Latest Sovereign debt News

Crunch time: Biden faces critical next 2 weeks for agenda

Oct. 18, 2021 13:59 PM EDT

WASHINGTON (AP) — President Joe Biden is entering a crucial two weeks for his ambitious agenda, racing to conclude contentious congressional negotiations ahead of both domestic deadlines and a chance to showcase his administration’s accomplishments on a global stage. ...

Biden signs debt limit hike, but December standoff looms

Oct. 14, 2021 20:08 PM EDT

WASHINGTON (AP) — President Joe Biden on Thursday signed into law a bill raising the nation's debt limit until early December, delaying the prospect of an unprecedented federal default that would cause economic disaster. The House passed the $480...

Editorial Roundup: U.S.

Oct. 13, 2021 12:38 PM EDT

Excerpts from recent editorials in the United States and abroad: Oct. 8 The Los Angeles Times on the danger of turning the debt limit into political theater: Congratulations to Congress for avoiding economic catastrophe for...

House sends debt limit hike to Biden, staving off default

Oct. 13, 2021 07:01 AM EDT

WASHINGTON (AP) — The House has approved a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy. The $480...

House sends debt limit hike to Biden, staving off default

Oct. 12, 2021 19:28 PM EDT

WASHINGTON (AP) — Members of the House on Tuesday pushed through a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy. ...

Congress off the rails? Lawmakers barrel toward fall fights

Oct. 11, 2021 10:10 AM EDT

WASHINGTON (AP) — Year-end pileups of crucial legislation and the brinkmanship that goes with them are normal behavior for Congress. This autumn, lawmakers are barreling toward battles that are striking for the risks they pose to both parties. Though few doubt that...

McConnell seizes on debt standoff to undermine Biden agenda

Oct. 09, 2021 15:00 PM EDT

WASHINGTON (AP) — In the frantic bid to avert a default on the nation’s debt, Senate Republican leader Mitch McConnell held a position of unusual power — as the one who orchestrated both the problem and the solution. McConnell is no longer the majority leader, but...

McConnell says he won't help Dems raise debt limit again

Oct. 08, 2021 22:04 PM EDT

WASHINGTON (AP) — Senate Minority Leader Mitch McConnell said Friday he would not again help Democrats extend the government's borrowing authority, raising fresh doubts about how Congress will avert a federal default when a temporary patch expires in December. McConnell...

Senate dodges US debt disaster, voting to extend borrowing

Oct. 07, 2021 22:50 PM EDT

WASHINGTON (AP) — The Senate dodged a U.S. debt disaster Thursday night, voting to extend the government’s borrowing authority into December and temporarily avert an unprecedented federal default that experts warned would devastate the economy and harm millions of Americans. ...

How major US stock indexes fared Thursday

Oct. 07, 2021 16:40 PM EDT

Stocks are closing higher on Wall Street Thursday as investors welcomed progress in Congress’ standoff over extending the federal debt ceiling. A temporary extension will give lawmakers more time to reach a permanent resolution. The S&P 500, the Dow Jones...