The deal would raise the ceiling for two years, cap some federal spending and impose new work requirements on certain federal benefits. It still needs the blessing of Congress.
House Speaker Kevin McCarthy, left, meets with President Joe Biden to discuss the debt limit in the White House on May 22, 2023.
AP Photo/Alex Brandon
Brinkmanship means coming to the edge of potential default on the US debt ceiling. Are lawmakers negotiating the debt limit representing the wishes and interests of their voters?
Treasury Secretary Janet Yellen doesn’t want to look back in anger over a debt deadline missed.
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House Speaker Kevin McCarthy agreed to raise the debt ceiling – and avoid an unprecedented US default – but only if Democrats agree to freeze spending and agree to several other demands.
The collapse of a US bank is the latest crisis for central banks to deal with. But rather than being saviours of the global economy, what if they are actually a big part of the problem?
Bill Clinton, at right, oversaw the first balanced budget since 1969, with some help from a bipartisan deal with Newt Gingrich.
AP Photo/Doug Mills
House Speaker McCarthy wants to put the US on a path to a balanced budget as debt ceiling negotiations begin with President Biden. Here’s why it won’t be easy to repeat what Bill Clinton accomplished.
Putting your money where his mouth is.
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As President Biden begins meeting with congressional leaders to resolve the debt ceiling showdown, an economist warns the consequences of a default could be dire.
Debt swaps in some countries have involved commitments to protect the ocean.
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An economist explains why defaulting on the national debt would result in economic crisis.
Residents of Masiphumelele informal settlement in Cape Town gather to collect food parcels provided by One South Africa Movement representative.
EFE-EPA/Nic Bothma
It is becoming increasingly clear that South Africa’s policymakers can no longer ignore the country’s obligations in terms of international, regional and national human rights law.
The sky’s not always the limit.
AP Photo/Susan Walsh
Borrowing to reduce unemployment and increase growth will pay for itself.
Secretary of State Mike Pompeo with Guyana’s president, Mohamed Irfaan Ali, Sept. 18. Pompeo is the first U.S. secretary of state to visit the tiny South American country.
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Tiny Guyana hoped to see unprecedented wealth this year as ExxonMobil’s offshore wells began pumping out crude. Instead, it got a pandemic and political strife. Other oil states are struggling, too.
America’s credit card has no spending limit.
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