PBS NewsHour

What could happen if Congress fails to raise debt ceiling

Congressional and White House negotiators met again Thursday as they try to reach a deal on the debt ceiling. President Biden and Speaker McCarthy said they believe they can get an agreement next week. But fears of a default still loom since both sides remain divided on federal benefits and spending cuts. Economics Correspondent Paul Solman reports on what could happen in the case of a default.

What could happen if Congress fails to raise debt ceiling

6m 15s

  • April 24, 2024 - PBS NewsHour full episode: asset-mezzanine-16x9

    April 24, 2024 - PBS NewsHour full episode

    S2024 E116 - 57m 46s

    Wednesday on the NewsHour, the Supreme Court weighs whether federal protections for emergency abortions override a near-total ban at the state level. After months of wrangling in the House, President Biden signs a major foreign aid package that includes tens of billions of dollars for Ukraine. Plus, we meet evangelical Christians in Ukraine caught in the crosshairs of Russia's invasion.

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