WATCH: Senate votes to raise debt limit by $2.5 trillion, avoiding default
The bill is expected to clear the Senate on a party-line vote that garners no Republican support, with swift passage by the House likely to follow before it then heads to President Joe Biden’s desk.
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The U.S. debt ceiling, explained
U.S. Senators are deciding how they'll vote on a deal to raise the debt ceiling, after the U.S. House of Representatives passed the first piece of a plan to avoid a default Tuesday night. Leaders in both parties are projecting…
Congressional leaders reach elaborate deal to raise debt ceiling
Congress approved a $480 billion increase in the nation’s debt limit in October. That’s enough for the Treasury to finance the government’s operations through Dec. 15, according to Treasury Secretary Janet Yellen's projection.
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What we know about Congress’ unusual solution to the debt ceiling disagreement
The clock has been ticking on the next potential fiscal crisis for the U.S. Government. The nation’s debt ceiling could be reached as soon as next week, and the government might not have the funds to pay its bill. But…
After weeks of stalemate, Senators have reached agreement to temporarily raise the debt ceiling, shortly before Republicans prepared to block legislation to suspend the debt limit until December of next year. The agreement averts a possible economic crisis — for…
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.
With a new but possibly temporary deal providing a potential pathway out of the impasse between congressional Democrats and Republicans over raising the federal debt limit, Judy Woodruff gets more on the state of play and what's at stake with…
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.
The White House and key congressional Democrats spent this Wednesday trying to figure out how to secure enough votes in the U.S. House to pass a trillion-dollar infrastructure bill Thursday, as Speaker Nancy Pelosi had promised. But some House progressives…
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