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 Boston Red Sox edged Cleveland 1-0 on Wednesday night to snap the Guardians' six-game winning streak.
Hundreds gathered for a candlelight vigil at UMass Dartmouth to honor a classmate, teammate, and friend Marvins Antoine.
Rough seas and strong winds are already apparent along the Massachusetts coast as a potential nor'easter threatens to worsen conditions and linger through the weekend.
A UMass Boston student says students at nearby Boston College High School berated her and her mother with racial slurs as they were trying to drive home.
On a sunny, perfect autumn weather Wednesday, many people had their eyes to their potentially drenched weekend plans.
The WBZ Weather Team has issued a NEXT Weather Alert for a nor'easter in Massachusetts this weekend.
Hundreds gathered for a candlelight vigil at UMass Dartmouth to honor a classmate, teammate, and friend Marvins Antoine.
Rough seas and strong winds are already apparent along the Massachusetts coast as a potential nor'easter threatens to worsen conditions and linger through the weekend.
A UMass Boston student says students at nearby Boston College High School berated her and her mother with racial slurs as they were trying to drive home.
On a sunny, perfect autumn weather Wednesday, many people had their eyes to their potentially drenched weekend plans.
Last year, insurance companies in Massachusetts said they would stop covering GLP-1s when used specifically for weight loss.
In Massachusetts, one high school explained steps it has taken to try and reduce head injuries.
This year, ER visits for tick bites have increased dramatically, corresponding with a new threat: a rise in Alpha-gal syndrome (AGS), where one bite from a lone star tick can make you violently allergic to red meat. How can you best avoid tick bites?
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Sydney Towle, known for her social media content about living with a rare form of cancer called cholangiocarcinoma, died Wednesday in Bethesda, Maryland.
Conor Healy's powered wheelchair is his lifeline. When it broke, his family tried for months to get it fixed. So they reached out to Call for Action for help.
A former FAA special agent says the 9/11 attacks never should have happened because the government was aware of the vulnerabilities.
According to I-Team sources, a Massachusetts State Police trooper allegedly targeted his former girlfriend with racist messages after she began dating a man of color.
Massachusetts State Police have opened an internal affairs investigation after an alleged sexual assault at the department's Oak Bluffs barracks, the WBZ-TV I-Team has learned.
After a man sold his pickup truck on eBay he said the company held onto half his money - nearly $12,000. Here's how it was resolved.
Jon Keller said it's a mistake to think that young people will automatically gravitate to a younger candidate in Massachusetts.
Barney Frank, a Democrat who represented Massachusetts in Congress for 32 years, has died. He was 86 years old.
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.
Frugal Fannie's, a warehouse clothing store known for its bargains, is closing its Westwood, Massachusetts, location after 43 years.
The immersive WNDR Museum in Boston's Downtown Crossing is set to close down just two years after it opened.
Panera Bread is moving its headquarters from St. Louis to Weston, Massachusetts.
Breaking Grounds Cafe, a Peabody, Massachusetts coffee shop known for employing people with disabilities, is closing.
The buildings that house the Somerville Theatre and the Capitol Theatre in Arlington, Massachusetts are for sale.
Beauport, the Sleeper-McCann House has become one of New England's most imaginative seaside estates.
Blending clean modern lines with the warmth of a classic seaside retreat, this stunning North Shore coastal home was designed to feel both elevated and inviting.
Set across thirty acres of rolling lawns, wooded trails, and contemporary outdoor art, deCordova Sculpture Park and Museum invites visitors to experience art in the landscape.
James Beard Award-winning chef and restaurateur Karen Akunowicz has become known for her bold, Italian-inspired cooking and unmistakable culinary voice.
Just a short drive from Newport, the Norman Bird Sanctuary spans 300 acres of fields, forests, and coastal trails with sweeping views and more than six miles of hiking paths.
The Boston Red Sox edged Cleveland 1-0 on Wednesday night to snap the Guardians' six-game winning streak.
The Cleveland Guardians maintained their slim first-place lead in the AL Central with a 3-2 victory over the Boston Red Sox on Tuesday night.
The Boston Red Sox officially named Chad Tracy as the 49th manager in franchise history and picked up two more options on Chief Baseball Officer Craig Breslow's contract.
The New England Patriots' defense smothered Aaron Rodgers on the way to a 20-3 victory over the Pittsburgh Steelers on Sunday.
The Red Sox were 32-46 and 15 1/2 games back in the AL East race on June 24. They have since gone 52-25 and will be in the playoffs.
A two-headed turtle on Cape Cod has veterinarians seeing double.
Video of a "birdnado" shows thousands of tree swallows preparing to migrate south in Newburyport, Massachusetts.
A magazine borrowed from the Concord Public Library in New Hampshire 132 years ago has finally been returned.
A blue marlin weighing 1,260 pounds was caught by a charter fishing boat off Massachusetts.
Natick says it is installing a new floating boardwalk across Pickerel Pond.