Brinkmanship and the danger of default - debt ceiling negotiators reach a deal
The accord, if approved by both houses of Congress, would avert an unprecedented default.
economy
Biden, McCarthy say they have brokered a debt limit deal to avert U.S. default
House Speaker Kevin McCarthy announced a deal in principle Saturday night that would stave off a first-ever default on the nation's debt.
Rating agency puts U.S. on negative watch over partisanship in debt talks
Fitch Ratings put the United States' credit rating on notice.
10,000 Coloradans could lose jobs during national debt default, report says
The federal government is heading towards a potential default as leaders in Washington, D.C., fail to reach an agreement.
McCarthy, Biden say they can avoid default ahead of deadline
President Joe Biden and U.S. House Speaker Kevin McCarthy reported productive talks Monday.
Biden says he’s offered $1 trillion in spending cuts but GOP won’t budge on debt limit
President Joe Biden said Sunday his administration has offered $1 trillion in spending cuts as part of the ongoing talks with Republicans.
A default on the U.S. debt would be far worse than a government shutdown. Here’s how.
The federal government has had considerable practice with partial government shutdowns during the past decade -- unlike a default on the debt.
Debt talks on pause as deadline looms
Negotiations between President Joe Biden's White House and U.S. House Kevin McCarthy over the nation's debt limit hit pause.
Poll: Americans' inflation pain hits a new high
Americans report that higher prices are causing financial hardship, a new poll indicates.
War rooms and bailouts: How banks and the Fed are preparing for a US default
"You hope it doesn't happen, but hope is not a strategy - so you prepare for it." - Bank of America CEO Brian Moynihan.
