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 USA is edging closer to defaulting on its debt. Unless the debt ceiling is raised by June 5, the country will fall into an economic crisis that may have a far-reaching impact with global spillovers expected, affecting the likes of India, an emerging economy.

US is nearing its debt default deadline. What is its impact on Indian economy?

United States President Joe Biden struck a deal ‘in principle’ with Republican lawmakers to increase the debt ceiling of the country on Saturday, in a first crucial step towards averting the disastrous default with a few days to spare.

US: Biden, Republicans reach ‘in principle’ deal to avert catastrophic debt default

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

US President Joe Biden and top congressional Republican Kevin McCarthy will meet on Tuesday to make progress on a deal to raise the US government's $31.4 trillion debt ceiling.

‘Time is running out’ as Joe Biden, McCarthy meet in bid to resolve US debt ceiling deadlock

Will the US default on its debt? That's the biggest question that everyone's asking right now. And if financial markets in the United States are to be believed, the risk of a default has risen.

US debt limit crisis: Rise in market bets on probability of default

The debt limit timebomb is ticking for the Biden administration. The question looming now is: Will President Joe Biden & Republican lawmakers be able to break the deadlock? They are scheduled to meet on Tuesday, led by Speaker Kevin McCarthy.

Will the US debt limit crisis end soon?

A fight between Republicans and Democrats over the debt limit ceiling could send the US economy into a recession even if the standoff doesn't actually trigger a debt default, analysts say.

Analysts: US debt limit standoff could lead to recession

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