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The Latest Breaking News from CBO

Markets sink as US debt talks stutter, fuelling default fears

Hong Kong (AFP) - Stock markets tracked losses in Wall Street on Wednesday as investors grow increasingly concerned about stalled US debt ceiling talks aimed at averting a painful default.

AFP

Markets sink as US debt talks stall, fuelling default fears

Hong Kong (AFP) - Stock markets tracked losses in Wall Street on Wednesday as investors grow increasingly concerned about stalled US debt ceiling talks aimed at averting a painful default.

AFP

Asian markets sink as US debt talks stall

Hong Kong (AFP) - Asian markets tracked losses in Wall Street on Wednesday as investors grow increasingly concerned about stalled US debt ceiling talks to avert a painful default.

AFP

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Biden and McCarthy's shared debt ceiling math problem

“It’s one thing to strike a deal, then you got to pass it."

Axios

Parties scramble for deal on debt limit, budget - Roll Call

Democratic and Republican staff negotiators spent the weekend and a good part of Monday trying to get on the same page in debt limit talks.

Roll Call

CBO sees 'significant risk' of debt limit breach before June 15 - Roll Call

The Congressional Budget Office on Friday warned of a "significant risk" the U.S. will run out of cash and borrowing authority by June 15.

Roll Call

Biden Falsely Bragged About Lowering the Budget Deficit. Now, It Is Predictably Rising Again.

Last year, Biden was trying to take credit for "the largest drop ever" in the federal budget deficit. Now, the deficit is almost three times as large as it was a year ago.

Reason

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Shoplifter banned from UK town centre mocked for looking 'very guilty' in mugshot

Daniel Scoffield has been banned from stores in his hometown for three years after he was issued with a Criminal Behaviour Order for a string of shoplifting offences

Daily Mirror

Vivek Ramaswamy Is Wrong About the National Debt

We can't grow our way out of its ruinous economic impact. The only way forward is to cut spending.

Reason

Biden's Student Loan Plan Could Cost Twice as Much as Projected

Unlike the Education Department's estimates, a CBO analysis considers how the new rules will encourage more students to take out loans they won't be able to pay back.

Reason

Faster IRS offering better picture on looming debt 'X-date'

That big infusion of cash that Congress approved last year to shape up the beleaguered IRS is having an unexpected side benefit

The Independent UK

The Clock Is Ticking: U.S. Could Default on Debt Payments by June 1

It's time for President Joe Biden and House Speaker Kevin McCarthy to strike a deal that will avoid a default and cut spending.

Reason

US may risk debt default 'as early as June 1': Yellen

Washington (AFP) - The United States could run out of money to pay its financial obligations -- risking a catastrophic default -- as early as the start of June, Treasury Secretary Janet Yellen said Monday, as policymakers tussle over raising the debt ceiling.

AFP

What's in the GOP bill to lift debt limit, cut spending

House Republicans are pushing their top priorities in a bill to raise the debt limit

The Independent UK

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Roll Call

Scope of COVID-19 funding cuts emerges as debt limit flashpoint - Roll Call

Democrats are jumping on the House GOP plan to recoup unspent pandemic aid in their debt limit bill, arguing it will harm veterans programs.

Daily Mirror

Woman brought so much misery to residents that she's now banned from entire town

Lauren Wilson, 26, described as a "prolific offender" by local police, faces being thrown in jail if she enters Macclesfield town centre before April 2026

The Guardian - UK

‘They’re doing this by stealth’: how the Met police continues to target Black music

Exclusive: London’s force denies conflating rap with criminality, but venues accuse them of ongoing racial profiling and censorship

Manchester Evening News

Woman BANNED from town centre and local supermarkets after bringing 'misery to residents'

Lauren Wilson, 26, has been ordered to adhere to a Criminal Behaviour Order (CBO) for the next three years

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Liverpool Echo

If you see any of these seven people in Liverpool city centre call the police

Faces of seven criminals banned from the city centre this year

Daily Mirror

'Britain's angriest beggar' who attacked people for refusing to give him cash is jailed

Jason Allum, 36, has on several occasions chastised members of the public who refuse to give him money and has now been jailed for breaching an order in Cambridge's city centre

Liverpool Echo

Man named one of Liverpool's 'most prolific shoplifters' banned from town

Gary Blower was caught stealing t-shirts from Go Outdoors

Salon

Trump, Bush tax cuts drive national debt

“The United States does not have a high-spending problem; it has a low-tax problem,” the report concludes

Reason

To Balance the Budget, Republicans Must Cut Military Spending, Trim Entitlements, or Raise Taxes

If Republicans refuse to gore their three sacred cows, a new CBO report shows that balancing the budget is literally impossible.

Tribune News Service

Chicken-or-egg game is on as Congress barrels toward debt limit

WASHINGTON — A House budget resolution will be delayed in part to allow for negotiations with President Joe Biden on a debt limit increase paired with some sort of concessions on spending and other policies acceptable to Republicans, according to House Budget Chairman Jodey C. Arrington.

Tribune News Service

Editorial: To be, or not to be, afraid of the federal budget?

Opinion editor's note: Editorials represent the opinions of the Star Tribune Editorial Board, which operates independently from the newsroom.

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