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debt default

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A red traffic light is seen in front of a general view of the New York Stock Exchange on Wall Street in New York City.

Politics May 24

How a debt default could affect you

By Lisa Desjardins, Joshua Barajas

World May 22

A Thai investor walks past an electronic board displaying live market data at a stock broker's office in central Bangkok August 9, 2011. Photo by Chaiwat Subprasom/REUTERS
Here’s what would happen to the global economy if the U.S. defaults on its debt

If the debt crisis roiling Washington were eventually to send the U.S. crashing into recession, America's economy would hardly sink alone. The repercussions of a first-ever default on the federal debt would quickly reverberate around the world.

By Paul Wiseman, Associated Press

Politics Dec 15

U.S. Senate Majority Leader Schumer speaks to reporters at the U.S. Capitol in Washington
Congress sends Biden $2.5 trillion debt limit hike, averting default

Capping a marathon day, the House gave final approval to the legislation early Wednesday morning on a near-party-line 221-209 vote, defusing a volatile issue until after the 2022 midterm elections.

By Brian Slodysko, Associated Press

Politics Dec 14

FILE PHOTO: U.S.Senate Democrats hold weekly policy lunch at the U.S. Capitol in Washington
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.

By Brian Slodysko, Associated Press

World Jun 29

Watch 4:11
On brink of default, Greece imposes cash crunch

The Greek government closed all banks and made ready to default on a major debt payment after bailout talks with international creditors collapsed over the weekend. Greeks lined up at ATMS and rushed to gas stations, but were met with…

By PBS News Hour

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