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.
Jayson Tatum scored a season-high 43 points, grabbed 16 rebounds and dished out 10 assists for his third career triple-double and the Boston Celtics beat the Chicago Bulls 123-98 on Saturday night.
Morgan Geekie scored a tiebreaking, power-play goal with 1:45 left in regulation, and the Boston Bruins beat Buffalo 3-1 on Saturday night, sending the Sabres to their 13th straight loss.
Holiday shoppers his the malls on Saturday to get last-minute gifts and a little bit of holiday cheer.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
The NBA fined the Boston Celtics coach $35,000 on Saturday "for aggressively pursuing and directing inappropriate language toward a game official" at the end of his team's loss to the Chicago Bulls on Thursday night.
We're really not asking for much from the New England Patriots this holiday season, just to look like an actual NFL team over the final three weeks of the season.
Holiday shoppers his the malls on Saturday to get last-minute gifts and a little bit of holiday cheer.
At Boston's Logan Airport holiday travel traffic and icy runways caused long lines and big delays.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
Quincy Animal Shelter helped raise money for dogs in need of help with an ugly sweater contest.
Minnesota Vikings legend Randy Moss will step away from his broadcasting role at ESPN "to focus on a personal health challenge," the network announced Friday.
If beauty products are on your Christmas list this year, one Massachusetts doctor is urging you to check labels for ingredients that may be hazardous to your health.
Jon Keller says an unholy union of clever tech and cultural dreck have turned brain rot into a global plague.
Minnesota Vikings legend and NFL Hall of Famer Randy Moss said he is "battling something internal" and asked for prayers on Sunday.
A new program in Boston is trying to improve the labor and delivery experience for expectant Black mothers and mothers of color, who often find their voices aren't always heard by hospital staff.
If you carry a credit card balance, beware. You'll be paying a lot more for those Christmas gifts due to rising interest rates.
A family visiting Boston left behind a videotape with precious memories in their rental car.
A Cape Cod woman reached out to the I-Team's Call for Action after struggling to get her health insurance provider to approve an overnight hospital stay for a major surgical procedure.
Detective Lieutenant Brian Tully was disciplined for failing to supervise investigators who sent inappropriate text messages during Karen Read's investigation.
WBZ-TV's I-Team has uncovered a third attempted land grab by thieves in Massachusetts, this time in West Yarmouth.
How do you keep political drama from poisoning important relationships during the holidays?
Consumers haggle over the price of big-ticket items like homes and cars. So should they also bargain over the cost of college tuition?
Jon Keller says an unholy union of clever tech and cultural dreck have turned brain rot into a global plague.
Boston City Councilor Ed Flynn joined WBZ-TV this week for a one-on-one interview for Sunday's "Keller At Large."
Jon Keller has his annual list of turkeys in the Boston area for Thanksgiving 2024.
Holiday shoppers his the malls on Saturday to get last-minute gifts and a little bit of holiday cheer.
A romance bookstore - the first in the Boston area - has opened its doors in Cambridge, giving fans of the genre the chance to revel in romantic reads.
Ocean State Job Lot announced this week it is taking over another Christmas Tree Shops location, this one in North Attleboro.
Massachusetts is getting closer to allowing pot cafes and other sites for social marijuana consumption.
Bertucci's has closed its Swampscott restaurant, leaving only 15 locations in Massachusetts.
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.
Jayson Tatum scored a season-high 43 points, grabbed 16 rebounds and dished out 10 assists for his third career triple-double and the Boston Celtics beat the Chicago Bulls 123-98 on Saturday night.
Morgan Geekie scored a tiebreaking, power-play goal with 1:45 left in regulation, and the Boston Bruins beat Buffalo 3-1 on Saturday night, sending the Sabres to their 13th straight loss.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
The NBA fined the Boston Celtics coach $35,000 on Saturday "for aggressively pursuing and directing inappropriate language toward a game official" at the end of his team's loss to the Chicago Bulls on Thursday night.
The New England Patriots will not have Marcus Jones for Sunday's game against the Bills.
A dog trainer in Massachusetts managed to create the perfect "dog nativity scene" that's going viral on social media.
Good Samaritans came to the rescue of a 20-year-old blind cat who was seen floating on a piece of ice in Westford.
The Mount Washington Observatory shared photos of staff members hanging ten on "rime ice" formations.
A unique ATM tree in Greenfield, Massachusetts was hit by thieves in a heist.
An "odd couple" at an Animal Rescue League shelter in Boston is looking for a new home together.