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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.
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Save big on a new Apple Watch as Amazon Prime Day 2024 winds down.
Save 42% on Lodge's classic cast iron skillet during Prime Day 2024.
While their top pick was a power-hitting outfielder, the Red Sox focused on pitching at the 2024 MLB Draft.
Don't miss out on discounted Samsung, Google and more smartphones still available as Amazon Prime Day 2024 deals.
More than 30 beaches across Massachusetts are closed for swimming Wednesday.
It's not the heat, it's the humidity. Actually, right now, it's both in Massachusetts.
For the second time this year, a flamingo has been spotted on Cape Cod.
Several Nantucket beaches were closed on Tuesday while crews worked to clean up "large floating debris and fiberglass shards" from a broken wind turbine blade.
Homeless migrant families were dropped off at an MBTA stop because emergency shelters are full and they had nowhere to go.
A new survey found that more than 50% of Gen Z are using TikTok for health advice.
One area that's often overlooked when we talk about extreme heat is its impact on medications, and many drugs don't do well in warm temperatures.
Experts say that while pelvic floor issues are common for women after childbirth they should not have to live with pelvic discomfort.
A new program at UMass Memorial Medical Center in Worcester is offering women a unique chance to receive postpartum care at home.
Tahjana Lewis suffered burns to her chest, arms and legs, according to a recent lawsuit the Connecticut woman filed.
Blupoint Healthcare employees say their paychecks finally cleared at the bank.
An 84-year-old Navy veteran paid a shop thousands of dollars for a headstone. Two years later he still had nothing, until he reached out to WBZ's Call For Action.
Just days after the judge in the Karen Read case announced a mistrial, lawyers for the Mansfield woman are now looking to dismiss two of the charges against her.
The I-Team's Call for Action helped an Ipswich woman who spent years trying to get to the bottom of a mistake that was affecting her credit score.
A reformed romance scammer is speaking out, sharing with the I-Team how he got women to send him tens of thousands of dollars.
Jon Keller says Donald Trump chose not to unite the nation by selecting Ohio Senator JD Vance as his running mate.
Jon Keller takes a look at the short-term political implications of the Trump assassination attempt.
Longtime Everett Mayor Carlo DeMaria says a proposed soccer stadium is a key part of the solution to dwindling commercial revenues.
While the race for the White House has been mostly focused on President Biden and his widely-panned debate performance, his challenger Donald Trump is now breaking his post-debate silence.
Two big meetings were held in Washington Tuesday as House and Senate Democrats gathered separately to talk about President Biden and the future his candidacy.
Yankee Candle is laying off about 100 workers in Massachusetts amid a decline in the fragrance business.
Stop & Shop says it will be closing 32 stores this year and eight of them are in Massachusetts.
Thanks in part to an anonymous $5.2 million donation, the West Newton Cinema is likely to be saved from being demolished.
Bob's Stores, a discount clothing retailer with locations in Massachusetts and Connecticut, is going out of business.
Two New England pizza places were named among the best in the country by The New York Times.
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.
While their top pick was a power-hitting outfielder, the Red Sox focused on pitching at the 2024 MLB Draft.
An incredible season continued for Jarren Duran on Tuesday, when the Red Sox outfielder took home MVP honors of the 2024 MLB All-Star Game.
Jarren Duran turned some heads in his first All-Star Game, hitting a tiebreaking two-run homer for the American League and being awarded the MVP trophy.
The Boston Red Sox selected D'Angelo Ortiz in the 19th round. He's the son of Hall of Fame slugger David Ortiz.
The Patriots will hit the field for their first practice of training camp in just one week, kicking off a season of hope and intrigue for the franchise.
For the second time this year, a flamingo has been spotted on Cape Cod.
The Coast Guard came to the rescue of Barstool Sports founder Dave Portnoy after his boat lost power off Nantucket.
A humpback whale was caught on video leaping out of the water in Kittery, Maine.
Harvard researchers suggest intelligent beings concealed on Earth could be responsible for UFO sightings.
The MSPCA says goats can be goofy and fun pets - and you don't need to be an experienced farmer to adopt one.