United States debt ceiling

Divided Congress enters crucial week in budget, debt fight

Divided Congress enters crucial week in budget, debt fight

As the U.S. government moved into the second week of a shutdown on Monday with no end in sight, a deadlocked U.S. Congress also confronted an October 17 deadline to increase the nation’s borrowing power or risk default. The last big confrontation over the debt ceiling, in August, 2011, ended with an eleventh-hour agreement under […]