Economy May 31 Deal to raise debt ceiling and curb spending faces crucial votes in Congress The U.S. House is set to vote on the debt ceiling deal Wednesday night after Republicans got some help from Democrats to pass a crucial hurdle. The vote follows weeks of heated negotiations and criticism from the right and the…
Economy May 30 Debt ceiling agreement clears 1st hurdle in House Rules Committee The debt ceiling deal is facing its first hurdle in the House Rules Committee Tuesday. Congressional Correspondent Lisa Desjardins has been counting votes and following every twist and turn on Capitol Hill throughout the day. She reports on where things…
Economy May 29 What’s in the debt limit agreement and its potential effects on the economy President Biden and House Speaker Kevin McCarthy have a deal to avoid defaulting on the country’s debt, but there's still a threat of economic catastrophe if they can’t sell it to Congress. Lisa Desjardins reports on the bill and the…
Economy May 28 What we know about Biden and McCarthy’s tentative deal to raise the debt limit The White House and Congressional Republicans have reached an agreement in principle to raise the debt ceiling and limit new spending. The deal will avert a potentially calamitous federal default if Congress passes it by June 5. Congressional correspondent Lisa…
Economy May 25 Debt ceiling negotiations see progress, but deal to avoid default remains elusive With the U.S. potentially just one week away from defaulting on its debts, members of Congress are leaving town for the Memorial Day break without a deal. The White House and House Republicans are continuing to negotiate. Lisa Desjardins reports…
Politics May 24 How DeSantis’ campaign shapes the GOP presidential race The presidential race has a new big-name candidate as Florida Gov. Ron DeSantis officially announced his run Wednesday. The Republican is a headline machine, shaping national fights over COVID policies, education and immigration. But he faces an uphill climb against…
Politics May 24 How a debt default could affect you Let's walk through what the debt ceiling is, why it was created, and who could be affected first if the U.S. defaults on its bills.
Economy May 23 How the U.S. national debt reached $31.4 trillion If you stacked up the full debt of the United States in hundred dollar bills, you could make not one, not two, but 13 piles of cash as tall as the Washington Monument. Lisa Desjardins takes a look at what…
Economy May 22 Debt ceiling negotiations continue as Treasury says deadline is 10 days out President Biden is back at the negotiating table after cutting his trip to Asia short. His meeting with House Speaker Kevin McCarthy comes with just 10 days until the Treasury Department says it will run out of money to pay…
Politics May 22 South Carolina Sen. Tim Scott becomes latest Republican to launch presidential campaign Another hat is in the ring as the presidential race starts to take shape. South Carolina Sen. Tim Scott announced Monday that he will be vying for the Republican nomination. He joins several other candidates seeking to be the name…