMay 26, 2023
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Debt ceiling deal in sight as Biden cuts overseas trip short to focus on talksNegotiations are still far from success, but a deal is possible by the end of the week, Republican House Speaker Kevin McCarthy said after a brief meeting with Biden.U.S. NewsMay 16, 2023
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‘Very concerning’: U.S. debt limit talks appear to stall as crisis loomsThe Treasury Department on Monday left unchanged a deadline as soon as June 1 when the nation will have exhausted its ability to cover its debt payments.U.S. NewsMay 15, 2023
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Biden, congressional leaders postpone debt limit meeting as talks continueThe White House said staff would continue to hold discussions, and the delay was billed as a sign of positive exchanges between Republican and Democratic leaders, and Biden.U.S. NewsMay 11, 2023
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Canada watches closely but quietly as U.S. debt limit standoff nears deadlineCanadian companies and institutions that sell products or services or lend money to the U.S. government would feel the impact of a default almost instantly, experts say.EconomyMay 9, 2023
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No movement on U.S. debt talks after Biden meets with congressional leadersBiden invited House and Senate leaders from both parties to the Oval Office as the U.S. faces down a looming deadline to raise the debt ceiling or risk a default.U.S. NewsMay 9, 2023
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