Economy2 years ago
Americans face financial ‘catastrophe’
US Treasury Secretary Janet Yellen has warned that the United States is facing a catastrophic debt crisis if Congress fails to raise the statutory debt ceiling to fend off a default.
US debt ceiling crisis
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Economy3 years ago
US Senate to vote to raise debt limit, avoid unprecedented default
Senate Republicans had resisted voting on the debt ceiling for months, seeking to link the move to President Biden's proposed $1.75 trillion domestic spending bill.
Politics3 years ago
McConnell: GOP may let US default in December
US Senate Republican Leader Mitch McConnell has warned Biden that Republicans won't help raise the debt ceiling later this year.
Military3 years ago
Pentagon chief warns debt ceiling crisis threatens US national security
Pentagon chief Lloyd Austin warns he will not be able to ensure troops receive their pay on time if Congress fails to raise the debt limit.
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