Senate passes massive budget deal
The Senate passed Thursday a massive budget deal that would stave off the looming threat of a potential default on US debt and prevent automatic spending cuts to domestic and military funding.
debt ceiling
House passes sweeping budget and debt limit deal
The House of Representatives on Thursday passed a sweeping two-year budget and debt limit deal that would stave off the looming threat of a potential default on US debt and prevent automatic spending cuts to domestic and military funding.
Trump says deal reached on budget
President Donald Trump announced Monday evening that a sweeping two-year, $1.37 trillion budget deal has been struck, calling the plan a "real compromise."
WaPo: Budget deal nears, would require Trump's approval
The Washington Post reports negotiators are nearing a federal budget deal that would include few—if any—immediate spending cuts, and would lift the debt limit for two years, kicking the can down the road and past the next presidential election.
How Jerome Powell stopped a US default in 2011
In May of 2011, then-Treasury Secretary Tim Geithner issued a stark warning letter to Congress: the US government had hit the debt limit and would no longer be able to pay its bills past August 2. That gave Congress exactly 11 weeks before America's wallet would be empty.
Debt ceiling fight: No deal yet
All eyes are on House Speaker Nancy Pelosi and those telephone calls with Treasury Secretary Steven Mnuchin and the bottom line is simple: every day there is less time and getting a deal locked in becomes more essential.
3 reasons to fear America's $70 trillion debt pile
America's debt load is about to hit a record. The combination of cheap money and soaring debt helped fuel the decade-long economic expansion and bull market, but America's gluttony of loans could work against it if its fragile economic balance shifts.
US budget deficit jumps 23.1% over last year as debt crisis looms
The US budget deficit jumped 23.1% in the first nine months of the fiscal year compared with the same period a year ago, according to the US Treasury.
Congress returns with no sign of spending deal
Lawmakers return to the Capitol this week with negotiations over a crucial budget deal, in the words of one senior official involved, "as far away from agreement as they've been."
No deal yet on budget caps, debt limit
Bipartisan Senate leaders are expressing optimism over budget talks, but a meeting between top lawmakers and administration officials concluded on Tuesday without a deal, despite Senate Majority Leader Mitch McConnell saying earlier that he hoped an agreement could be reached before the end of the day.
Top congressional leaders to meet with White House to talk budget
The top four congressional leaders will meet next week with White House officials to officially launch negotiations over a two-year budget deal, according to two people familiar with the matter.
Debt crisis looms over Washington
The US government is hurtling toward a potential financial crisis, and no one in Washington seems to know how to stop it.
The 3 biggest risks to stocks in 2019
After such a volatile 2018, predicting what the US stock market will do in 2019 is like guessing where a single piece of paper will land in a windstorm.
Why Washington is making Wall Street so jumpy
The only place more chaotic than Washington right now seems to be Wall Street.
Senate leaders upbeat about possible deal to raise budget caps
Bipartisan Senate leaders were upbeat Tuesday that a deal to raise budget caps is within reach, a potentially key breakthrough needed to resolve long-term government funding needs, though it's unclear if comments President Donald Trump made saying he'd "love to see a shutdown" would harm negotiations.
The US government has a ballooning borrowing problem
The new numbers are in -- and the country's borrowing problem is growing.
Mnuchin cites September as possible debt ceiling crunch
For the first time, Treasury Secretary Steven Mnuchin on Monday offered a specific month for when the government might come dangerously close to breaching its legal debt limit.
