scroll to top arrow or icon

{{ subpage.title }}

The U.S. House Committee on Rules holds a hearing about the United States' debt ceiling.


House passes debt limit bill

The US House of Representatives on Wednesday night passed a bipartisan debt limit bill to avoid a government default. And after all the drama, it wasn’t even that close: 314 lawmakers voted in favor of the bill, while 117 opposed it. Interestingly, more Dems (165) backed the measure negotiated by House Speaker Kevin McCarthy with the White House than Republicans (149).

Read moreShow less

U.S. House Speaker McCarthy talks to reporters at the U.S. Capitol in Washington.


Debt ceiling deal comes down to the wire

There was much relief after President Joe Biden and House Speaker Kevin McCarthy announced on Saturday night that they’d agreed to raise the debt ceiling and avoid a default in the world’s largest economy by June 5, the date Treasury Secretary Janet Yellen says the US will run out of money to pay back its debts. But it’s clear that the ongoing crisis will come down to the wire. (For more on what’s in the proposed bill, see here.)

Read moreShow less
Paige Fusco

The Graphic Truth: Who blew up the US national debt?

On Saturday night, just days before the US government was set to run out of money, US President Joe Biden and House Speaker Kevin McCarthy reached an agreement to raise the debt ceiling. The deal is, as expected, a modest compromise that includes more spending cuts than Democrats were initially willing to make, but less than Republicans wanted.

Read moreShow less
Will the US default on its debt? Ask GZERO World's guests
Will the US default on its debt? Ask GZERO World's guests | GZERO World

Will the US default on its debt? Ask GZERO World's guests

It's the question swirling around Washington this week (and last week, and the week before, etc, etc). It's of concern to US allies and of great interest to US adversaries: Will the United States government default on its debt for the first time in history? Depending on the day of the week, or the hour of the day, you may get a different answer from politicians and pundits alike.

On GZERO World with Ian Bremmer, though, guests from the past few months, including Utah Senator Mitt Romney, World Bank Group President David Malpass, former New Jersey Governor Chris Christie, and US Transportation Secretary Pete Buttigieg, have struck a common chord: it won't happen, but if it does, we're in for a hurting. Catch GZERO World with Ian Bremmer on public television stations nationwide. Check local listings.

Read moreShow less

A trader works on the trading floor at the New York Stock Exchange.

REUTERS/Andrew Kelly

How’s the US economy doing right now?

If you’re a Republican, you probably think this is the worst economy in American history. If you’re a Democrat, chances are you at least rate it better than when Donald Trump was president.

But the truth is that even if your views weren’t colored by your partisan preferences, there’s enough conflicting data out there to confuse even the best, most apolitical economists.

Thankfully, I’m neither apolitical (I am nonpartisan) nor an economist (political scientists FTW), so if you ask me, I’d say the US economy is … pretty good.

Read moreShow less

Biden returns to join US debt ceiling talks

US President Joe Biden is on his way back from the G-7 summit in Japan to Washington, DC, where on Monday he plans to meet with House Speaker Kevin McCarthy to iron out a compromise over the debt ceiling. Biden nixed the last two legs of his trip — to Papua New Guinea and Australia — to join the talks in the hope of avoiding a catastrophic default as early as June 1.

Read moreShow less
Jess Frampton

Everything you need to know about the US debt ceiling

The dumbest recurring character in US politics (no, not the one you’re thinking), the debt ceiling, is back with a vengeance for yet another season of wholly unnecessary drama.

Read moreShow less

A mock 10 baht banknote bearing an illustration of a yellow duck instead of the Thai king or his predecessor is pictured in Bangkok on Nov. 25, 2020.

Kyodo via Reuters Connect

Hard Numbers: Thai royal canard, Biden’s deficit plan, Japan’s gender pay gap, golden Odin, Greek walkout

2: Prepare to read the next sentence twice. A man in Thailand is facing two years in jail for selling calendars of … rubber ducks. The squeaky fowl has long been a symbol of the country’s pro-democracy movement, and since these birds were dressed in royal regalia, authorities say they insulted the monarchy. The country’s defamation laws have been used to convict 200 people since 2020.

Read moreShow less

Subscribe to our free newsletter, GZERO Daily