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News Articles: debt ceiling

Preschool teacher Jaqueline Benitez depends on California's Supplemental Nutrition Assistance Program (SNAP) to help pay for food. If the debt ceiling isn't raised, SNAP and other federal payments would be delayed. (AP Photo/Allison Dinner)

Tagged as: 

  • Business

3 ways to protect your money if the U.S. defaults on its debt

From social security payments to interest rates, a lot hinges on a debt-ceiling deal. Personal finance experts say you should prepare for a possible debt default as you would a recession.

May 25, 2023
|
By:
  • Arezou Rezvani
FILE - Speaker of the House Kevin McCarthy, R-Calif., criticizes President Joe Biden's policies and efforts on the debt limit negotiations as he holds a news conference at the Capitol in Washington, Wednesday, May 17, 2023.

Tagged as: 

  • Politics

Slim majority wants debt ceiling raised without spending cuts, poll finds

Joe Biden and Republicans in Congress cannot agree on a path forward to avoid debt default even though Americans want to raise the debt ceiling without cutting spending, according to a new NPR poll.

May 23, 2023
|
By:
  • Domenico Montanaro
Russian President Vladimir Putin delivers his speech during the Victory Day military parade marking the 78th anniversary of the end of World War II in Red square in Moscow, Russia, Monday, May 9, 2022. (Gavriil Grigorov, Sputnik, Kremlin Pool Photo via AP)

Tagged as: 

  • Politics

Political Rewind: Georgians barred from Russia; Kemp meets Netanyahu; Debt ceiling deadline looms

Monday on Political Rewind: Secretary of State Brad Raffensperger and former Atlanta Mayor Keisha Lance Bottoms gotfeatured on a list of 500 Americans barred from Russia. During a tour of Israel, Gov. Brian Kemp met with Israeli Prime Minister Minister Netanyahu, who asked about a state bill codifying antisemitism. 

May 22, 2023
|
By:
  • Bill Nigut ,
  • Natalie Mendenhall ,
  • and 1 more
(Photo Courtesy of Matti Mattila via Flickr.)

Tagged as: 

  • News

How a default on U.S. debt could affect Georgians

In the event of a debt default, the U.S. government would then have to prioritize which of its bills it would pay, creating what Michael Toma calls "winners and losers."

May 18, 2023
|
By:
  • Peter Biello
President Joe Biden

Tagged as: 

  • Politics

Political Rewind: Debt ceiling talks; Trump coming to Georgia GOP convention

Thursday on Political Rewind: President Biden is facing off with a GOP-held House over a looming debt ceiling default. Donald Trump will also appear at Georgia's Republican convention, but Gov. Brian Kemp will not.

May 18, 2023
|
By:
  • Bill Nigut ,
  • Natalie Mendenhall ,
  • and 1 more

Tagged as: 

  • Asia

Australian envoy suggests 'smelling salts' for worries over Biden's Quad cancellation

NPR's Leila Fadel talks to Australian Ambassador to the U.S. Kevin Rudd about President Biden deciding not to meet with leaders of Australia, India and Japan because of U.S. debt ceiling negotiations.

May 18, 2023
|
By:
  • Destinee Adams
A man enters the New York Stock Exchange on Wall Street in New York City on Friday.

Tagged as: 

  • Business

What the debt ceiling standoff could mean for your retirement plans

Biden has warned that defaulting on the national debt "would devastate retirement accounts," among other things. The head of advice methodology at Vanguard wants people to remember the bigger picture.

May 15, 2023
|
By:
  • Rachel Treisman

Tagged as: 

  • Politics

Political Rewind: Eight false electors take immunity deals; How the writers' strike affects Georgia

Tuesday on Political Rewind: At least eight fake electors have received immunity in Georgia's election probe. We'll discuss where Fani Willis' investigation goes from here. Meanwhile, President Biden is meeting with leaders over the debt ceiling. Plus, how the writers' strike is affecting Georgia's film industry.

May 09, 2023
|
By:
  • Donna Lowry ,
  • Natalie Mendenhall ,
  • and 1 more
Treasury Secretary Janet Yellen leaves a meeting on April 21. She warns that economic chaos will ensue if Congress doesn't raise the debt ceiling in the coming weeks.

Tagged as: 

  • Politics

Yellen warns of 'calamity' unless Congress raises the debt limit. What's the holdup?

The treasury secretary warns that the U.S. could default on its debt by June 1, with disastrous economic consequences. GOP Rep. Dusty Johnson explains why Republicans insist on adding conditions.

May 08, 2023
|
By:
  • Rachel Treisman
Then-President Barack Obama speaks alongside then-Treasury Secretary Jacob Lew in June 2016.

Tagged as: 

  • Politics

Jack Lew had a front-row seat to debt ceiling fights under Obama. Here's his advice

The U.S. came dangerously close to defaulting on its debt in 2011. Jack Lew, chief of staff and then treasury secretary under President Obama, offers some advice to the current administration.

May 03, 2023
|
By:
  • Rachel Treisman
Treasury Secretary Janet Yellen, seen here on April 13, warned on Monday that the federal government could default on its debt as early as June 1 unless Congress raises or suspends the debt ceiling.

Tagged as: 

  • Politics

The U.S. could run out of cash to pay its bills by June 1, Yellen warns Congress

Treasury Secretary Janet Yellen warned lawmakers that unless the debt ceiling is raised soon, the federal government may not have enough money to pay its bills as early as June 1.

May 02, 2023
|
By:
  • Scott Horsley
President Joe Biden and Speaker of the House Kevin McCarthy walk outside the U.S. Capitol at a Saint Patrick's Day event in March. The two haven't discussed the debt ceiling since February.

Tagged as: 

  • Politics

Republicans hope McCarthy's bill gives him leverage in debt ceiling standoff

House Republicans narrowly passed a bill linking a debt ceiling raise to spending cuts, which Biden says he would veto. A political historian explains why he may have to make some concessions.

April 28, 2023
|
By:
  • Rachel Treisman
The U.S. Capitol is seen during an event celebrating 100 days of House Republican rule last week in Washington, D.C.

Tagged as: 

  • Politics

House Republicans hope their debt limit bill will get Biden to the negotiating table

The House plans to vote on its debt ceiling bill this week. Rep. Dusty Johnson, R.-S.D., calls it an "opening negotiation position" as the risk of a default looms.

April 26, 2023
|
By:
  • Rachel Treisman
The U.S. Capitol Building is seen on Jan. 19, 2023.

Tagged as: 

  • Business

The U.S. could run out of cash to pay its bills between July and September

If Congress fails to raise the nation's $31.4 trillion debt ceiling, the U.S. government could run out of cash between July and September, or even sooner, the Congressional Budget Office said.

February 15, 2023
|
By:
  • Avie Schneider
Atlanta Mayor Andre Dickens is shown standing behind a podium and speaking into microphones, flanked by police officials.

Tagged as: 

  • Politics

Political Rewind: Atlanta mayor, Dekalb CEO tout training center compromise; Okefenokee input opens

Wednesday on Political Rewind: The CEO of DeKalb County and Atlanta Mayor Andre Dickens announced yesterday that they had reached a deal that would begin the development of the Atlanta Police Training Center. Plus, community input is open on the proposal to mine in the Okefenokee swamp.

February 01, 2023
|
By:
  • Bill Nigut ,
  • Natalie Mendenhall ,
  • and 1 more
  • Load More

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