Debt ceiling debate goes down under

Oct 23, 2013
Australia's debt ceiling debate didn't look too much like America's.

Debt limit fight put business community at odds with Tea Party

Oct 18, 2013
The business community helped elect some Tea Party Republicans to Congress -- and they weren't happy with the shutdown and debt ceiling fight.

S&P: Shutdown and debt battle cost U.S. economy $24 billion

Oct 17, 2013
The aftermath of the debt ceiling debacle: consumer confidence is shaken, companies aren't spending, interest rates will rise, the nation's credit rating is in jeopardy, and GDP growth takes a hit.

If 'creditworthiness is like virginity,' did the U.S. just lose it?

Oct 17, 2013
America's creditworthiness takes a hit in Asia, even with the debt ceiling raised and the government reopening.

Ok, debt ceiling is dealt with: What do I need to know now?

Oct 16, 2013
Congress reached a deal -- and a process -- to avoid a default on U.S. debt and the reopening of the government.

What does all of this talk about default really mean?

Oct 16, 2013
Make no mistake, if the U.S. government defaults on its debt obligations, it will be a catastrophe. But the media has been misusing the term.
Reporters stand outside the Speaker of the House's office on Capitol Hill in Washington, DC, October 15, 2013, waiting for comments from the Republican leadership.
JIM WATSON/AFP/Getty Images

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Global economy cheers Senate deal on debt

Oct 16, 2013
The deadline to raise the debt ceiling is less than 24 hours away, but the U.S. won't actually default until the end of the month.

Debt ceiling damage already done

Oct 15, 2013
While most Americans are worried about what might happen if the U.S. defaults on its debt obligations on Thursday, many argue the damage has already been done.
Senate Majority Leader Harry Reid, D-Nevada (R) and US Senator Chuck Schumer stand near a placard during a press conference on Capitol Hill about the debt ceiling in Washington, DC, October 12, 2013.
JIM WATSON/AFP/Getty Images