Us Deficit
latest news & developments
We have a deal: US House passes debt Bill
A last-gasp deal to raise the US borrowing limit cleared its biggest hurdle in Congress on Monday, warding off the risk of a debt default.
US debt talks break down in acrimony
Negotiations on a deficit-reduction deal collapsed on Friday as US House Speaker John Boehner pulled out of talks with President Barack Obama.
As US default looms, pressure grows to end impasse
With the US lurching closer to a default, President Barack Obama and lawmakers face pressure to speed up efforts to cobble together a deal.