The Biden administration is expected to begin blocking Russia from paying American bondholders next week, increasing the likelihood of the…
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WASHINGTON — Russia is ambling toward a major default on its foreign debt, a grim milestone that it has not…
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S&P Global has placed Russia under a “selective default” rating after the Russian government said last week that it had…
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Moscow's financial district.Credit...Agence France-Presse — Getty ImagesPayback time Today is the beginning of what is likely a long battle over…
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President Biden met with finance executives on Wednesday as he continued to try to put maximum pressure on Senate Republicans…
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The federal government is about two weeks away from being unable to pay its bills — and that could delay…
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WASHINGTON — President Biden said on Tuesday that Democrats are considering a change to Senate filibuster rules to bypass a…
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WASHINGTON — In March 2006, as the government veered dangerously close to a default, Senator Mitch McConnell of Kentucky, the…
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WASHINGTON — President Biden excoriated Republicans on Monday for blocking his party’s efforts to raise the debt ceiling weeks before…
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Treasury Secretary Janet Yellen told Congress that the debt limit must be raised by Oct. 18.Credit...Stefani Reynolds for The New…
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