Politics Oct 13 WATCH: Biden delivers remarks on deal to make LA port a 24-hour operation The supply chain problem is tightly linked with the broader challenge of inflation confronting Biden, as higher prices are creating both economic and political risks.
Politics Oct 07 Default crisis dodged — for now — with Dem-GOP debt accord Senate leaders have announced an agreement to extend the government's borrowing authority into December, temporarily averting an unprecedented default that experts say would have decimated the economy.
Politics Oct 07 Agreement reached on short-term debt ceiling fix Senate Majority Leader Chuck Schumer said Thursday an agreement has been reached with Republicans to extend the government's borrowing authority into December, temporarily averting a debt crisis.
Politics Oct 06 Congress foresees short-term debt fix amid perilous standoff Democrats are signaling they are receptive to an offer from Republican leader Mitch McConnell that would allow for an emergency debt limit extension into December.
Politics Oct 06 WATCH: Biden enlists CEOs to warn of default if federal debt limit is not raised Biden hosted business leaders at the White House on Wednesday and is warning that failure to extend the government's borrowing authority could set off a global financial crisis.
Politics Oct 04 WATCH: Biden discusses debt ceiling as U.S. approaches limit President Joe Biden accused Republican lawmakers on Monday of blocking efforts to increase the government's borrowing authority, saying they're playing "Russian roulette with the U.S. economy" by committing to filibuster the measure ahead of an Oct. 18 deadline.
Politics Sep 24 WATCH: Biden hosts Indo-Pacific leaders as China concerns grow President Joe Biden declared Friday that the U.S. and other member of the Indo-Pacific alliance known as “the Quad," are showing they “know how to get things done" in an increasingly complicated corner of the globe.
Politics Sep 23 AP Explainer: Why the debt limit is again roiling Washington The idea of the U.S. government breaching its “debt limit” sounds scary. But what, exactly, are lawmakers in Washington fighting about?…
Politics Sep 20 WATCH: Biden speaks at 2021 U.N. General Assembly President Joe Biden said the world stands at an "inflection point in history" and must move quickly and cooperatively to address the festering issues of the COVID-19 pandemic, climate change and human rights abuse.
Economy Sep 17 White House warns states face deep cuts if Congress does not raise debt limit The debt limit is the amount of money Congress allows the Treasury to borrow. It was suspended three times during the Trump administration and has been lifted dozens of times since 1960.