No Deal Yet but McCarthy Says Biden Meeting Was ‘Productive’
With less than 10 days until the U.S. government could roil the global economy by defaulting on its debt, House Speaker Kevin McCarthy emerged from a...
Yellen Now Says US ‘Highly Likely’ to Run Out of Cash in Early June
Treasury Secretary Janet Yellen on Monday added a new level of urgency to her warning to lawmakers that the U.S. could run out of cash in early June....
Republicans Abruptly Hit ‘Pause’ on Debt Talks
Debt-limit talks between the White House and House Speaker Kevin McCarthy have been put on “pause” after Republican negotiators abruptly walked out of...
Dems Prepare Fallback Options, Even as Biden ‘Confident’ US Will Avoid a Default
President Joe Biden expressed optimism Wednesday that negotiations with Republicans will result in a budget deal that will raise the debt limit and...
Time Is Running Out, Yellen Warns
Treasury Secretary Janet Yellen on Tuesday called on lawmakers to raise the debt ceiling as quickly as possible, while warning that there would be...
Biden and McCarthy Offer Glimmers of Hope for a Debt Limit Deal
President Joe Biden and congressional leaders emerged from a White House meeting Tuesday afternoon sounding hopeful that a deal could be reached to...
Ahead of Meeting With Biden, McCarthy Says Debt Limit Negotiators Still ‘Far Apart’
President Joe Biden, House Speaker Kevin McCarthy and the three other top congressional leaders are set to meet again Tuesday as they try to work out...
CBO Warns of ‘Significant’ Default Risk in June
There is a significant risk that the U.S. could run out of cash in just a few weeks, the Congressional Budget Office warned Friday – and there may not...
What’s On the Table in Debt Limit Talks
White House and congressional staffers continue to discuss a potential deal to raise the debt ceiling, and the parameters of a possible deal are...
Default Could Send Housing Market Into ‘Deep Freeze’: Zillow
The interest rate on a standard 30-year mortgage would jump as high as 8.4% if the U.S. defaults on its debts this summer, raising housing costs for...