The blow to Boehner and his new team ensures that no bill to address the crisis will reach Obama before the August break, the NYT reports.» Read More
The week's top business news and investment advice, including debt bets and commodities plays.
CNBC's John Harwood has the latest details on Boehner's revised debt bill.
Should the GOP let the U.S. default on its debt? Donald Trump, Trump Organization chairman & president, weighs in on the art of cutting a debt deal.
CNBC's Eamon Javers has the details on a revised version of the Boehner bill.
Rep. James Lankford, (R-OK) defends his support of the Boehner plan and urges critics to read the bill.
Politicians knew this crisis was coming, says Rep. Steny Hoyer, (D-MD), who says the House speakers own members have now walked out on him.
A warning on Spain dents the euro and Japanese officials want the yen lower, thank you. It's time for your Friday FX Fix.
CNBC's John Harwood has the latest on the deficit debate and insight on whether a decision will be made this morning.
As Republicans failed to agree a plan to raise the US debt ceiling, Dennis Gartman, author of The Gartman Letter, warned that the US stock market was a dangerous place at the moment.
Navigating America’s fiscal swamp - even if investors don’t fall in - will not be pretty, according to Citi Chief Economist Willem Buiter.
"The world’s financial system could face losses equivalent to that of Lehman’s failure by August 15, and then again on the fifteenth day and the last day of every month until default is rectified,” says one chief economist.
As America’s largest foreign creditor, China has little option but to hope for the best and try to calm jittery markets in the event of a downgrade of US debt by the ratings agencies according to economists at Capital Economics.
What neither institution has yet done is clearly explain to the financial community what it will do if there is no debt ceiling deal by August 2, or US Treasury bonds are downgraded, Gillian Tett write in the FT.
Uncertainty over a debt deal in Washington weighed heavily on the markets this week, with Michael Cuggino, Permanent Portfolio Funds.
Discussing what deadlock in Washington over a debt deal means for business, with Jared Bernstein, Center on Budget & Policy Priorities; George Pataki, fmr. governor (R-NY); and Julian Epstein, Law Media Group.
Insight on why the House vote on the GOP debt plan has been delayed, with CNBC's Eamon Javers; Rep. Jeb Hensarling; (R-TX); and Rep. Chris Van Hollen, (D-MD).
CNBC's Eamon Javers details what's likely to happen if the bill makes its way to the Senate.
CNBC's Eamon Javers with details on the Boehner bill and the nation's debt limit.
CNBC's John Harwood with the latest details on the Boehner bill and the House vote.
Author Adam Mansbach said what every parent was thinking, "Hey, kids: 'Go the F— to Sleep.'" Now, one TV anchor is saying what most of America has been thinking: "Hey, Congress: 'Go the F— to Sleep!'"