WASHINGTON, D.C. (NBC) – President Biden will speak to the nation Friday night now that the government has avoided default. In a bipartisan vote, the Senate passed the debt limit bill Thursday night. All that’s needed now is President Biden’s ...

WASHINGTON, D.C. (NBC) – President Biden and House Speaker McCarthy have been trying to sell their debt ceiling plan to skeptical lawmakers in both parties, urging them to support the bipartisan deal that would raise the nation’s debt limit while ...

WASHINGTON D.C. (NBC) – The pressure to raise the debt ceiling is growing more intense as the June 1st deadline approaches. Jobs, the country’s reputation, and the future of the economy are all on the line. Two sides say they ...

WASHINGTON, D.C. – Republican congressional legislators and the White House are continuing to seek an agreement to raise the debt ceiling. The U.S. risks a default and economic catastrophe if Congress fails to raise the borrowing limit by the June ...

WASHINGTON, D.C. (CNN) – Treasury Secretary Janet Yellen said Monday that the U.S. could default on its debt as soon as June 1st if Congress doesn’t act soon. In a letter to House Speaker Kevin McCarthy, Yellen said the federal ...

WASHINGTON, D.C. (NBC) – Treasury Secretary Janet Yellen and Federal Reserve Board Chairman Jerome Powell testified before the Senate Banking, Housing and Urban Affairs Committee Tuesday. Yellen said she believes the impact of Congress not acting on the debt limit ...

WASHINGTON, D.C. – Senate Democrats are considering changing the chamber’s rules and allowing the debt limit to be increased with a simple majority, plowing through without Republican support. Four sources with knowledge of the discussion told NBC News that creating ...

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