Will Us Default News Today

President Joe Biden hailed the Senate’s passage of the bipartisan debt ceiling deal on Thursday night.

Nvidia CEO Jensen Huang's company is riding the A.I. wave to a nearly trillion-dollar valuation.

It remains unclear how close officials are to shaking hands on an agreement, but it’s likely negotiators will aim to release legislative text before they leave for the day.

The Treasury Department is reportedly preparing a contingency plan for prioritizing payments on the governments obligations if stalled negotiations end up with the U.S. breaching its debt ceiling.

As the deadline to raise the debt ceiling inches closer and negotiations progress in a positive direction, House members head home for Memorial Day, expecting to be called back early next week to vote on the bill.

Vice President Kamala Harris virtually briefed "stakeholders" and members of the press on the Biden administrations debt ceiling negotiations with House Republicans Thursday, but the briefing was marred by technical difficulties that eventually booted the uncharacteristically raspy-voiced vice president from the call.

The country is embroiled in its most risky debt ceiling standoff in more than a decade, and Treasury officials are working both publicly and behind the scenes to prepare.