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An optimistic President Joe Biden declared Wednesday he is confident the U.S. will avoid an unprecedented and potentially catastrophic debt default, saying talks with congressional Republicans have been productive. He left for a G-7…

With the White House and House leadership less than two weeks away from a default deadline on the country’s debt, anxiety is rising over the potential impact on federal programs such as Medicaid and the beneficiaries who depend on it.…

President Joe Biden on Wednesday sought to assure Americans that the U.S. will not default on its debts as the White House and top congressional leaders conduct tense, protracted budget negotiations in which Republicans seek substantial…

House Speaker Kevin McCarthy on Monday expressed little confidence about negotiations between himself and President Joe Biden to reach a deal on the debt ceiling and avoid a sovereign default. McCarthy, speaking to a reporter, said that –…

Former US president Donald Trump at Trump Turnberry golf course, in South Ayrshire, during his visit to the UK. Steve Welsh | Pa Images | Getty ImagesFormer President Donald Trump on Wednesday urged Republican lawmakers to let the United…

People walk and ride bicycles past the US Capitol in Washington, DC, on May 11, 2023.Jim Watson | AFP | Getty ImagesWASHINGTON — The Congressional Budget Office on Friday said tax revenues and emergency measures after June 15 "will probably…

President Joe Biden and Congressional leaders postponed their scheduled meeting on the debt ceiling Friday, pushing their meeting to next week. The federal government may go into economic default as soon as June 1, Treasury Secretary…

Political brinkmanship over raising the U.S. debt ceiling risks "serious economic costs" even without the "catastrophe" of a default, Treasury Secretary Janet Yellen warned Thursday at Group of Seven finance talks in Japan. Hours…

Janet Yellen, US Treasury secretary, during a news conference at the Group of Seven (G-7) finance ministers and central bank governors meeting in Niigata, Japan, on Thursday, May 11, 2023.Bloomberg | Bloomberg | Getty ImagesTreasury…

As debt limit negotiations ensue between President Joe Biden and congressional leaders ahead of the looming default date, Republican presidential hopefuls offer their conservative priorities and long-term solutions.  Several GOP contenders…