Senate passes debt ceiling bill, sending measure to Biden
The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
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The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
A majority of Democrats and a majority of Republicans voted in favor of the Fiscal Responsibility Act.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
Everything from the stock market to Social Security payments could be jolted if the U.S. defaults on its obligations.
Even a short default could wipe out more than a million jobs, especially in parts of the U.S. that depend on federal spending.
WBZ-TV's Courtney Cole reports.
If Congress doesn't have a deal to raise the debt ceiling by June 1, your investments could be at risk.
WBZ TV's Courtney Cole reports.
If Congress can't come to an agreement by June 1, the country will default and not be able to pay its' debts.
If Congress can't come to an agreement by June 1, the country will default and not be able to pay its' debts. WBZ-TV's Mike Sullivan reports.
"No one should assume that the Fed can… really protect the economy and the financial system, and our reputation globally, from the damage such an event might inflict," Federal Reserve Chairman Jerome Powell said.
Massachusetts Congressman Jim McGovern said House Speaker Kevin McCarthy's "playing games" with the debt ceiling "represents an all-time high in recklessness and stupidity."
Massachusetts Congressman Stephen Lynch believes lawmakers can cross the aisle to find a solution.
We hear about it every day, but do you know what it is and how it affects you?
Grover is the ultimate in single interest constituencies in Washington. He is not accountable to anybody. He does not disclose who funds him, who pays him to do what he does or how much he is paid to blackmail GOP Members of Congress to sign his pledge not to raise taxes.
One word comes to mind as I watch these inept egomaniacs drive us off the road: help!
Mitt Romney says the nation's credit problem arose because President Barack Obama has failed to show leadership on the economy.
Now that federal lawmakers have finally hammered out a deal to raise the nation's debt ceiling, what does this mean for taxpayers here in Massachusetts?
Jay Gonzalez, the state's budget chief says he is relieved with the action taken in Washington, but uncertain about what is ahead.
In relation to the trillion dollar estimates made by both the Senate and the House,what was the longshot figure that the stock market lost over the past week? My feeling is that the trillions lost in the market exceeded the trillions that the Senate and House were squabbling about. - Stan
The bill is expected to pass, but the debt debate is far from over.
Gridlock, chaos, and 11th hour can-kicking? Of course that's what we're getting. That's exactly what we ordered.
We've Reached A Fork In The Road
The Massachusetts' congressional delegation is protesting a warning from a major credit rating agency that they might downgrade the credit ratings of several municipalities in the state. Moody's Investors Service announced it would review the possible downgrade of U.S. municipalities and other institutions due to the indirect effects of the possible downgrade of federal government bonds because of the ongoing impasse over the federal debt limit. Moody's has listed 162 local governments in 31 states.
Mayors from across Massachusetts are calling upon national lawmakers to reach a deal in the debt ceiling talks.
NFL Trade Deadline day is upon us, and the New England Patriots might be pretty active before the buzzer sounds at 4 p.m.
Jayson Tatum scored 26 of his 28 points in the first half, and the Boston Celtics routed the Atlanta Hawks 123-93 on Monday night for their third straight win.
Tomorrow is Election Day, but what can you expect after the last ballots are cast in Massachusetts?
Salem welcomed a record-breaking amount of visitors in October this year!
Voters across the country have spent the last two weeks voting early but some Massachusetts residents said they wanted to wait to cast a ballot on Election Day.
Election Day 2024 will be a record for voter turnout in Massachusetts, according to Secretary of State Bill Galvin.
Tuesday is Election Day. So where can you cast your vote in Massachusetts?
What time can you vote on Election Day in Massachusetts? Here's all you need to know.
Salem welcomed a record-breaking amount of visitors in October this year!
Drivers are frustrated after the changes made to the Newton Corner traffic circle have caused severe backups.
Young or old, Democrat or Republican, a majority of Americans say this presidential election is stressing them out.
Researchers at a Massachusetts hospital have discovered a new sign that could indicate whether someone has a concussion and it's literally a shaking of the head.
Several hospitals have failed to come to an agreement with the second-largest health insurer in Massachusetts, Point32Health.
McDonald's has stopped selling the popular product in some states as an investigation into the cause of the bacteria continues.
President Biden is visiting New Hampshire on Tuesday to tout his health care achievements and put focus on his policy legacy.
Some Winthrop residents are pushing back against a law requiring Massachusetts communities with T access to allow the development of multifamily units to help with the housing crunch. All of it now could soon be up to voters to decide.
A Springfield man says he gave police evidence that points to another suspect in the Boston Strangler investigation - not Albert DeSalvo.
A Plymouth man says that fraudsters tried to steal his home out from under him, just one week after WBZ's I-Team reported on a similar scam in Concord.
In the wake of Enrique Delgado-Garcia's death following a boxing training exercise with the Massachusetts State Police, the I-Team uncovered a similar case decades ago where a recruit died after excessive police training.
Relief may be on the way for hundreds of drivers in Massachusetts, who lost their commercial driver's licenses due to violations from decades ago.
John Deaton said he believes Sen. Elizabeth Warren is creating divisiveness in the state
While polls show inflation and the economy are the top issues for voters in New Hampshire, another topic is dominating the ad wars - abortion.
Boston Mayor Michelle Wu reached an agreement with business leaders last week on a temporary tax rate increase on commercial properties.
Young or old, Democrat or Republican, a majority of Americans say this presidential election is stressing them out.
Do Massachusetts Democrats believe Ed Markey should step aside for a younger voice in the U.S. Senate? Chairman Steve Kerrigan weighs in.
Seven Stop & Shop stores in Massachusetts will be closing permanently on Oct. 31.
A small group of loyal customers gathered in Weston Saturday morning to thank a pharmacist who is relocating as Walgreens closes the location where he served the community for almost three decades.
Meta is set to launch a new plan using facial recognition technology to prevent online scams at the start of next year.
The owner of the New Hampshire coffee shop believes it will cost them more than a million dollars to move and buy another property.
An old Christmas Tree Shops location in Massachusetts will be turned into a "Spirit Christmas" store.
Host Rachel Holt talks with their CEO about their distinct connection to Newport and what sets them apart as a "brewstillery."
Newport's Castle Hill Inn is one of the area's most coveted destinations offering visitors spectacular views, luxurious accommodations, and unique dining experiences.
Founded in 2014 with a mission of preserving, celebrating and sharing automotive history, the Audrain Automobile Museum is a must-stop destination for both car enthusiasts and Newport visitors alike.
Host Rachel Holt joins Prezza Mixologist Craig Carpenter in Boston's North End for a hot new twist on a classic cocktail that's bound to be the next big hit.
Chef Delphin Gomes joins host Rachel Holt in the test kitchen to show off his latest creations and the art of merging design with chocolate.
NFL Trade Deadline day is upon us, and the New England Patriots might be pretty active before the buzzer sounds at 4 p.m.
Jayson Tatum scored 26 of his 28 points in the first half, and the Boston Celtics routed the Atlanta Hawks 123-93 on Monday night for their third straight win.
Red Sox legend Luis Tiant is one step closer to getting into the Baseball Hall of Fame in Cooperstown.
Jerod Mayo said there were multiple factors why the Patriots didn't go for two-points at the end of regulation in Tennessee.
If the season ended today, the Patriots would own the No. 1 overall pick in the 2025 NFL Draft.
The Lizzie Borden House in Fall River has landed on USA Today's Top 10 list of the best haunted hotels.
New York City is officially legalizing jaywalking. Is it time for Boston to do the same?
Boston is looking to give new life to the historic bear dens in Franklin Park.
The massive comet that's starting to become visible in the night sky won't stick around for too long.
The northern lights have been very active in 2024. An expert explains why it could continue for months to come.