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Debt ceiling crisis

The latest news on negotiations to reach a debt ceiling agreement before the June 1 deadline.

DEBT CEILING

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More on the debt ceiling

117d ago

What the debt ceiling deal would mean for student loan payments and forgiveness

Federal student loan borrowers could expect to begin repaying their bills in late summer as the larger question over loan forgiveness hangs in the balance.
People rally to show support for the Biden administration's student debt relief plan in front of the Supreme Court on Feb. 28, 2023.
People rally to show support for the Biden administration's student debt relief plan in front of the Supreme Court on Feb. 28, 2023.
117d ago

Debt ceiling deal details: What does the Biden-McCarthy bill include?

Republicans and Democrats each won some concessions.
Kevin McCarthy and Joe Biden in the Oval Office
Kevin McCarthy and Joe Biden in the Oval Office
118d ago

New debt limit bill trashed by GOP hard-liners as party leaders push for votes

Some Republicans are confident: “Oh, this thing will absolutely pass,” said Rep. Dusty Johnson, the chair of the center-right Main Street Caucus.
Kevin McCarthy during a news conference with house and senate Republicans on the "debt crisis," at the U.S. Capitol
Kevin McCarthy during a news conference with house and senate Republicans on the "debt crisis," at the U.S. Capitol
119d ago

Bipartisan agreement reached to avoid debt-limit default, Biden announces

House Speaker Kevin McCarthy finalized the language of the deal Sunday. The bill is expected to go to the House on Wednesday evening.
House Speaker Kevin McCarthy, R-Calif., and President Joe Biden in the Oval Office on May 22, 2023.
House Speaker Kevin McCarthy, R-Calif., and President Joe Biden in the Oval Office on May 22, 2023.
119d ago

Inside the Florida group pushing to slash food stamp rolls nationwide

Debt ceiling negotiators on Capitol Hill have agreed to tighten work requirements for nutrition benefits, a longtime conservative goal that the low-profile Foundation for Government Accountability has been helping to advance at the state level.
Photo Illustration: The US capitol overlaid on illustrations of EBT cards
Photo Illustration: The US capitol overlaid on illustrations of EBT cards
120d ago

White House and Republicans reach tentative debt ceiling deal

Speaker McCarthy, who announced the agreement Saturday night, will speak with GOP lawmakers on Saturday night to outline the agreement.
Image: President Biden Meets With Speaker McCarthy As Debt Ceiling Negotiations Continue
Image: President Biden Meets With Speaker McCarthy As Debt Ceiling Negotiations Continue
120d ago

Debt ceiling news: 'An agreement in principle' is reached

Republican lawmakers will hold a call to discuss the details tonight.
january 6 speaker search
january 6 speaker search
121d ago

Debt ceiling news: Treasury says June 5 is the deadline

Both sides sounded optimistic Friday, even as lawmakers headed home for the holiday weekend.
WASHINGTON, DC - DECEMBER 16: The dome of the U.S. Capitol is reflected in displaced stone on the east front plaza on December 16, 2019 in Washington, DC. Washington is preparing for the House of Representatives to hold the historic vote on the Articles of Impeachment of President Donald Trump later this week. If the vote passes in the House, President Trump will become only the third sitting U.S. President to be impeached in the 243 year history of the United States.
WASHINGTON, DC - DECEMBER 16: The dome of the U.S. Capitol is reflected in displaced stone on the east front plaza on December 16, 2019 in Washington, DC. Washington is preparing for the House of Representatives to hold the historic vote on the Articles of Impeachment of President Donald Trump later this week. If the vote passes in the House, President Trump will become only the third sitting U.S. President to be impeached in the 243 year history of the United States.
121d ago

House Democratic angst grows as Biden's debt limit negotiations with GOP drag on

Some want the president to use his bully pulpit more. Others are openly warning of a progressive "backlash" in his 2024 re-election bid if he cuts a bad deal with Republicans.
Joe Biden at the White House
Joe Biden at the White House
121d ago

What will happen if the U.S. hits the debt ceiling?

The U.S. is a week away from no longer having enough money to pay all of its bills. If that happens, Treasury Secretary Janet Yellen will be the one to determine who gets paid and when.
Steam from an exhaust vent on the east front of the U.S. Capitol complex partially obscures the dome on March 21, 2023.
Steam from an exhaust vent on the east front of the U.S. Capitol complex partially obscures the dome on March 21, 2023.
122d ago

Debt ceiling: A deal is coming soon, GOP aide says

House Republicans sent negotiators to the White House yesterday.
The U.S. Capitol dome Nov. 9, 2022.
The U.S. Capitol dome Nov. 9, 2022.