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Debt ceiling deal's next steps — House sends bill to Senate The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up. Jun 1, 2023 President Biden, House Speaker McCarthy reach tentative agreement on US debt ceiling ...
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As Congress and the White House face down a deadline to raise the debt ceiling, the U.S. moves closer to a possible default. CBS News' Errol Barnett has a look at why the U.S. handles its debt differently than any other nation. May 5, 2023 02:14 McCarthy says House will take...
Senate Majority Leader Chuck Schumer says the Senate will stay in session until the debt deal is passed. 2 years ago Senate preps for vote on debt ceiling deal ABC News’ Jay O’Brien joins us from Capitol Hill where he breaks down the latest in Senate negotiations over the debt ceiling ...
government would actually pay back the debt. And the very thought that they wouldn't will make it more expensive for us to borrow in the future, because we're gonna have to compensate people for the risk that this whole drama will play out again in a few years." Maya MacGuineas said ...
US oil prices dropped below $70 a barrel Tuesday amid concerns about whether the debt ceiling deal will make it through Congress. Crude oil slumped 4.4% to close at $69.46 a barrel, the lowest settlement price in nearly four weeks. The selloff marks one of the worst days of the year...
Agreement reached: The White House and Republicans have agreed in principle on a deal to raise the debt ceiling, House Speaker Kevin McCarthy said Saturday, moving the US one step back from the brink of a historic default. What’s in the deal: Not all details of the agreement are availabl...
Yellen: US will hit debt ceiling in mid- or late-January Congress Democrats dodge a debt ceiling deal White House Biden is AWOL as Washington spirals into shutdown chaos TRANSITION OF POWER Trump was gliding into his inauguration. Now he’s facing a big mess. ...