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GOP leaders in the House last month floated an idea to raise the debt limit by $1.5 trillion in 2025 as part of a first reconciliation package, which may include border security and energy ...
Fitch downgraded its credit rating for the U.S. government, from AAA to AA+, two months after the debt-ceiling crisis was resolved. “In Fitch’s view, there has been a steady deterioration in ...
The last time the US debt was downgraded by another major credit rating agency, S&P, came in 2011. In both cases, the limit was raised only after protracted negotiations.
Bill passed after senators rejected 11 proposed amendments
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 ...
Congress has suspended the debt ceiling until Jan. 1, 2025, even as worries over rising U.S. debt were fueled earlier this week when the Congressional Budget Office (CBO) forecast a jump in the ...
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Just a few days before the United States might default on its debt, Fitch Ratings has placed the country's AAA long-term foreign-currency issuer default rating on negative watch, citing the...