Biden, McCarthy say they have brokered a debt limit deal to avert U.S. default
McCarthy was expected to speak with members of the House Republican conference on a call later Saturday night.
U.S. could default as early as June 1, Yellen warns Congress
The U.S. hit its $31.4 trillion borrowing limit on Jan. 19, triggering the Treasury Department to invoke “extraordinary measures."
Here’s how Silicon Valley Bank’s collapse differs from our last financial crisis
One result of the banks’ collapse could be a little loosening of the Federal Reserve’s position on interest rate increases.
U.S. hits debt limit and Treasury Department begins ‘extraordinary measures’
'The debt ceiling is officially a ticking time bomb we can’t diffuse soon enough,' U.S. Rep. Brendan Boyle, the ranking Democrat on the House Budget Committee, said
U.S. to hit debt limit much sooner than expected, thrusting Congress into showdown
The country will reach the debt limit on Jan. 19 at which point the Treasury Department will begin using extraordinary measures.