Senate passes debt ceiling bill, sending measure to Biden
The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis.
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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.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
Everything from the stock market to Social Security payments could be jolted if the U.S. defaults on its obligations.
Even a short default could wipe out more than a million jobs, especially in parts of the U.S. that depend on federal spending.
If Congress doesn't have a deal to raise the debt ceiling by June 1, your investments could be at risk.
WBZ-TV's Courtney Cole reports.
WBZ TV's Courtney Cole reports.
If Congress can't come to an agreement by June 1, the country will default and not be able to pay its' debts.
If Congress can't come to an agreement by June 1, the country will default and not be able to pay its' debts. WBZ-TV's Mike Sullivan reports.
"No one should assume that the Fed can… really protect the economy and the financial system, and our reputation globally, from the damage such an event might inflict," Federal Reserve Chairman Jerome Powell said.
Massachusetts Congressman Jim McGovern said House Speaker Kevin McCarthy's "playing games" with the debt ceiling "represents an all-time high in recklessness and stupidity."
Massachusetts Congressman Stephen Lynch believes lawmakers can cross the aisle to find a solution.
We hear about it every day, but do you know what it is and how it affects you?
Grover is the ultimate in single interest constituencies in Washington. He is not accountable to anybody. He does not disclose who funds him, who pays him to do what he does or how much he is paid to blackmail GOP Members of Congress to sign his pledge not to raise taxes.
One word comes to mind as I watch these inept egomaniacs drive us off the road: help!
Mitt Romney says the nation's credit problem arose because President Barack Obama has failed to show leadership on the economy.
Now that federal lawmakers have finally hammered out a deal to raise the nation's debt ceiling, what does this mean for taxpayers here in Massachusetts?
Jay Gonzalez, the state's budget chief says he is relieved with the action taken in Washington, but uncertain about what is ahead.
In relation to the trillion dollar estimates made by both the Senate and the House,what was the longshot figure that the stock market lost over the past week? My feeling is that the trillions lost in the market exceeded the trillions that the Senate and House were squabbling about. - Stan
The bill is expected to pass, but the debt debate is far from over.
Gridlock, chaos, and 11th hour can-kicking? Of course that's what we're getting. That's exactly what we ordered.
We've Reached A Fork In The Road
The Massachusetts' congressional delegation is protesting a warning from a major credit rating agency that they might downgrade the credit ratings of several municipalities in the state. Moody's Investors Service announced it would review the possible downgrade of U.S. municipalities and other institutions due to the indirect effects of the possible downgrade of federal government bonds because of the ongoing impasse over the federal debt limit. Moody's has listed 162 local governments in 31 states.
Mayors from across Massachusetts are calling upon national lawmakers to reach a deal in the debt ceiling talks.
The Archdiocese of Boston is clashing with a church in Dedham, Massachusetts over a nativity scene with an anti-ICE message.
The Boston Celtics cruised past Los Angeles 126-105 on Friday night, with the Lakers playing without LeBron James and Luka Doncic.
Eight states have laws making police body cameras mandatory. Massachusetts isn't one of them.
A 67-year-old man has been seriously injured after strong winds caused a tree to fall onto his car in Framingham.
The Watertown Boys & Girls Club is feeling the frustration after months of illegal dumping in their parking lot, a problem staff says is unnecessarily wasting money.
The Brian Walshe murder trial continued with a focus on his iPhone and text messages about his dead wife Ana.
The 2026 Men's World Cup draw is being revealed in Washington, D.C.
The Watertown Boys & Girls Club is feeling the frustration after months of illegal dumping in their parking lot, a problem staff says is unnecessarily wasting money.
Eight states have laws making police body cameras mandatory. Massachusetts isn't one of them.
A 67-year-old man has been seriously injured after strong winds caused a tree to fall onto his car in Framingham.
In an interview with CBS News, FDA Commissioner Dr. Marty Makary explains what went into the decision to drop the most serious warnings on hormone therapy for menopause.
Amy Cohen is running the New York City Marathon despite living with the painful effects of sickle cell disease.
Surgeons at Massachusetts General Hospital have removed a pig kidney from a New Hampshire man 271 days after the innovative transplant.
With two-year waiting lists for a primary care physician, Mass General Brigham is using AI to bridge the gap.
A new study finds that simply having a HEPA air purifier in the classroom may not be enough to keep students safe from respiratory illnesses.
Eight states have laws making police body cameras mandatory. Massachusetts isn't one of them.
A Massachusetts family got stuck with a bill for a damaged tire on their rental car, even though they bought the extra coverage.
I-Team sources say the allegations of misconduct involving Canton Police Sgt. Sean Goode stem from an investigation into former State Police Trooper Michael Proctor.
Customers have been telling the I-Team that the service has not been as advertised with delays and equipment problems.
Advocates for Pappas Rehabilitation Hospital in Canton say the state is failing to keep its promise to keep the facility open.
Both the Trump and Healey administrations are using government websites to blame each other for the shutdown.
Which party stands to take more of the blame from voters for the government shutdown? Here's what a new poll says.
A UNH Survey Center/Granite State poll shows John Sununu crushing Scott Brown by 23 points among likely primary voters in New Hampshire.
Seth Moulton said he's running against Sen. Ed Markey because "our party leaders are clinging to that old playbook."
Maine Governor Janet Mills' run for Senate comes with an unusual promise - she will only serve one six-year term.
Ocean Spray is looking into videos that claim to show its cranberry sauce cans full of water instead of jelly.
"Blue laws" in Massachusetts prevent most retailers, including grocery stores, from opening on Thanksgiving.
Two shuttered retailers are set to become supermarkets in southeastern Massachusetts.
The Michelin Guide revealed its 2025 "Northeast Cities" edition Tuesday night, and for the first time ever it spotlighted restaurants in the Boston area.
A new report from a nonprofit consumer organization highlights two grocery store chains in Massachusetts for their quality and price.
Just steps from the water's edge along Lake Winnipesaukee, a spectacular estate mixes modern architecture with breathtaking views.
An innovative craft winery located in downtown Meredith, New Hampshire, Hermit Woods is taking a different approach to winemaking.
Located on the water's edge along New Hampshire's Lake Winnipesaukee, Mill Falls blends elegant luxury with spectacular vistas.
Kohler Store by Supply New England and an interior designer showcases how beauty and functionality can breathe new life into a project.
James Beard-nominated pastry chef and co-founder of Bakey in Boston gives insight on how to make his world-famous babka.
The Boston Celtics cruised past Los Angeles 126-105 on Friday night, with the Lakers playing without LeBron James and Luka Doncic.
The 2026 Men's World Cup will be held across the United States, Canada and Mexico next summer.
Derrick White scored a season-high 30 points and the Boston Celtics routed the Washington Wizards 146-101 on Thursday night.
Paval Zacha scored twice, Joonas Korpisalo made 37 saves and the Boston Bruins beat the St. Louis Blues 5-2 on Thursday night.
The Pirates have traded pitcher Johan Oviedo to the Red Sox for outfielder Jhostynxon Garcia as part of a five-player deal.
Birders are flocking to Scituate, Massachusetts to catch a glimpse of a tropical bird called a limpkin, which has never been spotted in New England before.
A rescue group is blaming a "dangerous" TikTok trend for a surge in skiers getting lost in the backcountry at Vermont's Stowe Mountain Resort.
A North Atlantic right whale spotted off Ireland last year has made an "extraordinary" 3,000-mile journey to Boston, scientists say.
A bald eagle found bloodied in Fitchburg, Massachusetts was likely hurt in a bird fight and not shot as first suspected.
A little owl somehow ended up in the bathroom of someone's home in Barnstable, Massachusetts.