Stocks dropped almost 20% in the 2011 debt ceiling window. Treasury market performance highlights a significant difference between 2011 and 2023. 2023 credit markets are telling us to monitor the S&P ...

WASHINGTON — In 2011, after faltering debt limit negotiations with House Republicans brought the U.S. to the brink of economic calamity, President Barack Obama and Vice President Joe Biden sat by the ...

When President Barack Obama signed legislation in 2011 that raised the debt ceiling and imposed sweeping spending cuts, he argued that the “manufactured crisis” had served as “just one more impediment ...

FILE - Then-House Majority Whip Kevin McCarthy of Calif., right, joined by House Majority Leader Eric Cantor of Va., speaks to reporters about President Obama's debt reduction plan and other issues, ...

Two Democratic senators called on Congress to adopt a proposal that Senate Minority Leader Mitch McConnell (R-Ky.) made in 2011 to address a standoff over raising the debt ceiling, which would grant ...

The debt ceiling fight gripping Washington this month bears echoes of a similar clash in 2011, when a Democratic president squared off against a Republican House in a fight that dragged on for months, ...

Republicans in Congress clashed with Democratic President Barack Obama in 2011, ultimately reaching a deal 72 hours before the country went over a financial cliff. But one of the key differences ...

The Treasury Department warned this week that the U.S. could run out of cash to pay its bills as soon as June 1, unless Congress manages to raise the debt limit before then. The debt limit is the ...

LONDON, May 10 (Reuters) - The rise in European bond yields is alarming some economists, who warn that Italy and Greece in particular do not have much wiggle room before their debt servicing burden ...

Every year, the U.S. government spends more money than it takes in. In order to fund all that spending, the country takes on debt. Congress has the power to limit how much debt the U.S. takes on.

Washington – The debate around raising the debt ceiling sounds eerily similar: Newly elected House Republicans, eager to confront the Democratic president in the White House, refused to raise the debt ...