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.
Boston Legacy lost their first-ever away game 0-3 to the Houston Dash on Saturday.
Gas prices continue to rise in Massachusetts and commuters are working out ways to cut back on spending.
The Croft School in Boston and Providence could close after the founder, Scott Given, allegedly concealed $13 million in debt for years.
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
DraftKings pushed back on the accusation, saying in a statement that it is not engaging in trademark infringement.
A Transit Police officer's gun went off during a struggle with a man armed with a butcher knife at the Forest Hills MBTA station.
The Croft School in Boston and Providence is closing after the founder, Scott Given, allegedly concealed $13 million in debt for years.
Gas prices continue to rise in Massachusetts and commuters are working out ways to cut back on spending.
Gas prices are rising amid the war in Iran, but a small number hidden with that price is constant.
DraftKings pushed back on the accusation, saying in a statement that it is not engaging in trademark infringement.
Boston's cold and snowy winter might have an effect on this year's pollen allergy season.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
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."
Frankie Rodenbaugh died just days after his babysitter allegedly left him in a car, strapped in his seat for hours with no food or water.
A woman went to visit her mother's grave at St. Joseph Cemetery in West Roxbury and was surprised to see the headstone was moved.
In the last four years there were 168 threats made against trial court judges in Massachusetts, according to state records.
A former staff member at a Massachusetts residential program for children living with autism is accused of breaking a teenage student's arm.
The ads for the Find Mass Money website in Massachusetts make it seem easy. But one couple struggled to get their $11,000.
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.
O'Connor's Restaurant & Bar, a well-known Irish pub in Worcester, Massachusetts for decades, is closing for good right before St. Patrick's Day.
Gillette is making a $1 billion investment in a new Boston headquarters.
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.
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.
Boston Legacy lost their first-ever away game 0-3 to the Houston Dash on Saturday.
DraftKings pushed back on the accusation, saying in a statement that it is not engaging in trademark infringement.
Jaylen Brown scored 30 points, Luka Garza added a season-high 22 points and the Celtics used a fourth-quarter rally to defeat the Grizzlies 117-112 on Friday night.
Lukas Reichel had a goal and an assist in his Boston debut, and the Bruins beat the Winnipeg Jets 6-1 on Thursday night.
Jaylen Brown scored 32 points, Jayson Tatum added 24 points and the Boston Celtics rolled to a 120-99 win over the Golden State Warriors.
Researchers spotted the season's first North Atlantic right whale mothers and calves in Cape Cod Bay.
Blue whales, the largest animals on Earth, have been spotted not far off the coast of Massachusetts.
The MSPCA-Angell is looking to find homes for 163 rats that were surrendered in Massachusetts.
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.