DebtLimit

The recent deal by US lawmakers to suspend the nation’s statutory debt-limit will have a “low” impact on the country’s credit profile, according to Moody’s Investors Service. The outcome is “consistent” with a stable outlook on the Aaa…

Breadcrumb Trail Links PMN Business President Joe Biden signed legislation averting a US debt default, sidestepping a catastrophic blow to the economy with a bipartisan victory that defied Washington expectations. Author of…

Breadcrumb Trail Links PMN Business President Joe Biden plans to say the debt-limit agreement he struck with Republicans was “essential” to avoiding an economic crisis and that it preserved the core accomplishments of his first…

Breadcrumb Trail Links PMN Business The House passed debt-limit legislation forged by President Joe Biden and Speaker Kevin McCarthy that would impose restraints on government spending through the 2024 election and avert a…

The debt-limit agreement forged by President Joe Biden and House Speaker Kevin McCarthy heads into a crucial final stretch with less than a week to win congressional passage before a June 5 default deadline. Biden and McCarthy spent much…

Breadcrumb Trail Links PMN Business White House and Republican negotiators reached a tentative deal late Saturday to raise the US debt ceiling and avert a default that threatened to send tremors through the global economy.…

Breadcrumb Trail Links PMN Business President Joe Biden and House Speaker Kevin McCarthy spoke by phone Saturday evening as their negotiators on a debt-limit deal rush to finalize an agreement to avert a catastrophic default,…

The amount of money the US government has to pay its bills tumbled to the lowest since 2021, posing a risk the administration will run out of funds by early next month if the statutory debt limit isn’t raised or suspended before then. The…

Article content (Bloomberg) — Debt-limit negotiators will resume discussions in Washington ahead of a meeting on Monday between President Joe Biden and House Speaker Kevin McCarthy, as time grows short to avert a US default.  Article…

Article content (Bloomberg) — Speaker Kevin McCarthy said that the House will pass his $1.5 trillion debt-ceiling increase plan this week, but he dodged when asked if he has already secured the 218 Republican votes he needs. Article…