Economy May 26 Yellen says debt ceiling deadline is extended to June 5 By Lisa Mascaro, Seung Min Kim, Kevin Freking, Associated Press
Economy May 25 Threat of America’s credit downgrade looms over debt ceiling talks With one of three major rating agencies warning that America's AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation's debt limit. By Paul Wiseman, Christopher Rugaber, Associated Press
Politics May 24 How a debt default could affect you Let's walk through what the debt ceiling is, why it was created, and who could be affected first if the U.S. defaults on its bills. By Lisa Desjardins, Joshua Barajas
Politics May 16 How the U.S. could be pinched by a government default 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. By Darlene Superville, Associated Press
Politics May 09 Biden to meet with Speaker McCarthy, other congressional leaders, over debt ceiling crisis 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. By Lisa Mascaro, Associated Press
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 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
Apr 14 Wall Street holds steady a biggest banks post strong first-quarter profits By Joe McDonald, Matt Ott, Associated Press Wall Street held steady in premarket trading Friday as some of the nation's biggest banks posted strong first-quarter profits one day after markets surged on reports of slowing inflation. Continue reading