May 08 Lawsuit calls on Treasury Secretary Yellen to ignore ‘unconstitutional’ debt limit By Christopher Rugaber, Fatima Hussein, Associated Press A union of government employees has sued Treasury Secretary Janet Yellen and President Joe Biden to try to stop them from complying with the law that limits the government's total debt, which the lawsuit contends is unconstitutional. Continue reading
May 07 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. Continue reading
May 02 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. Continue reading
May 01 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… Continue reading
May 01 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. Continue reading
Feb 14 WATCH: Biden warns of crisis if the debt ceiling isn’t raised By Fatima Hussein, Chris Megerian, Associated Press President Joe Biden and Treasury Secretary Janet Yellen warned Tuesday of a potential economic crisis if a deal isn't reached to increase the federal debt ceiling. Continue reading
Jan 29 McCarthy and Biden to meet for discussion on debt limit, spending By Hope Yen, Associated Press House Speaker Kevin McCarthy said Sunday he is looking forward to discussing with President Joe Biden a “reasonable and responsible way that we can lift the debt ceiling ” when the two meet Wednesday for their first sit-down at the… Continue reading
Jan 20 Watch 10:23 Brooks and Capehart on the debt ceiling debate and Biden document investigations New York Times columnist David Brooks and Washington Post associate editor Jonathan Capehart join Geoff Bennett to discuss the week in politics, including the latest on President Biden's classified documents investigation and the debt ceiling debate in Congress. Continue watching
Jan 19 Watch 5:57 U.S. hits borrowing limit as Congress debates raising debt ceiling By Lisa Desjardins, Kyle Midura The United States government reached its debt limit Thursday, according to Treasury Secretary Janet Yellen. This means her agency must use accounting tactics to keep the government solvent while it waits on Congress to act. Congressional Correspondent Lisa Desjardins reports… Continue watching
Jan 13 Watch 4:10 News Wrap: Treasury Secretary says U.S. will hit debt limit next week In our news wrap Friday, Treasury Secretary Janet Yellen warned Congress that the federal government will hit its debt limit next Thursday, Russia’s defense ministry issued a new claim that a small town in eastern Ukraine has fallen after weeks… Continue watching