US Default
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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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Debt ceiling deal needs to happen by June 5 to avoid default: Yellen"If Congress fails to increase the debt limit, it would cause severe hardship to American families," Treasury Secretary Janet Yellen is warning.U.S. NewsMay 26, 2023
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Debt ceiling deal appears in reach ahead of U.S. holiday weekendLawmakers regularly need to raise the self-imposed debt limit to cover the cost of spending and tax cuts they have already approved.U.S. NewsMay 25, 2023
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Can the U.S. avoid a debt ceiling default? Joe Biden says he’s ‘confident’Without a debt ceiling deal, the U.S. could begin defaulting on its obligations and trigger financial chaos starting as soon as June 1.ConsumerMay 18, 2023
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