US debt ceiling

The government declared a new default date of June 5 late Friday, halting debt ceiling talks as time was running out.  This forced the White House and Republicans into another week of precarious negotiations over spending reductions and…

Speaker Kevin McCarthy left his first visit to the White House confident that he and President Joe Biden could negotiate a spending agreement, including the country's debt ceiling. McCarthy, who had to negotiate with hardline…

US Treasury Secretary Janet Yellen warned on Saturday of catastrophic implications if the country's statutory debt ceiling is not raised in the coming months. According to the senior source, the US could default on its debt by the summer,…

The Treasury Department tells Congress that the United States debt ceiling will be reached within days. This creates the potential for a confrontation when Congress decides how to raise the debt ceiling. Treasury Secretary Janet Yellen…