WASHINGTON — The federal government hit its $31.4 trillion borrowing limit Thursday amid a standoff between the Republican-controlled House of Representatives and President Joe Biden’s Democrats that could lead to
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The U.S. will likely hit its $31.4 trillion debt ceiling Thursday. A default could follow, would have far-reaching negative impacts for consumers and investors.
The US government is set to hit its self-imposed borrowing limit today and both Wall Street and Washington are hoping for a resolution — but preparing for the worst.
As the U.S. creeps towards its debt ceiling and a political standoff takes shape, NPR's Juana Summers speaks with two of the negotiators who helped broker a deal to raise the debt limit in 2011.
WASHINGTON — The federal government hit its $31.4 trillion borrowing limit Thursday amid a standoff between the Republican-controlled House of Representatives and President Joe Biden’s Democrats that could lead to
The U.S. government hit its $31.4 trillion borrowing limit on Thursday, just as newly empowered House Republicans, led by Speaker Kevin McCarthy (R-CA), say they’ll use the debt ceiling to force budget cuts.
