debt ceiling

WATCH: White House holds news briefing as Biden, Congress continue debt ceiling fight

By Lisa Mascaro, Associated Press

As President Joe Biden meets Tuesday with House Speaker Kevin McCarthy and other congressional leaders for the first time over the debt ceiling crisis, the options for easing out of the standoff are many.

Yellen warns of economic ‘calamity’ if Congress doesn’t raise debt limit

By Zeke Miller, Associated Press

Treasury Secretary Janet Yellen said Sunday that there are “no good options” for the United States to avoid an economic “calamity” if Congress fails to raise the nation's borrowing limit of $31.381 trillion in the coming weeks.

WATCH: Senate Budget Committee discusses House GOP debt ceiling bill

By Kevin Freking, Associated Press

Senate Democrats pressured Republicans on the debt ceiling impasse Thursday, focused in a hearing on what they say will be painful reductions in government services if a bill recently passed by the House becomes law.

White House economists warns of recession as debt ceiling fight drags on

By Zeke Miller, Josh Boak, Associated Press

In a new report, they detail potential job losses and stunted economic growth if lawmakers engage in "brinkmanship" before ultimately reaching a deal to meet the government's financial obligations.

5 things to know about the debt ceiling crunch

By Lisa Desjardins

A great many words will be said in the coming days about what should happen now after the Treasury Department revised the debt limit deadline. Here's what you should know.

AP report: Biden calls on congressional leaders to meet on May 9 as debt ceiling fight continues

By Josh Boak, Lisa Mascaro, Associated Press

President Joe Biden has phoned all four Congressional leaders and invited them to a May 9 meeting at the White House — a sign of the rising pressure to raise the debt cap as the Treasury Department is warning of…

Treasury Secretary Yellen says U.S. could hit debt ceiling as soon as June 1

By Fatima Hussein, Associated Press

Treasury Secretary Janet Yellen has notified Congress that the U.S. is projected to reach its debt limit as early as June 1, if the body does not raise or suspend the debt limit before then.

WATCH: Biden takes jab at McCarthy over debt plan during remarks for National Small Business Week

By News Desk

In his White House speech celebrating small businesses, Biden portrayed the House Republicans' plan as an attempt to extort spending cuts from the administration by putting the federal government at risk of default.

Here’s what’s in the GOP bill to lift the U.S. debt limit

By Kevin Freking, Associated Press

The bill has virtually no chance of becoming law, but Republicans hope it will force Biden to the negotiating table on the debt limit.

House Republicans pass U.S. debt bill, pushing Biden on spending

By Lisa Mascaro, Associated Press

House Republicans have passed a sweeping debt ceiling package as they try to push President Biden into negotiations on federal spending. It's the start of efforts to avoid a potentially catastrophic government debt default this summer.