While negotiations are underway, if the “x-date” (see below) passes without the debt ceiling being raised, coupon payments and redemptions of Treasury securities will stop. While technical lapses have occurred – such as the 1979 check-processing glitch that delayed some redemption requests – ...
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...
The impending debt ceiling deadline on 17th October is also concerning the market and its economic impact could be catastrophic if the USA defaults on its debt. CRU believes common sense will finally prevail and an agreement will be reached by US politicians, although it could go to the wire...
Fitch places U.S. AAA rating on "negative watch" as debt ceiling deadline nears Photo taken on Aug. 16, 2022 shows the White House in Washington, D.C., the United States. (Xinhua/Liu Jie)The brinkmanship over the debt ceiling,failure of the U.S.authorities to meaningfully tackle medium...
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...
Even a short debt-ceiling breach of a week or less would likely tip the economy into a recession, Mark Zandi, chief economist of Moody's Analytics, said in a recentreport. A short breach would be "enough to undermine the already fragile U.S. economy," Zandi wrote. ...
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 $
An upbeat President Joe Biden says a deal to resolve the government’s debt ceiling crisis seems “very close." He spoke late Friday, shortly after Treasury Secretary Janet Yellen pushed the deadline for a potentially catastrophic default back to June 5.
As the partial shutdown of the US government entered its second week and the country’s debt ceiling deadline drew ever closer, worries about the possibility of atechnical defaultonce again came to the fore. The one-monthTreasury billyield climbed above 0.3 per cent to levels not seen for ...