On Tuesday Wall Street dropped as financial stocks fell following Moody’s overnight credit rating cuts on several U.S. banks and warned it could also downgrade
Institutional brokerage and advisory firm Strategas said market liquidity has fallen by $150 billion since the U.S. debt ceiling was suspended earlier this month. According
The U.S. Senate has passed the Fiscal Responsibility Act by a vote of 63-36. Working until late Thursday night, the Senate heard and rejected 11
Senate Majority Leader Chuck Schumer (D-NY) has said that the Senate will “stay in session until we send a bill avoiding default to President Biden’s
The U.S. House of Representatives passed the Fiscal Responsibility Act in a bipartisan vote of 314 to 117 on Wednesday temporarily suspending the nation’s debt
Despite Republican opposition, a bipartisan bill to raise the federal debt ceiling to $31.4 trillion advanced by a narrow margin through the House Rules Committee
Across the board it appears that House Republicans are in support of McCarthy’s proposed debt bill ahead of this week’s expected vote. Reps. Jim Jordan
Treasury Secretary Janet Yellen, in a second letter with an alarmist tone to House Speaker Kevin McCarthy and other congressional leaders, reiterated her confidence
Debt ceiling negotiations are still under way as a possible default inches closer to the estimated deadline of June 1. Biden hopes the debt ceiling
On Friday House Speaker Kevin McCarthy said it’s time to “pause” negotiations on the debt limit; there are “real differences,” said a White House official.
Debt ceiling negotiations continued between President Joe Biden and House Speaker Kevin McCarthy (R-CA) on Tuesday resulting in the delegation of trusted surrogates to resolve
During debt ceiling negotiations on Tuesday, President Joe Biden rejected any changes to the Inflation Reduction Act. The White House is considering a cap on future
After Tuesday’s debt ceiling summit at the White House, President Biden said the meeting was “productive.” He said, “I made it clear during our meeting
President Joe Biden and House Speaker Kevin McCarthy (R-CA) will face off at a 4 p.m. Eastern time (2000 GMT) Oval Office session today on
As Republicans and the White House cannot agree on raising the debt ceiling, talks of invoking the 14th Amendment have been presented. This would allow
White House Press Secretary Karine Jean-Pierre has clarified that President Biden will not negotiate on the debt ceiling during a scheduled May 9 meeting with
President Biden is set to meet with Congressional leaders on May 9 to discuss how the U.S. will avoid running out of money after Treasury
Treasury Secretary Janet Yellen has informed Congress that the U.S. could reach its debt limit as soon as June 1 if the debt limit is
House Speaker Kevin McCarthy (R-CA) and his leadership team made several concessions to secure enough votes to pass the Limit, Save, and Grow Act —
Speaker of the House Kevin McCarthy (R-CA) said, “The President and I had a good first meeting,” referring to negotiations on raising the U.S. debt
Speaker of the House Kevin McCarthy (R-CA) said that he will be meeting with President Biden to discuss the current debt ceiling issue and ways
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