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.
WBZ-TV's Courtney Cole reports.
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.
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.
Emerson College informed pro-Palestine student protesters that the small tent city they created in an alley near campus is violating City of Boston ordinances.
Mason Lohrei made his Bruins and NHL debut just over five months ago. On Wednesday, the 23-year-old defenseman will get his first taste of the NHL Playoffs.
Bruins head coach Jim Montgomery offered up some thoughts about that scheduling when speaking to the media on Wednesday.
Pro-Palestinian protests have started at Harvard University, with students putting up tents on Harvard Yard.
The University of Maine already had the world's largest 3D printer. It just unveiled a new one that's four times bigger.
Pro-Palestinian protests have started at Harvard University, with students putting up tents on Harvard Yard.
Gas prices are rising fast in Massachusetts and if you have a daily drive into Boston that extra expense adds up quick.
Highland Avenue in Somerville, Massachusetts is such a mess drivers are getting bumper stickers to show they "survived" it.
A different GOAT will be taking the field at Gillette Stadium this weekend, as Lionel Messi and Inter Miami CF are set to take over the house that Tom Brady built in New England.
Tom Brady's sloppy autographs on some prized items have allegedly cost a sports memorabilia collector in Massachusetts thousands of dollars.
Members of Gen-Z believe they are aging faster than other generations, but is that true?
Scientists are making progress in using less toxic immunotherapy instead of traditional chemotherapy to fight cancer.
The CDC estimates the U.S. could reach 300 measles cases in 2024 — more than the recent peak two years ago.
A new study finds that exercise may help reverse aging by reducing the buildup of fat.
Health officials are warning consumers not to consume Infinite Herbs basil sold at some Trader Joe's and Dierberg's stores after 12 people were sickened.
A Townsend woman was scammed into believing a famous actor was in love with her. Then the case took on a potentially more sinister turn.
State contracts obtained by the I-Team show taxpayers are paying tens of millions of dollars to hotels for rooms and food.
A fourth-grade teacher at an elementary school in Cambridge is facing child rape charges.
William Foley Jr., a five-time drunk driver who lost his license after a fatal crash in 2001, is back behind bars after an I-Team investigation.
The IRS Criminal Investigation unit helps go after violent criminals, including some right here in Boston.
Pro-Palestinian students have accelerated their protests of the Israel-Hamas war. But are the they helping or hurting their cause?
Massachusetts State Sen. Peter Durant weighed in on budget concerns in Massachusetts.
According to ADL's annual Audit of Antisemitic Incidents, Massachusetts had the fifth most incidents in the country last year, up a shocking 189 percent over 2022.
"It's the golden goose," said Rooney of Boston's commercial property taxes, which provides a large percentage of the city's annual revenue.
MBTA General Manager Phil Eng gets high marks for improving the T's management and culture, but there's a lot of red ink that needs to be dealt with, says WBZ-TV's Jon Keller.
April 20, 2024 is Record Store Day. See which record shops in Massachusetts are participating.
Boston Dynamics' latest robot is ready to "exceed human capabilities," the company says.
Rising costs are forcing small businesses located on Boston's Massachusetts Avenue to close.
Boston-based box wine brand Alileo teamed up with Caffe Nero to launch a coffee and wine experience in Massachusetts.
Today is Patriots' Day in Massachusetts. Here's what to know about the celebrations and what's open and closed for the holiday.
Robert Shure is the talented sculptor behind the FAO Schwartz teddy bear, the Cy Young memorial and the Massachusetts Fallen Firefighters Memorial.
Ming Tsai demonstrates how to cook a traditional Chinese street food - Ming's bings.
Founded out of love, Rustic Marlin is a home décor and lifestyle brand with a unique origin story in Massachusetts.
The Vermont Country Store has since become an iconic destination for locals and tourists alike.
Creating an inviting environment for the community to meet, enjoy and participate in the arts
Mason Lohrei made his Bruins and NHL debut just over five months ago. On Wednesday, the 23-year-old defenseman will get his first taste of the NHL Playoffs.
Bruins head coach Jim Montgomery offered up some thoughts about that scheduling when speaking to the media on Wednesday.
ESPN looked at first-round picks at every position between 2000-19 to determine a success rate -- or hit rate -- at each position to get an idea of what the surest and riskiest bets are for teams looking to nail their top pick.
A different GOAT will be taking the field at Gillette Stadium this weekend, as Lionel Messi and Inter Miami CF are set to take over the house that Tom Brady built in New England.
Tyler Freeman and Bryan Rocchio had RBIs in the seventh inning when Cleveland finally scored against Boston's Tanner Houck, and José Ramírez homered as the Guardians kept up their scorching start with a 4-1 win over the Red Sox on Tuesday night.
Researchers spotted a 37-year-old right whale mother named Wolf and her calf off the coast of Massachusetts.
The 2024 cicada broods will not be emerging in Massachusetts - but the buzzing bugs are set to appear here in 2025.
A pair of vultures thought to be "actively dying" actually had too much to drink, wildlife rescuers in Connecticut say.
A fluffy pile of golden retrievers took over the Boston Common in memory of Spencer the marathon dog.
The thick fog made for an eerie sight as the Mayflower II crossed the Cape Cod Canal.