President Biden said he and House Speaker Kevin McCarthy are making progress on an agreement over the national debt ceiling.
Photo: Evelyn Hockstein/Reuters, seeking to overcome final hurdles on issues regarding the budget as well as requiring more people to work to receive federal benefits.Continue reading your article with
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Debt ceiling talks making progress, McCarthy says, as deadline nearsHouse negotiators are making progress toward an agreement with the White House to raise the nation's debt ceiling, racing to close out a deal ahead of a looming deadline to avert a potentially catastrophic government default.
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US extends projected 'X-date' for federal default to June 5Treasury Secretary Janet Yellen extends debt ceiling deadline, warning failure to raise America's debt ceiling, now at $31 trillion, would cause 'severe hardship' and inflict economic turmoil at home and globally.
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Biden won't use 14th Amendment to raise the debt limit, Treasury official saysPresident Biden would not use the 14th Amendment to unilaterally raise the debt ceiling, Deputy Treasury Secretary Wally Adeyemo says: 'I think the president and the secretary have been very clear that that will not solve our problems now.'
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Social Security, healthcare, veterans likely casualties of US debt defaultClock ticks down on what US government says is a June 1 'X-date' for it to run out of money and trigger likely devastating economic upheaval as tug-of-war between Republicans and Democrats continues
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Biden says he, McCarthy had productive talks on debt ceilingU.S. President Joe Biden said he has had several productive conversations with House Speaker Kevin McCarthy in their standoff over the federal government's debt ceiling, adding that staff negotiators were continuing talks on Thursday afternoon.
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