-
The leaders' breakthrough comes after weeks of negotiations and a series of on-and-off talks. The U.S. is set to run out of money to pay its loans on June 5 if a deal is not approved by Congress.
-
Treasury Secretary Janet Yellen says unless lawmakers raise the debt ceiling by June 5, the government won't have enough money to pay all of its bills.
-
The Treasury estimates the country could default on its loans early next month. But negotiators are still hashing out key provisions like whether to expand work requirements for federal assistance.
-
Did spending by President Biden and the Democrats rack up the country's debt? Is a default the same as a government shutdown? Here are answers to things people often get wrong about the debt ceiling.
-
From social security payments to interest rates, a lot hinges on a debt-ceiling deal. Personal finance experts say you should prepare for a possible debt default as you would a recession.
-
House Republicans insist there's a gulf between them and the White House on key areas on how to resolve the looming debt ceiling deadline.
-
Joe Biden and Republicans in Congress cannot agree on a path forward to avoid debt default even though Americans want to raise the debt ceiling without cutting spending, according to a new NPR poll.
-
House Speaker Kevin McCarthy told reporters he had a "productive" phone call with President Biden as he travels back to Washington. Negotiators for the pair will resume talks Sunday evening.
-
Negotiators between the White House and House Speaker Kevin McCarthy's team briefly paused talks on Friday. There's a little more than a week before the country runs out of money to pay its bills.
-
Biden has warned that defaulting on the national debt "would devastate retirement accounts," among other things. The head of advice methodology at Vanguard wants people to remember the bigger picture.