Jun 02 WATCH: Biden celebrates a ‘crisis averted’ in Oval Office address on debt ceiling deal By Chris Megerian, Associated Press Biden is set to sign it at the White House on Saturday with just two days to spare until the Treasury Department has warned the U.S. wouldn't be able to meet its obligations. Continue reading
Jun 01 Senate votes to avoid a default, sends debt ceiling bill to Biden By Lisa Mascaro, Kevin Freking, Stephen Groves, Farnoush Amiri, Mary Clare Jalonick, Associated Press The compromise package negotiated between Biden and House Speaker Kevin McCarthy leaves neither Republicans nor Democrats fully pleased with the outcome. Continue reading
Jun 01 Watch 7:10 Bill to raise federal debt ceiling awaits final passage in Senate By Geoff Bennett, Lisa Desjardins, Kyle Midura, Tommy Walters The deal to raise the federal debt ceiling is moving toward final passage in Congress. Pressure is on the Senate after the House approved the bill Wednesday night. It has to happen before the government's borrowing authority maxes out on… Continue watching
Jun 01 WATCH: Senate approves bipartisan debt ceiling bill By Lisa Mascaro, Kevin Freking, Stephen Groves, Farnoush Amiri, Mary Clare Jalonick, Associated Press The result, after weeks of hard-fought budget negotiations, shelves the volatile debt ceiling issue that risked upending the U.S. and global economy until 2025 after the next presidential election. Continue reading
May 31 House approves debt ceiling bill to avoid default, sends deal to Senate By Lisa Mascaro, Kevin Freking, Stephen Groves, Farnoush Amiri, Associated Press Despite deep disappointment from hard-right Republicans that budget cuts don't go far enough, it was approved on a bipartisan House vote with Democrats. The Senate is expected to act quickly by the end of the week. Continue reading
May 31 WATCH: McCarthy holds news conference on Fiscal Responsibility Act By Lisa Mascaro, Kevin Freking, Stephen Groves, Farnoush Amiri, Associated Press The hard-fought deal pleased few, but lawmakers assessed it was better than the alternative — a devastating economic upheaval if Congress failed to act. Continue reading
May 31 Watch 5:48 Deal to raise debt ceiling and curb spending faces crucial votes in Congress By Geoff Bennett, Lisa Desjardins, Kyle Midura 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… Continue watching
May 31 WATCH: House approves debt ceiling bill to avoid default By Lisa Mascaro, Kevin Freking, Stephen Groves, Farnoush Amiri, Associated Press The debt ceiling and budget cuts package is heading toward a crucial U.S. House vote. Continue reading
May 30 Watch 3:14 Debt ceiling and budget battle now in House where some in both parties oppose it By Laura Barrón-López, Alexis Cox The high-stakes battle over the debt ceiling and budget deal is now in the House of Representatives. The bill faces key votes as a potential national default looms next week. Some in both parties oppose the weekend agreement, but the… Continue watching
May 30 Facing GOP backlash, McCarthy works to shore up votes for debt deal in time to prevent U.S. default By Lisa Mascaro, Kevin Freking, Stephen Groves, Associated Press Hard-right conservatives are criticizing the deal, while liberals decry new work requirements for older Americans in the food aid program. Continue reading