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.
Jaylen Brown had 28 points, nine assists and seven rebounds and the Boston Celtics rolled past the Brooklyn Nets 148-111 on Friday night.
Any Lopez Belloza, the Babson College student who was deported, will remain in Honduras despite a judge's order for her return.
Police body camera video shows an Easton, Massachusetts officer rescuing a man from a burning car on Friday morning.
Parking will be drastically reduced at Gillette Stadium for this summer's FIFA World Cup matches in Foxboro, Massachusetts.
Attleboro schools reopened Friday for the first time in nearly two weeks, after winter break and then a blizzard. But, some parents weren't happy about it.
Police body camera video shows an Easton, Massachusetts officer rescuing a man from a burning truck on Friday morning.
Two Massachusetts residents have been diagnosed with measles, the Department of Public Health confirmed Friday.
Any Lopez Belloza, the Babson College student who was deported, will remain in Honduras despite a judge's order for her return.
Parking will be drastically reduced at Gillette Stadium for this summer's FIFA World Cup matches in Foxboro, Massachusetts.
Attleboro schools reopened Friday for the first time in nearly two weeks, after winter break and then a blizzard. But, some parents weren't happy about it.
Two Massachusetts residents have been diagnosed with measles, the Department of Public Health confirmed Friday.
There's a new drug that can help early morning shift workers stay awake and alert, a study out of Boston found.
As millions of Americans struggle with paying for health care, doctors and health experts discuss how medical care is being eroded by insurers denying necessary tests and treatment, making it "more difficult to be healthy in the United States."
Flu cases are rising rapidly, especially among kids in Boston, where hospitalizations of children under five have increased 150% over the last two weeks.
Four children have died from the flu in Massachusetts so far this season, public health officials say.
The ads for the Find Mass Money website in Massachusetts make it seem easy. But one couple struggled to get their $11,000.
Four Massachusetts State Police instructors have been charged following an investigation into the 2024 death of state police recruit Enrique Delgado-Garcia.
After I-Team reports about a Foxboro woman's frustration with her GE gas range, the company has agreed to give her a refund.
It took Aaron Braun years to get more than 93,000 Dunkin' rewards points, but after a policy change he's left with a fraction of that.
In the last three years, the Better Business Bureau has received thousands of complaints about GE.
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.
The restaurants at View Boston are closing this spring.
Uno Pizzeria and Not Your Average Joe's are closing more restaurants in Massachusetts.
Kowloon is expected to draw big crowds to Revere, Massachusetts when it opens a new tiki bar.
Two more movie theater chains are closing locations in Massachusetts. Experts say megaplexes need to make major changes.
The Neiman Marcus store at Copley Place in Boston is closing, Saks Global announced.
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.
Jaylen Brown had 28 points, nine assists and seven rebounds and the Boston Celtics rolled past the Brooklyn Nets 148-111 on Friday night.
Viktor Arvidsson scored twice, Joonas Korpisalo made 36 saves and the Boston Bruins beat the Columbus Blue Jackets 4-2 on Thursday night.
Charlie McAvoy apologized for how the U.S. men's hockey team responded to a comment from President Trump about the women's team.
The Denver Nuggets beat the Boston Celtics 103-84, ending the Celtics five-game winning streak.
Will the Patriots trade for A.J. Brown? New England's head coach expanded on his relationship with the star wide receiver.
Cape Cod beaches are covered with chunks of ice amid an abnormally cold winter in Massachusetts.
Snowmobilers came to the rescue of a moose that was buried up to its neck in snow off a New England trail on Tuesday.
Raising Cane's claims a Boston landlord has threatened to evict one of its locations in the Back Bay because the restaurant "smells like chicken fingers."
A tegu lizard was found buried beneath the snow in Providence, Rhode Island.
A gathering of North Atlantic right whales off Massachusetts over the weekend appears to have set a new monthly record.