Debt Default
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New warning U.S. may default in a month without debt deal restarts talksJanet Yellen urged congressional leaders "to protect the full faith and credit of the United States by acting as soon as possible" to address the $31.4 trillion borrowing limit.U.S. NewsMay 1, 2023
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McCarthy ties U.S. debt ceiling deal to spending cuts, other Republican prioritiesIn a high-profile speech at the New York Stock Exchange, the U.S. House speaker said Biden is "missing in action" as the deadline nears to raise the debt limit.U.S. NewsApr 17, 2023
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U.S. could default this summer if debt ceiling deal not reached, budget office warnsThe Congressional Budget Office said the U.S. Treasury Department will exhaust its ability to pay all its bills sometime between July and September unless a deal is reached.U.S. NewsFeb 15, 2023
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