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The US credit rating has been downgraded. Here's what that means for consumers
Fitch’s move comes just weeks after the White House and Congress resolved a standoff on whether to raise the government’s borrowing limit. Here’s what you need to know.
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Fitch downgrades US credit rating from top score, citing rising debt and political divisions
The decision illustrates one way that growing political polarization and repeated Washington standoffs over spending and taxes could end up costing U.S. taxpayers
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Biden Signs Debt Ceiling Bill That Pulls US Back From Brink of Unprecedented Default
With just two days to spare, President Joe Biden has signed legislation that lifts the nation’s debt ceiling. That averts an unprecedented default on the federal government’s debt. The Treasury Department had warned that the country would start running short of cash to pay all of its bills on Monday, a development that would have sent shockwaves through the U.S....
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Debt Deal Imposes New Work Requirements for Food Aid and That Frustrates Many Democrats
Democrats are deeply conflicted about the food aid requirements that President Joe Biden negotiated as part of the debt ceiling deal.
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‘Crisis Averted': Biden Stresses Bipartisan Work to Finish Debt Limit Bill
President Joe Biden stressed the importance of Democrats and Republicans working together to pass a new debt limit bill.
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Biden Celebrates Bipartisanship, ‘Crisis Averted' in Oval Office Address on Debt Ceiling Deal
President Joe Biden celebrated a “crisis averted” in his speech to the nation from the Oval Office Friday evening.
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Senate Passes Debt Ceiling Bill
The Senate approved the debt ceiling deal negotiated by the Biden administration and Speaker Kevin McCarthy Thursday.
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Senate OKs Debt Ceiling Bill to Avoid Default, Sends It to Biden
Approval in the Senate on a bipartisan vote, 63-36, reflected the overwhelming House tally the day before, relying on centrists in both parties to pull the Biden-McCarthy package to passage.
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House Passes Debt Ceiling Bill
The House of Representatives approved the debt ceiling deal negotiated by the Biden administration and Speaker Kevin McCarthy Wednesday.
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House Passes Bipartisan Bill to Raise Debt Ceiling and Avert Default
The hard-fought deal pleased few, but lawmakers assessed it was better than the alternative — a devastating economic upheaval if Congress failed to act.
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Opposition Grows to Debt Ceiling Deal Measure That Would End Student Loan Payment Pause
A measure in the proposed debt ceiling deal that would terminate the student loan payment pause is facing heavy opposition from advocates and progressives.
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Congress Set to Vote on Debt Ceiling Bill. Here's What's in It (and What's Left Out)
President Joe Biden and House Speaker Kevin McCarthy have been working the phones in an intense push to sell Congress on the 99-page bill that would suspend the nation’s debt limit through 2025 to avoid a federal default while limiting government spending. The Democratic president and Republican speaker have to win their respective parties’ support for the plan in time to...
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President Biden Calls Lawmakers for Support as Debt Ceiling Deal Goes for Vote
President Joe Biden says he “feels good” about the debt ceiling and budget deal negotiated with House Speaker Kevin McCarthy.
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Takeaways on Debt Ceiling: McCarthy's Balancing Act, Biden's Choice and the Challenges Ahead
After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have struck an agreement to avert a potentially devastating government default. Here are key takeaways.
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President Biden, House Speaker Reach Tentative Debt Ceiling Deal
NBC’s Allie Raffa takes a closer look as conservative Republicans and progressive Democrats voice their opposition.
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Debt Ceiling Agreement Gets Thumbs Up From Biz Groups, Jeers From Some on Political Right
The reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy.
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What's Next on the Debt Ceiling: Selling the Plan and Making a Deal Into a Law
To pass their debt ceiling deal, House Speaker Kevin McCarthy and President Joe Biden will now have to sell it to their respective parties.
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Biden, GOP Reach Deal on Debt Ceiling
President Joe Biden and House Speaker Kevin McCarthy, R-Calif., say they have reached a deal in principal to raise the debt ceiling.
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Biden and McCarthy Reach a Final Deal to Avoid US Default and Now Must Sell It to Congress
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. Biden pronounced the development “good news” in remarks at the White House announcing the agreement. This followed a tentative compromise...
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Biden, McCarthy Reach Agreement to Avoid Debt Default. Here's What's in the Proposed Deal
President Joe Biden and Speaker Kevin McCarthy have reached an agreement in principle on legislation to increase the nation’s debt ceiling and avoid default. Here’s a look at what’s in and out of the deal.