What is the default deadline for the US debt ceiling?

Default deadline: Treasury Secretary Janet Yellen has told Congress it must address the debt ceiling by June 5, or the US will not have enough funds to pay its obligations in full and on time. We’ve wrapped up our live coverage for the day. You can read more about the debt ceiling negotiations here, or scroll through the updates below.

When will a debt ceiling & budget cuts package become law?

The U.S. Senate gave final approval late Thursday to a debt ceiling and budget cuts package, grinding into the night to wrap up work on the bipartisan deal and send it to President Joe Biden’s desk to become law before the fast-approaching deadline that would have left the U.S. unable to pay its bills. (June 2)

Will Congress raise the debt limit in 2023?

By Jeanna Smialek and Ashley Wu May 8, 2023 Time is running out for Congress to raise the nation’s debt limit, which controls how much money the government can borrow to pay its bills. Lawmakers will need to reach a bipartisan agreement to lift the cap.