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The debt ceiling is routinely raised to accommodate repayment of the country’s debt. The last time it was raised was in 2021. The debt ceiling was suspended last June.
In single-stock moves, SoFi Technologies, Inc. shares rallied more than 15% in the wake of the debt ceiling deal. The bill would reinstate government student loan repayments, benefiting the online ...
US stocks closed lower Tuesday on Wall Street concerns that the debt-ceiling debate in Washington won't reach a resolution. The S&P 500 ended the session down 1.12%.The Dow Jones Industrial ...
Bill passed after senators rejected 11 proposed amendments
Stocks were higher on Friday as a wave of AI-related hype pushed the Nasdaq higher and optimism a debt ceiling deal is getting closer in Washington boosted sentiment ahead of a long weekend.
The details of the deal between President Joe Biden and House Speaker Kevin McCarthy were released Sunday in the form of a 99-page bill that would suspend the nation's debt limit through 2025 to ...
The debt ceiling compromise bill sailed to passage in the House on Wednesday evening. The House voted 314-117 after just over an hour of debate on the legislation. The bill required a simple ...
Stocks closed mixed on Monday as President Joe Biden and House Speaker Republican Kevin McCarthy prepared to meet to resume debt-ceiling negotiations later in the day.