America's borrowing is its superpower. A default would tarnish that
Call it American financial exceptionalism: The full faith and credit of the US government goes far, but a default because of the debt ceiling would change that.
2023-05-24 00:28
How you can prepare for a debt default
Treasury Secretary Janet Yellen reaffirmed June 1 as the hard deadline to raise the debt ceiling on Monday, saying she expects the US not to be able to pay all of its bills in early June.
2023-05-23 20:21
Biden and McCarthy aides hunt for bipartisan debt ceiling deal
By Jarrett Renshaw White House and congressional Republican negotiators will meet again on Tuesday to resolve a months-long
2023-05-23 18:30
Analysis-US debt ceiling crunch threatens to roil complacent stock market
By Lewis Krauskopf NEW YORK Strategists at some of Wall Street’s biggest banks are sounding increasingly worried about
2023-05-23 13:22
Florida restaurant sues DeSantis over drag show restrictions
By Daniel Trotta A Florida restaurant that puts on what it calls family-friendly drag performances sued Governor Ron
2023-05-23 09:49
Debt ceiling deal: The sticking points holding things up
President Biden and US lawmakers are trying to hash out a deal ahead of a 1 June debt ceiling deadline.
2023-05-23 05:22
Treasury confirms U.S. default as early as June 1 without debt ceiling hike
By Andrea Shalal and David Lawder WASHINGTON The U.S. Treasury Department reiterated Monday it expects to be able
2023-05-23 04:47
Buy the dip? If the debt ceiling isn't resolved soon, markets will likely slide
If the United States defaults on its debt, it would be catastrophic for the economy. Millions of jobs would be impacted, the cost of borrowing money would skyrocket and government benefits many people rely wouldn't be sent on time.
2023-05-23 03:15
Why we may need a stock market plunge to solve the debt ceiling crisis
Wall Street is taking a no-worries attitude about the ticking time bomb in Washington that threatens to blow up the world economy. That might be a problem.
2023-05-23 01:25
Get up to speed on the US debt drama
House Republicans are insisting on spending cuts before they will agree to raise the nation's debt ceiling past $31 trillion.
2023-05-22 19:49
Fresh round of debt ceiling talks kick off as US default worries grow
WASHINGTON U.S. President Joe Biden and House Republican Speaker Kevin McCarthy plan to meet over the debt ceiling
2023-05-22 18:22
Debt limit deal remains out of reach as McCarthy and Biden plan to meet again
The countdown is on, the stakes are high -- and there is still no debt limit deal.
2023-05-22 17:24