The US Senate passes a deal struck between President Barack Obama and Congress to increase the nation's debt ceiling, avoiding a potentially disastrous default.
BING NEWS:
- Next president faces fiscal fight in 2025 over debt, deficits and taxes
The winner of the presidential election and majorities in Congress will face several looming fiscal deadlines for the national debt, spending levels and expiring tax cuts in 2025.
11/4/2024 - 10:18 pm | View Link - U.S. Debt-Ceiling Deal: What Investors Should Know
The U.S. Senate passed a House-approved bill late Thursday to suspend the national debt limit and put a lid on government spending for two years, and President Joe Biden is expected to sign the ...
06/7/2024 - 8:26 pm | View Link - Senate passes US debt ceiling deal, averting a US default
The US Congress has approved a deal to lift the country's borrowing limit, days before the world's largest economy is due to default on its debt. The bipartisan measure sped through the Senate by ...
05/31/2023 - 1:01 pm | View Link - More
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