US debt ceiling news: Biden, GOP reach deal; now Congress must approve it to prevent calamitous default
There was a US debt ceiling update Sunday. President Joe Biden and the GOP have reached an "agreement in principle."
Stay updated with breaking news from Debt Ceiling Update. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
There was a US debt ceiling update Sunday. President Joe Biden and the GOP have reached an "agreement in principle."
Lawmakers in Washington have less than a week to reach a deal on the debt ceiling before the country runs out of money to pay its bills.
After several months of negotiations, President Biden's Build Back Better Plan is unlikely to meet the original goal of receiving approval by Christmas. The delay of the legislation could have...
The federal government was in danger of a U.S. default on its debt until Thursday, Dec. 16, when President Joe Biden signed a law to raise the debt ceiling. The legislation increases the government's...
Note: this article has been updated upon response from Senate Democrats. In a last-minute move just moments before the Senate was set to vote on the debt ceiling, Senate Minority Leader Mitch...