A potential debt ceiling standoff in the United States next year could be one of the worst since the 2011 crisis.
Read More Debt ceiling standoff could trigger US rating downgrade, TD’s Goldberg saysTag: u.s. debt
New Bipartisan bill: Block pay for Congress members if the U.S. defaults
A bipartisan bill called the “No Pay for Congress During Default or Shutdown Act” has been introduced by Representatives Abigail Spanberger (D-Va.) and Brian Fitzpatrick (R-Pa.). The bill aims to withhold Congress members’ salaries during a breach of the debt ceiling or a suspension in federal financing.
Read More New Bipartisan bill: Block pay for Congress members if the U.S. defaultsHouse votes to pass debt ceiling bill
A bill extending the country’s debt ceiling was approved by the House on Wednesday after days of deliberation among Republican legislators to support the measure.
Read More House votes to pass debt ceiling bill