May 20 Watch 2:00 News Wrap: Debt ceiling standoff looms as Biden attends G7 talks In our news wrap Saturday, Biden heads into his last day of the G7 summit in Japan as debt limit talks stall in Congress, Ukrainian President Zelenskyy arrived in Hiroshima to gather support from world leaders ahead of a planned… Continue watching
May 20 Debt limit talks make little apparent progress as Biden, world leaders watch from afar By Kevin Freking, Associated Press Debt limit talks between the White House and House Republicans stopped, started and stopped again heading into a weekend where President Joe Biden and world leaders watched from afar, hoping high-stakes negotiations would make progress on avoiding a potentially catastrophic… Continue reading
May 19 WATCH: White House holds briefing as Biden attends G-7 summit, debt limit talks stall By Lisa Mascaro, Farnoush Amiri, Zeke Miller, Associated Press Top Republican negotiators for McCarthy said after the evening session that they were uncertain on next steps. But the White House publicly expressed optimism that a resolution could be reached if parties negotiated in “good faith.”… Continue reading
May 19 House Republicans ‘press pause’ on debt ceiling talks, criticize White House By Kevin Freking, Lisa Mascaro, Zeke Miller, Associated Press A top debt ceiling negotiator for House Speaker Kevin McCarthy says it's time to "press pause" on talks as negotiations with the White House have come to an abrupt standstill at the Capitol. Continue reading
May 19 New poll shows majority of adults in U.S. say they are concerned about debt limit, don’t understand latest negotiations By Darlene Superville, Fatima Hussein, Associated Press A new poll finds that most U.S. adults say they are highly concerned about how the nation's economy would be affected if the debt limit isn't increased and the government can't pay its debts. Continue reading
May 18 Here’s why a government default could be worse than a government shutdown By Fatima Hussein, Associated Press All the hand-wringing over a potential government default if Congress doesn't increase the national debt limit has conjured up images of past government shutdowns. Continue reading
May 18 WATCH: House Democrats leader Jeffries holds news briefing amid debt ceiling negotiations By Lisa Mascaro, Associated Press President Joe Biden and McCarthy both tapped their top representatives to work more furiously ahead of a deadline as soon as June 1. That's when the U.S. could run out of funds to pay its obligations, sparking an economic crisis. Continue reading
May 17 Who are the 4 negotiators in the U.S. debt limit fight? By Seung Min Kim, Kevin Freking, Associated Press President Joe Biden and House Speaker Kevin McCarthy are turning to a select group of negotiators to help broker a deal to increase the nation's borrowing authority and avoid the economic carnage that would ensue if a deal is not… Continue reading
May 17 WATCH: Biden ‘confident’ agreement will be made with GOP, no debt default for U.S. By Seung Min Kim, Lisa Mascaro, Associated Press President Joe Biden is declaring he's confident the U.S. will avoid an unprecedented and potentially catastrophic debt default, saying talks with congressional Republicans have been productive. Continue reading
May 16 How the U.S. could be pinched by a government default By Darlene Superville, Associated Press Millions of job cuts. No Social Security checks. Disrupted services like air traffic control. Treasury Secretary Janet Yellen says these are some of the ways consumers could be hurt if the U.S. experienced an unprecedented government default. Continue reading