President Biden and House Speaker Kevin McCarthy huddled yet again as the debt ceiling "X" date nears. May 22, 2023 Show More Latest News How to avoid Black Friday phishing scams 1H ago Man shot by police after incident at Deptford hotel on Thanksgiving ...
Why the U.S. debt ceiling is unique As Congress and the White House face down a deadline to raise the debt ceiling, the U.S. moves closer to a possible default. CBS News' Errol Barnett has a look at why the U.S. handles its debt differently than any other nation. ...
Our base case is for an eventual agreement between the two political parties to raise the debt ceiling and avoid a default, but the journey is likely to be marked by elevated volatility. Heading into this period, investors could consider adding exposure to medium to long-term government bonds,...
ABC News Live: Debt ceiling showdown on Capitol Hill Plus, the calls for Supreme Court oversight at a Senate Judiciary Committee hearing and more on the loneliness epidemic declared by the U.S. surgeon general. May 2, 2023 Additional Live Streams ...
We need to manage public debt responsibly by cutting down government expenditure and strengthening the Kenyan shilling. Let’s not forget that any time Kenya shilling loses one value, we add Sh40 billion to our debt book. To cure our debt, let’s pray that the over-ceiling debt is declared...
House passes spending bill to suspend debt ceiling for 15 months to avoid government shutdown. Fox News' Congressional Correspondent Chad Pergram with the latest. The U.S. government could run out ofcashto pay its bills by mid-October, according to a new analysis from a Washington think tank...
In October 2023, the Parliament passed an amendment to the Public Finance Management (PFM) law, replacing the Sh 10 trillion public debt numerical ceiling with a debt anchor set at 55 percent of GDP in present value terms that are expected to be achieved by 2029....
Neel Kashkari, president of the Minneapolis Federal Reserve Bank, told CNN’s Poppy Harlow on Tuesday that it would be “prudent once we get through this scenario to figure out why we do this to ourselves” with the debt ceiling and whether a “more rational approach” can be taken in the...
The House passed legislation late Wednesday to implement the debt ceiling agreement negotiated between President Biden and House Speaker Kevin McCarthy, putting Congress on track to allow more borrowing just days before the government is expected to run out of money. The bill passed in a...
Dozens of House Democrats are supporting a bill that would eliminate the debt ceiling and allow the federal government to borrow whatever it needs to pay its bills.