Days away from a default crisis, the Capitol is illuminated as the Senate works into the night to finish votes on amendments on the big debt ceiling and budget cuts package, at the Capitol in Washington, Thursday evening, June 1, 2023.

Just days to spare, Senate gives final approval to debt ceiling deal, sending it to Biden

June 2, 2023

WASHINGTON (AP) — Fending off a U.S. default, the Senate gave final approval late Thursday to a debt ceiling and budget...

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Ahead of House debt ceiling vote, Biden shores up Democrats and McCarthy scrambles for GOP support

May 31, 2023

WASHINGTON (AP) — Hard-fought to the end, the debt ceiling and budget cuts package is heading toward a crucial U.S....

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Lights illuminate the Capitol after House Speaker Kevin McCarthy of Calif., announced that he and President Joe Biden had reached an "agreement in principle" to resolve the looming debt crisis on Saturday, May 27, 2023, on Capitol Hill in Washington. (AP Photo/Patrick Semansky)

Debt ceiling deal: What’s in, what’s out of the agreement to avert US default

May 28, 2023

WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy have reached an agreement in principle on legislation to increase the...

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Speaker of the House Kevin McCarthy of Calif., left, listens as President Joe Biden speaks before a meeting on the debt limit in the Oval Office of the White House, Tuesday, May 9, 2023, in Washington.

Detroit Today: Democrats, Republicans clash over debt ceiling concerns

May 12, 2023

Republicans and Democrats acknowledge that if the U.S. debt ceiling limit is not raised, it will have severe consequences for...

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Why another debt ceiling fight looms in Congress

January 20, 2023

On Thursday, the U.S. Treasury Department informed Congress that it is taking “extraordinary measures” to prevent the federal government from...

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