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 Biden cancels planned visit to Australia, Papua New Guinea to focus on debt ceiling talks By Aamer Madhani, Associated Press The cancellation is a foreign policy setback for an administration that has made putting a greater focus on the Pacific region central to its global outreach. 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
May 16 WATCH: McCarthy speaks after another round of debt ceiling talks with Biden By Lisa Mascaro, Seung Min Kim, Associated Press McCarthy said one important development from the meeting was that the president had “changed the scope” of who is negotiating in the staff conversations that have been slow-going over the past week. Continue reading
May 16 WATCH: White House hosts another round of debt ceiling talks between Biden, congressional leaders By Lisa Mascaro, Fatima Hussein, Seung Min Kim, Associated Press Crucial debt ceiling negotiations are still far from success, but a deal is possible by the end of the week, McCarthy said after a brief meeting Tuesday with President Joe Biden and other congressional leaders at the White House. Continue reading
May 11 Debt limit meeting between Biden, Congress leaders put off until next week By Lisa Mascaro, Zeke Miller, Associated Press The White House says President Joe Biden's follow-up meeting with congressional leaders on averting a potential default has been postponed until next week. Continue reading
May 10 WATCH: Biden goes after Republicans on debt limit in campaign-style speech By Seung Min Kim, Josh Boak, Associated Press Biden on Wednesday blasted Republican-demanded spending cuts as “devastating,” making his case in a campaign-style speech to voters as lawmakers met in Washington on raising the government's borrowing limit to avoid a potentially catastrophic U.S. default. Continue reading