Biden signs debt ceiling deal into law, averting historic default
President Joe Biden signed into law Saturday a bill to suspend the nation's debt limit through January 1, 2025, to avert a first-ever US default.
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President Joe Biden signed into law Saturday a bill to suspend the nation's debt limit through January 1, 2025, to avert a first-ever US default.
The political fight that jeopardized the government's ability to pay its bills threatened severe economic harm; Robert Rubin warns any future fights over the debt ceiling are risky and irresponsible.
The president spoke less than 24 hours after the Senate approved the agreement in a bipartisan vote.
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.
With pandemic aid ending earlier this year, some food-stamp recipients are skipping meals or watering down baby formula.
The House passed the bill to raise the debt ceiling Wednesday. Now, the Senate will take it up.
President Biden and House Speaker Kevin McCarthy huddled yet again as the debt ceiling "X" date nears.
Even a short default could wipe out more than a million jobs, especially in parts of the U.S. that depend on federal spending.
McCarthy said Sunday that he had a "productive" call with Mr. Biden as the president returns from the G-7 conference in Japan.
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
Without a deal, Treasury Secretary Janet Yellen has said the U.S. could be unable to pay its bills and might default on its debt as soon as June 1.
Here's what Republicans and Democrats are demanding regarding the debt ceiling, and the red lines they're drawing.
The treasury secretary also told G-7 finance ministers and central bank chiefs meeting in Japan that a first-ever U.S. default on its debts is "unthinkable."
Republicans and Democrats still appear far apart on raising or suspending the debt ceiling. The five leaders are expected to meet again Friday.
The U.S. may be unable to pay its bills within weeks if Congress does not raise or suspend the debt ceiling.
The treasury secretary moved up her estimate of when the U.S. risks defaulting on its debt.
Here are the options Congress has to avert a first-time U.S. credit default and the severe economic consequences that could follow.
The federal government caps the amount of money it can borrow. But what are the risks if Congress fails to lift the debt limit?
A former case manager details a lot of the issues and concerns she experienced throughout her time working at a Denver homeless shelter.
A recent attempted burglary of an Aspen jewelry store has now drawn the attention of the FBI, as it appears to be a case of "crime tourism" or "burglary tourism."
The DPS Board of Education voted unanimously to close seven schools and restructure three more following the recommendation by the superintendent on Thursday.
Colorado Cherry Company has been a staple for pastries in Northern Colorado for decades now, and the company is now using its new Windsor bakery as an asset that will help it continue sales during natural disasters and more.
The mother of a two-month-old infant who died in Colorado has been arrested and accused in her son's death along with an adult male, identified as her boyfriend.
A former case manager details a lot of the issues and concerns she experienced throughout her time working at a Denver homeless shelter.
A recent attempted burglary of an Aspen jewelry store has now drawn the attention of the FBI, as it appears to be a case of "crime tourism" or "burglary tourism."
The DPS Board of Education voted unanimously to close seven schools and restructure three more following the recommendation by the superintendent on Thursday.
Colorado Cherry Company has been a staple for pastries in Northern Colorado for decades now, and the company is now using its new Windsor bakery as an asset that will help it continue sales during natural disasters and more.
The mother of a two-month-old infant who died in Colorado has been arrested and accused in her son's death along with an adult male, identified as her boyfriend.
A former case manager details a lot of the issues and concerns she experienced throughout her time working at a Denver homeless shelter.
A recent attempted burglary of an Aspen jewelry store has now drawn the attention of the FBI, as it appears to be a case of "crime tourism" or "burglary tourism."
The DPS Board of Education voted unanimously to close seven schools and restructure three more following the recommendation by the superintendent on Thursday.
Watch Dave Aguilera's Forecast
The mother of a two-month-old infant who died in Colorado has been arrested and accused in her son's death along with an adult male, identified as her boyfriend.
According to the Broncos, this is the first time in franchise history that a Broncos rookie quarterback has earned the honors.
Head coach Michael Malone on Tuesday night reached 432 wins as the head coach of the Denver Nuggets. That ties the record held by legendary coach Doug Moe.
Colorado Buffaloes head football Coach Deion Sanders brought a special guest with him to his weekly news conference in Boulder -- "Miss Peggy."
In the second half of Sunday's Denver Broncos game, rookie running back Audric Estimé momentarily took all of the crowd at Empower Field at Mile High's breath away.
An NHL referee was taken to the hospital after Avalanche defenseman Josh Manson slammed into him accidentally during Colorado's game in Philadelphia.
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Kennedy's team is weighing a significant rewrite of the FDA's rules.
Elon Musk and Jeff Bezos — the two richest people on the planet — are squabbling over social media. No, really.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
Billionaires Elon Musk and Vivek Ramaswamy say the Department of Government Efficiency has targets in mind for cost cutting.
Kennedy's team is weighing a significant rewrite of the FDA's rules.
Colorado State Senator Janet Buckner says she's resigning from the Colorado legislature to "prioritize my health and family."
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
Billionaires Elon Musk and Vivek Ramaswamy say the Department of Government Efficiency has targets in mind for cost cutting.
Three months after a pet rescue imported a puppy with rabies to Colorado, the state is taking action. That incident resulted in 54 people being treated for rabies and 12 dogs being euthanized.
Kennedy's team is weighing a significant rewrite of the FDA's rules.
A new potential case of bird flu in a California child without known contact with infected animals is raising concerns about a potential pandemic. Dr. Céline Gounder explains what to know.
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
It's finally time for full implementation of a 2022 ballot measure, as license applications for psilocybin healing centers become available at the end of the year.
Donald Trump's proposed tariffs could raise costs for U.S. consumers, economists say. Here's how much grocery bills could rise.
Elon Musk and Jeff Bezos — the two richest people on the planet — are squabbling over social media. No, really.
Billionaires Elon Musk and Vivek Ramaswamy say the Department of Government Efficiency has targets in mind for cost cutting.
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
The police chief in Simla, Colorado, Tony Schiefelbein, has resigned from his position this week as he faced a disciplinary hearing for allowing his teenage son to drive a Simla Police Department vehicle.
Law enforcement agencies are seeing a spike in smash-and-grab burglaries across the northern part of the Denver metro area and up into Northern Colorado.
Every time Michael Bryant leaves his apartment, he worries.
Another criminal case, impacted by the Colorado Bureau of Investigation's ongoing DNA scandal, will lead to a lenient plea bargain for a convicted killer.
The Colorado Department of Transportation is under scrutiny after more than two dozen people died in construction zone crashes this year.