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Bookmark or Share- Biden and McCarthy reach a final deal to avoid US default and now must ...Published 7:15 PM PDT, May 28, 2023. WASHINGTON (AP) — With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached final agreement Sunday on a deal to raise the nation’s debt ceiling and worked to ensure enough support in Congress to pass the measure in the coming week.
- The U.S. Debt Ceiling: Everything You Need to Know - The New York TimesThe national debt now stands at $28.43 trillion, according to the Peter G. Peterson Foundation’s live tracker. Currently the borrowing cap is set at $28.4 trillion, leaving the federal ...
- US Debt: 5 Myths About America's $33 Trillion Debt MountainUpdated. Dec 24, 2023, 12:34 PM PST. Share. The national debt balance blew past $33 trillion for the first time this year. AP. The US's $33 trillion debt mountain may not be as bad as it seems....
- Debt ceiling news: 'An agreement in principle' is reachedTreasury Secretary Janet Yellen has repeatedly warned that without an increase to debt ceiling, the United States could run out of cash to pay the bills. On Friday, she said the deadline was now...
- The U.S. Hit the Debt Ceiling. What Does That Mean and What Happens Now ...After a protracted standoff in late 2021, Congress agreed to raise the borrowing cap to $31 trillion. Although the debt ceiling debate often elicits calls by lawmakers to cut back on government...
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