Debt-Ceiling Deadline: Hard or Soft?
The Debt-Ceiling Debate Cycle When it comes to raising the roof on U.S. debt, there appears to be a rinse-and-repeat pattern in play. Since 1960, Congress has produced 79 separate measures to raise, extend or amend the debt limit, according to the Treasury Department's records. That's...
PGIM Head of Government Affairs James Sonne provides an update on the latest developments in Washington with the debt-ceiling deadline approaching. Sonne discusses the state of negotiations between both parties, what an agreement could look like, and potential fallout for financial markets. ...
The update buys much-needed time for debt ceiling negotiators to hammer out a deal May 26, 2023, 11:33 AM Debt ceiling drama hurting American families: 'We're being treated like numbers' Susan Meachum, who says she relies on Social Security, told ABC News she will "lose everything" ...
…If the debt ceiling serves any purpose, it is the occasional opportunity for Congress to step back and consider the sum of all its fiscal policies. The nation is borrowing too much but not because it is spending too much. The real crisis is the need to collect more money in taxes. I...
Finally, for those willing to bet that Congress will manage to raise the debt ceiling in time, some investors may look to arbitrage the yield gap between T-Bills maturing before and after early June. Key to this will be timing, with the opportune moment being when concerns over the debt ...
By Greg Hunter’s USAWatchdog.com “Deal or No Deal.” That’s what I am now calling the debt ceiling debate between Congress and the White House. I said last week that it is going to be tough getting tax increases and spending cuts big enough to get a $
The looming deadline is keeping the pressure high on House Republicans and the White House to bridge their differences and address the debt ceiling in the coming days. President Joe Biden is set to meet again on Tuesday with House Speaker Kevin McCarthy and other top congressional leaders. “...
As debt ceiling deadline looms, default or compromise?doi:10.1007/978-94-009-9761-5_37The transition occurring in present-day physics from the idea of a strict and regular connection between individual events to the statistical lawfulness of mass phenomena is regarded by many as a violation of...
Negotiations between President Joe Biden and Republican House Speaker Kevin McCarthy have so far failed to produce any agreement as the June 1 “hard deadline” for the United States to raise the debt ceiling or risk defaulting on its obligations is just now just nine days away. Treasury yie...