Trump told NBC News that the debt ceiling was a meaningless concept and that no one would know for sure what would happen if it were to someday be breached. 



US President-elect Donald Trump says Congress should get rid of debt ceiling

United States (US) President-elect Donald Trump said on Thursday (Dec 19) that Congress should get rid of the debt ceiling. Speaking to NBC News, Trump said that getting rid of the debt ceiling would be the smartest thing that Congress would do.

A bipartisan agreement was reached by a vote of 63-36 in the U.S. debt ceiling proceedings. Congress has approved a deal to raise the government's borrowing limit and prevent any catastrophic default on US debt repayments. President Joe Biden will enact the measure into law on June 5. What are the highlights of this deal? Listen in to Vikram Chandra.

USA debt ceiling deal passed

On Friday, as the US president prepared to address the nation and hailed "a big win for our economy and the American people," the bipartisan agreement to resolve the US debt ceiling problem was on its way to Joe Biden's desk. The bill was passed just days before a catastrophic and unprecedented default. Late on Thursday, the US Senate approved the compromise bill that Vice President Biden and Kevin McCarthy, Speaker of the House, crafted.

US President Joe Biden hails action on debt ceiling crisis

In the hallowed halls of the house of representatives, a crucial battle has been won. A bill to suspend the massive 31.4 trillion dollars debt ceiling has passed the republican-controlled house of representatives. The deeply divided house voted 314 to 117 to clear the bill.

US House passes debt limit bill, soon to reach Senate now

The US House of Representatives on Wednesday (May 31) voted in favour of raising the country's debt ceiling. The passage of the legislation has brought the US one step closer to eliminating debt default, something that not only will be bad for the US but for the health of world economy. The deadline set by the US Treasury is just five days away.

US Debt Ceiling: Biden and MCcarthy break the deadlock, debt limit suspended till January 1, 2025

US House passes debt ceiling deal, bill heads to Senate for nod before June 5 deadline

The United States debt ceiling deal that was recently struck between President Joe Biden and House Speaker Kevin McCarthy has been the subject of much criticism.

Republican 'Freedom Caucus' plotting to topple House Speaker Kevin McCarthy: Report

Republican and Democratic leaders scrambled to secure congressional support for a bill aimed at avoiding a catastrophic US debt default, with just one week left before the government starts running out of money.

Republicans  and Democrats race against time for US debt crisis bill in Congress

The American economy is at a tipping point. US debt has now reached a level equal to the annual output of it's economy. The government has till June fifth- a week, to reach a bipartisan deal that will ensure the nation does not default on it's debt payment. While the deal remains to be inked, leaders from either side of the aisle have now reassured the American people that an agreement has been reached 'in principle'.

Congress to vote on debt crisis bill tomorrow

Race against time for US debt crisis bill in Congress

With the US debt default deadline precariously close, President Joe Biden said his administration was close to achieving a breakthrough. For the first time in many weeks, Biden seemed upbeat about the prospect of getting the deal done and raising the debt ceiling.

'It's very close...': Biden sounds optimistic on breakthrough in debt ceiling talks

The projected debt ceiling deadline has been extended to June 5, 2023, four days later than previously estimated, US Treasury Secretary Janet Yellen said Friday. Yet, Yellen renewed her warning in a letter to Congress that inaction on raising the borrowing limit would ‘cause severe hardship.’

US debt ceiling talks continue with new 5 June deadline

The United States is the largest economy in the world. The US Dollar is an unofficial global currency sought after by almost everyone. These two facts are enough to convince anyone of the pre-eminent position the country enjoys in all things money.

Explained | US is 'running out of cash'. What is the debt ceiling crisis?

US President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss the debt ceiling on Monday (May 22), after a "productive" phone call as the president headed back to Washington. The nation could default on its bills as early as June 1.

Biden and McCarthy to meet as debt ceiling talks resume

Will Biden, McCarthy reach an agreement over US debt crisis?

US President Joe Biden is set to meet House Speaker Kevin McCarthy on Monday ( May 22) regarding debt ceiling talks after they spoke on the phone while the former was on his way home after attending the G7 summit in Hiroshima, Japan.

Debt ceiling: Biden, McCarthy to meet Monday after 'productive' phone call

The United States is facing the prospect of defaulting on trillions of dollars. The nation is facing an unprecedented economic & financial storm. Without raising the debt limit, the US government will default on its bills.

What is the US debt ceiling & what happens if it isn’t raised?

US lawmakers come to a deadlock on US debt limit talks, they are yet to resolve the crisis. President Joe Biden and Republican leaders offer hopes of a deal while Democrats pitch for a clean increase, with no strings attached. Will Biden use 14th Amendment to raise debt ceiling unilaterally?

US debt ceiling crisis: President Joe Biden cancels post-G7 Asia tour

Crunch talks between US President Joe Biden and senior Republicans have been postponed until early next week to allow staff to continue working, the White House said in a statement Thursday.

US debt ceiling talks postponed until next week: White House

The United States is on the edge of a fiscal cliff. Time is running out for the government to raise its debt limit just ahead of the key meeting on US investment. President Joe Biden criticised Republicans for their refusal to vote on a higher federal debt ceiling.

US house divided over raising debt ceiling

The United States will breach the debt ceiling as early as on June 1st. This may result in a dead default. This could happen if the US Congress fails to raise the debt ceiling. The US treasury has warned it could run short of cash to pay its bills by the month of June.

US to breach debt ceiling in June : Treasury

In a big win for Speaker Kevin McCarthy, the US House passed legislation on Wednesday by a narrow 217-215 vote that would raise the government's legal debt ceiling (also known as borrowing limit) by $1.

In big win for Speaker McCarthy, US House passes debt ceiling bill

Republican U.S. House Speaker Kevin McCarthy on Wednesday unveiled a plan to raise the nation's debt ceiling by $1.5 trillion and cut federal spending by three times that amount, laying out an opening position in what is likely to be a tense partisan debate over government borrowing.

Republican McCarthy unveils plan to lift US debt ceiling, cut spending

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