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

Credit rating agency Moody's on Thursday said that the US must make its mid-June interest payments to preserve its highest investment grade rating at AAA grade. "That's a really important date for us," William Foster, a senior vice president at Moody's told Bloomberg, referring to the June 15 debt payment due date.

Debt limit standoff deepens: US faces critical June 15 payment deadline

Moody's said that the mid-June interest payment on treasuries will be crucial for the United States to preserve its highest investment grade rating at AAA. This comes as the debt deal negotiations show no clear progress and the time draws closer.

US debt: A race against time | World DNA

The United States is facing an unprecedented crisis of debt default, but President Joe Biden believes that debt default will be avoided as crucial time passes on a race to find agreement between the White House and Republican negotiators on raising the debt ceiling.

US default would harm US military 'readiness and morale', but Biden vows respite

The United States Secret Service has arrested a 19-year-old they believe might have “intentionally” crashed a U-Haul truck into a security barrier at a park across from the White House on Monday night (May 22). No injuries were reported following the incident.

Indian-origin teen crashes into White House barriers, wanted to kill Joe Biden

US Treasury Secretary Janet Yellen said it’s now ‘highly likely’ that her department will run out of sufficient cash in early June, and repeated her warning that the moment could come as soon as June 1. Here's all you need to know about the US debt crisis.

Will US run out of cash after June 1? Here's what you need to know

Republican and Democrat representatives met again at the White House in an effort to hammer out a solution to the US debt ceiling crisis. This meeting comes a day after US President Joe Biden held talks with White House speaker Kevin McCarthy.

Treasury Secretary warns US running out of cash, could breach debt limit on June 1

The White House said on Tuesday (May 23) that it is not considering any constitutional solution to the current debt impasse as currently, President Joe Biden is not planning to invoke the 14th Amendment to prevent a US debt default.

White House: Biden not planning to invoke 14th Amendment to prevent debt default

The United States Energy Department, on Monday, informed lawmakers that it will no longer award a $200 million grant to the lithium battery company Microvast Holdings, according to Reuters reports.

US pulls $200 million grant for lithium battery company Microvast over Chinese ties

US President Joe Biden held talks with House Speaker McCarthy on Monday to talk about a looming debt in the country. The high-stakes White House meeting came after Biden returned from a trip to Asia.

US Treasury Secretary warns country running out of cash; Biden, McCarthy hold talks on debt ceiling

The discussions between United States President Joe Biden and House Speaker Kevin McCarthy ended on Monday (May 22), with no agreement on how to raise the government's $31.

US debt crisis: McCarthy says debt talks 'productive' but no agreement

US President Biden meets McCarthy for debt ceiling talks, say 'talks productive, no deal yet'

In a move intensifying the ongoing tech dispute between the United States and China, China's cyberspace regulator, the Cyberspace Administration of China (CAC), on Sunday, announced a ban on products made by U.

Chip Clash Escalates: China Bans Micron's Products Citing Network Security Flaws

The US debt limit talks are ongoing with no progress made so far, increasing market uncertainty. Speaker of the house Kevin McCarthy and President Joe Biden engaged in discussions but disagreements persist. The possibility of a default is looming, with treasury secretary Janet Yellen stating that the chances of paying all bills by mid-June are low. However, investors remain hopeful, as a bank of America survey revealed that 71% of investors believe a solution will be reached.

No progress in US debt limit talks

Yevgeny Prigozhin, the founder of Russia's Wagner Group, on Monday (May 22nd) vowed that his troops will leave Bakhmut, handing over the control of the prized city to Russian forces from approximately around May 25 until June 1.

Russia-Ukraine | Wagner chief vows his forces will handover Bakhmut to Russian army by June 1

US President Joe Biden praised PM Modi on the sidelines of the G7 Summit and said he should take the autograph of the Indian leader because he is too popular. Molly Gambhir tells you more.

Gravitas: Biden praises PM Modi on sidelines of G7

US President Joe Biden has returned to the US after concluding the G7 Summit in Japan’s Hiroshima and the focus is back on the most pressing domestic challenge of the debt ceiling crisis. Biden is soon expected to hold in-person talks with speaker of the house Kevin McCarthy. The two are to discuss the impending debt ceiling issue faced by the United States, which is on the verge of defaulting, in case it fails to clear all debts by June 1.

US is only two weeks away from defaulting

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

As the G7 summit in Hiroshima, Japan comes to an end, US President Joe Biden has turned his attention towards the debt ceiling crisis. Biden will hold a call with House Speaker Kevin McCarthy about the issue during his flight back home, aboard Air Force One, according to a Bloomberg report.

US debt ceiling: Biden to ring McCarthy from Air Force One to restart negotiations

US President Joe Biden's closing remarks at G7 summit in Japan's Hiroshima entailed Washington's 'unwavering support' for Ukraine's war-effort against the Russian offensive as well as addressal of Chinese economic and maritime assertions, especially on Beijing's territorial claims over Taiwan.

At G7, Biden vows 'response' if China acts against Taiwan, asserts unwavering support for Ukraine

United States President Joe Biden "looks forward" to holding talks with Ukrainian President Volodymyr Zelensky in Hiroshima, stated the White House on Saturday, confirming the meeting of the two leaders on the sidelines of the G7 summit.

G7 Summit: Biden ‘looks forward’ to meeting Ukraine’s Zelensky, says White House

Republican congresswoman Marjorie Taylor Greene on Thursday introduced articles of impeachment against President Joe Biden over his handling of migrant crossings along the United States-Mexico border.

Republican congresswoman announces impeachment articles against President Joe Biden

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