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US debt ceiling crisis: What happens if impasse between Joe Biden and Republicans can t be resolved

The US government aims to reach a budget compromise by 1 June. Republicans, led by Kevin McCarthy, demand spending cuts in exchange for raising the debt limit. While US president Joe Biden has joined the talks, he has urged GOP members to reconsider their extreme positions

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Congress Has Just Days to Lift Debt Ceiling, Save Retirement Benefits

The clock is ticking for both Republicans and Democrats to avert a preventable, but devastating, economic catastrophe.

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US Likely Won t Make It to June 15 Without Defaulting If No Debt Deal

"My assessment is that the odds of reaching June 15th, while being able to pay all of our bills, is quite low," Treasury Secretary Janet Yellen said.

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McCarthy Thinks Congress Will Quickly Pass Debt Ceiling Deal if Agreement Reached With Biden

Congress will approve a deal on the debt ceiling if the president and the speaker of the House .

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US House Speaker McCarthy to hold a press conference around 7pm US Eastern time

US House Speaker McCarthy to hold a press conference around 7pm US Eastern time
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