Debt ceiling
Joe Biden signs budget deal to raise debt ceiling for US
The agreement averts a default on the federal government’s debt.
By Chris Megerian and Associated Press
Biden expected to sign budget deal to raise US debt ceiling
The bipartisan move was approved in both chambers of US congress.
By Chris Megerian and AP
What happens next in the US debt crisis?
Treasury Secretary Janet Yellen has said the US could default on its debt obligations by June 5 if politicians do not act in time.
By Mary Clare Jalonick and Kevin Freking and Associated Press
US debt ceiling deadline to be extended
The ‘X-date’ arrives when the government no longer has enough of a financial cushion to pay all its bills.
By Lisa Mascaro and Seung Min Kim and Associated Press
More than £40bn wiped from FTSE 100 as US debt ceiling talks drag on
Global markets were shaken by a widespread sell-off.
By August Graham, PA Business Reporter