budget deficits

Senate passes massive budget deal

The Senate passed Thursday a massive budget deal that would stave off the looming threat of a potential default on US debt and prevent automatic spending cuts to domestic and military funding.

House passes sweeping budget and debt limit deal

The House of Representatives on Thursday passed a sweeping two-year budget and debt limit deal that would stave off the looming threat of a potential default on US debt and prevent automatic spending cuts to domestic and military funding.

Key GOP senator: Budget deal will pass, but votes still being counted

Senate Majority Whip John Thune predicted Thursday that a spending caps and debt ceiling agreement will pass the chamber when it comes up for a vote next week, but he and other sources acknowledged Senate leaders are still whipping the vote and they are not taking anything for granted.

How Jerome Powell stopped a US default in 2011

In May of 2011, then-Treasury Secretary Tim Geithner issued a stark warning letter to Congress: the US government had hit the debt limit and would no longer be able to pay its bills past August 2. That gave Congress exactly 11 weeks before America's wallet would be empty.

Debt ceiling fight: No deal yet

All eyes are on House Speaker Nancy Pelosi and those telephone calls with Treasury Secretary Steven Mnuchin and the bottom line is simple: every day there is less time and getting a deal locked in becomes more essential.

3 reasons to fear America's $70 trillion debt pile

America's debt load is about to hit a record. The combination of cheap money and soaring debt helped fuel the decade-long economic expansion and bull market, but America's gluttony of loans could work against it if its fragile economic balance shifts.

No deal yet on budget caps, debt limit

Bipartisan Senate leaders are expressing optimism over budget talks, but a meeting between top lawmakers and administration officials concluded on Tuesday without a deal, despite Senate Majority Leader Mitch McConnell saying earlier that he hoped an agreement could be reached before the end of the day.

Readers' guide to the State of the Union

When Trump gave his State of the Union address last year, he was coming off one of the highest points in his presidency. He had just signed a huge tax cut into law and removed the Obamacare mandate penalty. Both the House and Senate were controlled by Republicans, and he was enjoying some of his highest approval ratings as president.

State of the Union 2019: What to watch

After a 35-day partial government shutdown that prompted the House speaker to postpone Donald Trump's State of the Union address, the President will finally arrive Tuesday night on Capitol Hill.

Poll: 4 in 10 call this worst governing of their lifetimes

With a looming February 15 deadline to fund parts of the US government, few are optimistic the President and Congress will be able to reach agreement in time to prevent another partial shutdown, according to a new CNN Poll conducted by SSRS.