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Debt Default, Shutdown Deals Led To Kevin McCarthy's Ouster As US Speaker
Republican Kevin McCarthy rode the tiger of far-right US politics led by Donald Trump to achieve his dream of becoming House speaker early this year. Then on Tuesday, the tiger turned and ate him.
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"Big Win For Americans": Biden On Debt Deal That Averts First-Ever Default
US President Joe Biden welcomed Thursday's vote by the Senate to raise the national debt limit through 2024 and avert a first ever default as a "big win" for Americans.
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US Averts First-Ever Default As Congress Passes Debt Deal
US senators voted to suspend the federal debt limit on Thursday, eliminating the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.
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Joe Biden And Kevin McCarthy - The Odd Couple Who Saved US Economy
Like bomb squad technicians who just snipped the last wire on a ticking device, Joe Biden and top Republican Kevin McCarthy are breathing a sigh of relief after reaching a deal on the US debt ceiling.
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US House Passes Debt Ceiling Deal, Bill Now Moves To Senate
US lawmakers voted to raise the national borrowing limit as a crucial first step to averting a catastrophic default, greenlighting a pact struck between Washington's warring parties after weeks of brinkmanship and fraught backroom deal-making.
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US Debt Ceiling Deal: Key Takeaways
President Joe Biden and House Republicans have reached a deal to raise the government's debt ceiling and avert a devastating default.
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Biden, McCarthy Confident That Debt-Crisis Deal Will Pass Through Congress
US President Joe Biden and Republican leader Kevin McCarthy said they were confident Sunday of pushing a debt crisis deal through Congress and avoiding a cataclysmic default, despite skepticism from some lawmakers on both sides of the aisle.
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US Cash Pile At Record Low, Biden And Republicans Agree On Debt Ceiling
US President Joe Biden and Republican lawmakers struck a deal in principle to raise the country's debt ceiling Saturday, in a crucial first step towards eliminating the threat of a disastrous default with just days to spare.
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US Treasury Cash Pile Hits Lowest Level Since 2017 As Debt Talks Drag On
While negotiators in Washington struggle to try and hammer out a deal on the statutory debt limit that will be amenable to both sides of politics, the Treasury's cash balance is dwindling rapidly and the amount of accounting gimmicks that it has up i
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"There Will Be No Default": Joe Biden On US Debt Crisis
President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.
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US Speaker Kevin McCarthy Says Debt Ceiling Talks 'Productive', But No Deal
A top US Republican on Monday said his first one-on-one talks in months with President Joe Biden to avert a calamitous debt default were "productive" but that there was still no deal.
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"Confident" In Reaching Deal To Avert US Debt Default, Says Joe Biden
President Joe Biden said Wednesday he is confident a deal can be reached with Republicans leaders to avert a potentially catastrophic US debt default as early as June 1.
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Australia Cancels Quad Summit After Biden Calls Off Trip Amid Debt Crisis
Joe Biden and opposition Republican leaders on Tuesday offered hope of a deal that could avoid a catastrophic US debt default, although the president was forced to shorten an upcoming Asia-Pacific tour for further crisis talks.
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Joe Biden Warns Of "Catastrophic" Consequences On Economy If US Defaults
President Joe Biden's administration again warned Sunday of "catastrophic" consequences for the US economy if the country defaults, as negotiations with Republicans over a debt deal are expected to resume in the week ahead.
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Elon Musk's Bankers Consider Tesla Margin Loans to Cut Twitter Debt: Report
Billionaire Elon Musk's bankers are considering providing the Tesla Inc Chief Executive Officer with new margin loans backed by the US automaker's stock to replace some of the high-interest debt on his Twitter deal, Bloomberg News reported.
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Debt Default, Shutdown Deals Led To Kevin McCarthy's Ouster As US Speaker
Republican Kevin McCarthy rode the tiger of far-right US politics led by Donald Trump to achieve his dream of becoming House speaker early this year. Then on Tuesday, the tiger turned and ate him.
-
"Big Win For Americans": Biden On Debt Deal That Averts First-Ever Default
US President Joe Biden welcomed Thursday's vote by the Senate to raise the national debt limit through 2024 and avert a first ever default as a "big win" for Americans.
-
US Averts First-Ever Default As Congress Passes Debt Deal
US senators voted to suspend the federal debt limit on Thursday, eliminating the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.
-
Joe Biden And Kevin McCarthy - The Odd Couple Who Saved US Economy
Like bomb squad technicians who just snipped the last wire on a ticking device, Joe Biden and top Republican Kevin McCarthy are breathing a sigh of relief after reaching a deal on the US debt ceiling.
-
US House Passes Debt Ceiling Deal, Bill Now Moves To Senate
US lawmakers voted to raise the national borrowing limit as a crucial first step to averting a catastrophic default, greenlighting a pact struck between Washington's warring parties after weeks of brinkmanship and fraught backroom deal-making.
-
US Debt Ceiling Deal: Key Takeaways
President Joe Biden and House Republicans have reached a deal to raise the government's debt ceiling and avert a devastating default.
-
Biden, McCarthy Confident That Debt-Crisis Deal Will Pass Through Congress
US President Joe Biden and Republican leader Kevin McCarthy said they were confident Sunday of pushing a debt crisis deal through Congress and avoiding a cataclysmic default, despite skepticism from some lawmakers on both sides of the aisle.
-
US Cash Pile At Record Low, Biden And Republicans Agree On Debt Ceiling
US President Joe Biden and Republican lawmakers struck a deal in principle to raise the country's debt ceiling Saturday, in a crucial first step towards eliminating the threat of a disastrous default with just days to spare.
-
US Treasury Cash Pile Hits Lowest Level Since 2017 As Debt Talks Drag On
While negotiators in Washington struggle to try and hammer out a deal on the statutory debt limit that will be amenable to both sides of politics, the Treasury's cash balance is dwindling rapidly and the amount of accounting gimmicks that it has up i
-
"There Will Be No Default": Joe Biden On US Debt Crisis
President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.
-
US Speaker Kevin McCarthy Says Debt Ceiling Talks 'Productive', But No Deal
A top US Republican on Monday said his first one-on-one talks in months with President Joe Biden to avert a calamitous debt default were "productive" but that there was still no deal.
-
"Confident" In Reaching Deal To Avert US Debt Default, Says Joe Biden
President Joe Biden said Wednesday he is confident a deal can be reached with Republicans leaders to avert a potentially catastrophic US debt default as early as June 1.
-
Australia Cancels Quad Summit After Biden Calls Off Trip Amid Debt Crisis
Joe Biden and opposition Republican leaders on Tuesday offered hope of a deal that could avoid a catastrophic US debt default, although the president was forced to shorten an upcoming Asia-Pacific tour for further crisis talks.
-
Joe Biden Warns Of "Catastrophic" Consequences On Economy If US Defaults
President Joe Biden's administration again warned Sunday of "catastrophic" consequences for the US economy if the country defaults, as negotiations with Republicans over a debt deal are expected to resume in the week ahead.
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Elon Musk's Bankers Consider Tesla Margin Loans to Cut Twitter Debt: Report
Billionaire Elon Musk's bankers are considering providing the Tesla Inc Chief Executive Officer with new margin loans backed by the US automaker's stock to replace some of the high-interest debt on his Twitter deal, Bloomberg News reported.
