Bloomberg
Biden Says Both Sides in Debt Talks 'Kept Their Word'
President Joe Biden speaks about reaching a deal to raise the debt ceiling. The measure brokered with House Speaker Kevin McCarthy limits federal spending for two years and suspends the debt ceiling through the 2024 election. He spoke on...
Bloomberg
Biden Expected to Sign Debt Deal to Avoid Default
The Senate easily passed a bill to suspend the debt ceiling which now goes to President Joe Biden for his signature. Bloomberg's Annmarie Hordern reports.
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First Look With Surveillance: Debt Deal, OPEC+ Faces
Anna Edwards and Kriti Gupta take you through what to watch today.
Bloomberg
Debt-Limit Deal Passes House, Easing US Default Concerns
The House passed debt-limit legislation in a 314-117 bipartisan vote Wednesday evening, sending the measure to the Senate for consideration as a US default deadline draws near. Bill Faries reports on Bloomberg Television.
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Bloomberg
Debt Bill Passes Procedural Hurdle
Bloomberg's Zach Cohen and Kate Davidson discuss the Debt Bill passing the procedural step and what's next as the House votes on the bill tonight, and how many votes will back Speaker McCarthy and President Joe Biden. Zach Cohen and Kate...
Bloomberg
Debt-Limit Deal Passes House, Goes to Senate
The House has passed legislation that would suspend the debt limit through Jan. 1, 2025, to avert a US default. Yvonne Man reports on Bloomberg Television.
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Votes Will Be There for Debt Limit Deal: Jeffries
Moments after House Democratic Leader, Hakeem Jeffries spoke to Bloomberg, Bloomberg's own Wendy Benjaminson and Dan Flately discuss the debt-limit deal and whether or not House Democrats will have difficulty getting the votes needed...
Bloomberg
Brookings Institute's Sheiner on Debt Limit Deal
Brookings Institute Senior Fellow and Policy Director of The Hutchins Center on Fiscal and Monetary Policy Louise Sheiner explains why she thinks the US debt ceiling bill will pass and the muted impact she sees it having on the economy....
Bloomberg
Rep. Fleischmann on US Debt Limit Deal
Chuck Fleischmann, US Republican Representative of Tennessee's third congressional district, discusses his views on the debt deal reached by US President Biden and House Speaker Kevin McCarthy. He speaks with Paul Allen and Kathleen Hays...
Bloomberg
US Treasury Cash Pile Drops to Lowest Since 2017
The US Treasury had just $67 billion of extraordinary measures left to help keep the government's bills paid as of May 24, the department said in a statement. Mike McKee reports on "Beyond the Bell."
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Yellen Estimates Debt Measures Will Run Out by June 5
Treasury Secretary Janet Yellen said her department estimates it will run out of funding by June 5 if lawmakers fail to raise or suspend the US debt ceiling. Kailey Leinz has more on "Beyond the Bell."
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Hoagland on Debt Limit X-Date: There's No Perfect Estimate
Bill Hoagland, Senior Vice President at the Bipartisan Policy Center, discusses his workflow on how he reached the same estimate as US Treasury Secretary Janet Yellen on the potential June 1st Debt Ceiling X-Date. Hoagland also talks...
Bloomberg
Is June 1 Really the X-Date for Running Out of Money?
House Republicans aren't buying Treasury Secretary Janet Yellen's warning that the US government will run out of money as soon as June 1, or her dire predictions of default, undercutting the urgency to raise the debt limit. Bloomberg's...
Bloomberg
Markets Underpricing Debt Deal, RBC's Wu Silverman Says
The debt ceiling debate "feels like the third trimester of pregnancy," Amy Wu Silverman, RBC Capital Markets head of derivatives strategy, says during an interview with Jonathan Ferro on "Bloomberg The Open."
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Hopeful for a Bipartisan Agreement: Sen. Cardin on Debt Talks
Democratic Senator of Maryland Ben Cardin discusses US Treasury Janet Yellen's newest letter stating that it is 'highly likely' the US government may not be able to meet all of its obligations by as early as June 1st, and whether or not...
Bloomberg
Debt Deal Will Happen But Markets Will Be Damaged: Athey
Abrdn Investment Director James Athey says there is still downside risk to equities and debt markets even if a debt deal is reached. He speaks with Jonathan Ferro on "Bloomberg The Open."
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Marc Lasry Says a US Debt Default Doesn't Make Sense
"There's no reason to go down that road," Avenue Capital Group Chair and CEO Marc Lasry says when responding to a question about the US federal debt standoff. He speaks with Sonali Basak on "Bloomberg Markets."
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Cato's Calabria: Current Financial System Needs Reform
Mark Calabria, Cato Institute Senior Advisor, joined "Bloomberg Markets: Americas" with Alix Steel and Guy Johnson on Tuesday morning. Calabria told Alix and Guy the current financial system in America needs reform.
Bloomberg
McCarthy Says Debt Deal Still Possible by End of Week
US House Speaker Kevin McCarthy said a deal to raise the debt ceiling and avoid an unprecedented US default is possible within days but acknowledged that both sides are still far apart.
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Biden and Republicans Hold Second Round of Debt Talks
President Joe Biden will meet with Republican leaders again at the White House today hoping to make progress on reaching a deal to raise the debt ceiling. Bloomberg's Kailey Leinz reports.
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Fed's Barr, in Prepared Remarks, Says Banks Are 'Sound'
Federal Reserve Vice Chair for Supervision Michael Barr says regulators "will continue to closely monitor conditions in the banking system and are prepared to use all of our tools for any size institution, as needed." Barr is scheduled...
Bloomberg
Takeaways From Senate Banking Hearing
Bloomberg's Megan Scully and Katanga Johnson discuss the takeaways from today's Senate bank hearing, and whether or not bank regulation is a possibility. They speak with Annmarie Hordern and Joe Mathieu on Bloomberg's "Balance of Power."
Bloomberg
Manchin Applauds McCarthy's Debt Ceiling Bill
Bloomberg's Laura Davison and Nick Wadhams discuss Representative Joe Manchin applauding Speaker McCarthy's Debt Ceiling Bill, and Janet Yellen and the Biden Administration's plan to limit investments in China. They speak with Annmarie...
Bloomberg
Ted Cruz Demands Answers From SF Fed on SVB
Ted Cruz (R) Texas, has asked San Francisco Fed President Mary Daly for information on the collapse of Silicon Valley Bank and says he has received a "dismissive response" and demands answers. He speaks with Annmarie Hordern and Joe...