What is the debt ceiling? Here's why Trump wants Congress to ... - CBS News
3 days ago · Congress last addressed the debt ceiling in June 2023 as part of a legislative package negotiated by President Biden and then-House Speaker Kevin McCarthy. That deal suspended the debt ceiling ...
What the debt ceiling is and why it's being debated | AP News
3 days ago · The debt ceiling, or debt limit, is the total amount of money that the United States government can borrow to meet its existing legal obligations. For the Treasury Department to borrow above that amount, the limit must be raised by Congress.
Biden and McCarthy reach a final deal to avoid US default and …
May 29, 2023 · The debt ceiling deal has come with just days to spare before a potential first-ever government default. On Sunday, President Joe Biden and House Speaker Kevin McCarthy reached a final agreement and they are urging Congress to quickly pass it.
Trump would abolish the debt ceiling. Here’s what’s going on
2 days ago · President-elect Donald Trump confounded members of Congress and flipped the government spending debate on its head when he demanded a premature increase to the debt ceiling on “Biden’s watch ...
Trump shakes up spending talks with call on Congress to eliminate debt …
3 days ago · How Trump is influencing decision-making on Capitol Hill 01:13. In a move that has stunned Washington, President-elect Donald Trump is now urging Congress to eliminate the debt ceiling ...
June 1, 2023 Senate passes US debt ceiling bill | CNN Politics
Jun 2, 2023 · Addresses the debt ceiling: The agreement would suspend the nation’s $31.4 trillion debt limit through January 1, 2025. This removes it as a potential issue in the 2024 presidential...
Senate passes debt ceiling deal | CNN Politics
Jun 3, 2023 · President Joe Biden said he will sign the debt limit bill on Saturday. The legislation was passed by both chambers of Congress this week as lawmakers scrambled to avoid a US debt default.
Just days to spare, Senate gives final approval to debt ceiling deal ...
Jun 2, 2023 · Fending off a U.S. default, the Senate has given final approval to a debt ceiling and budget cuts package. It's now on its way to President Joe Biden’s desk to become law before a fast-approaching deadline. The Senate ground through late-night voting Thursday to wrap up work on the hard-fought deal.
Debt ceiling live updates: Congress approves deal, averting a US …
Jun 2, 2023 · The US Senate passes a bipartisan debt limit bill to avoid a default after weeks of tense negotiations. Senators first considered 11 amendments.
Debt ceiling vote news: Biden-McCarthy plan passes, heads to …
Jun 1, 2023 · The House voted to pass Speaker Kevin McCarthy's debt ceiling deal with President Joe Biden tonight on a 314-117 vote. The bill will now go to the Senate ahead of Monday’s deadline to act or...