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WASHINGTON — House Speaker Kevin McCarthy said Thursday that “every hour matters” as his team scrambles to finalize a budget deal with the White House tha

By MARY CLARE JALONICK, LISA MASCARO and COLLEEN LONG Associated Press WASHINGTON (AP) — In just days, the U.S. government could run out of cash to pay its

House Speaker Kevin McCarthy said Thursday that every hour matters as his team scrambles to finalize a budget deal with the White House that would enable the government to avoid a potentially catastrophic default. The two sides have to strike a deal in a matter of days before the country runs out of cash to pay its bills.

As the debt ceiling fight in Washington heads down to the wire with the risk of a technical default looming, investors are growing nervous. Some are f

House Republicans still don’t have a deal with President Joe Biden to raise the nation’s debt ceiling a little more than a week away from a potentially catastrophic default. House

Fitch Places United States AAA Rating On Watch Negative, Blames "Political Partisanship" With its CDS trading like an emerging market, it is likely no…

Fitch issued a warning about U.S. debt, noting that its action "reflects increased political partisanship that is hindering reaching a resolution to raise or suspend the debt limit."

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

The credit-rating division of Morningstar said Thursday that the U.S. economy might be at risk of losing its pristine rating even if negotiations over the debt ceiling yield progress over the coming days.

The debt ceiling politics could result in an American downgrade—if not default.