Us Default News Today

Biden used his inaugural speech to the nation from the Oval Office to highlight the bill and the compromises it contains, pointing to the importance of averting a default.

Biden used his inaugural speech to the nation from the Oval Office to highlight the bill and the compromises it contains, pointing to the importance of averting a default.

The bar was set low for Kevin McCarthy, a newcomer to the speakership, while Joe Biden is an unpopular president who first refused to talk on lifting the debt ceiling. Also, the fact that they are on opposing sides in Washingtons political fight makes their feat all the more remarkable

The legislation passed the upper chamber a day after the House united in rare bipartisan fashion to approve the deal reached between Republicans in the White House last week.

The legislation passed the upper chamber a day after the House united in rare bipartisan fashion to approve the deal reached between Republicans in the White House last week.

The goal is to get the bill signed by President Joe Biden before Monday, when the U.S. Treasury says it will run out of money to pay its debts.

Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of centrist Democrats and Republicans against fierce conservative blowback and progressive dissent

The bar was set low for Speaker of the House Kevin McCarthy, known more for politicking and fundraising than for policymaking. But, in the end, he delivered a debt-limit agreement that few expected, leaving some of his Republican colleagues feeling deceived

The goal is to get the bill signed by President Joe Biden before Monday, when the U.S. Treasury says it will run out of money to pay its debts.

The White House and congressional leaders are working to ensure passage in time to lift the nation's borrowing limit and prevent a U.S. default.