Why a U.S. debt deal may only provide short-term relief for markets
Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets.
White House and Republicans reach tentative deal on U.S. debt ceiling
The deal would raise the debt limit for two years while capping spending over that time, clawing back unused COVID funds and speeding up the permitting process for some energy projects.
Frantic negotiations, late nights and no deal on America’s debt
But all of the talking has so far failed to produce a deal to raise the country’s debt limit, raising fears of a potentially catastrophic default that could upend financial markets.
The U.S. secretary of the Treasury says the American government will hit the current debt ceiling on June 1. If it is not lifted, it will run out of money and be unable to pay its bills.
Economic hit of U.S. debt deal may affect presidential races in 2024 and 2028
Multiyear spending cuts would weigh down a re-election campaign by U.S. President Joe Biden next year, and lifting them would bring a tailwind for whomever is president in years that follow.
Now that he's in 2024 race, Ron DeSantis needs more than anti-Trump voters
Analysts say DeSantis needs to build a strong base within the segment of the Republican Party not aligned with Trump before he can try to broaden his appeal.
Biden seeks to call McCarthy after debt-limit talks hit impasse
The president signaled over the weekend that he remains confident the U.S. government can avoid a catastrophic default.
Trump or DeSantis? Neither, say Ukrainian-American voters angry at war stance
Americans claiming Ukrainian descent may only total close to 1 million, but they are densely distributed in competitive areas.
U.S. on track for June 1 default without debt ceiling hike, Treasury says
In her second letter to Congress in two weeks, Treasury Secretary Janet Yellen confirmed that the agency will be unlikely to meet all U.S. government payment obligations by early June.
Trump jokes about sexual abuse verdict, repeats election falsehoods
An unrepentant Donald Trump held firm to past grievances at the first televised town hall of the 2024 U.S. presidential election.
Most fake Trump electors have taken immunity deals in Georgia case
Prosecutors are nearing charging decisions after investigating whether former President Donald Trump and his allies illegally meddled in Georgia’s 2020 election.
Pressure building ahead of deadline to avert catastrophic U.S. debt default
The U.S. is expected to reach a temporary agreement to increase the debt limit, allowing the government to continue borrowing money to fund its operations as negotiations continue.
