Democrats say the House GOP plan, which would reduce spending by $917 billion over ten years, is unacceptable because it would initially only increase the debt limit for about six months. That, they say, will create economic uncertainty, put the United States' Triple-A credit rating at risk ...
Susan Meachum, who says she relies on Social Security, told ABC News she will "lose everything" if the debt limit isn't raised. May 26, 2023, 2:29 PM 'I would have nothing': Low-income older people fear debt default that stops Social Security The consequences of a U.S. debt de...
debt limit to infinity12/1/2012 - The elaborate Ponzi scheme officially known as the U.S. financial system is set to completely transform into a Monopoly-style fantasy economy where money and debt are both meaningless and limitless. U.S. Treasury Secretary Timothy Geithner has actually come ...
vital public services such as education and health and making investments to limit the impact of the climate emergency. CNBC Africa’s Aby Agina spoke to Jason Braganza, Executive Director, African Forum & Network on Debt And Development (AFRODAD) for more on the way forward for the continen...
How the Lottery Works Here are the odds of winning the lottery and how to play responsibly. Erica SandbergApril 15, 2025 Just How Bad Is Inflation Now? President Donald Trump promised to lower costs on his first day in office. This is how it’s going so far. ...
Congressional Update - Debt Limit Negotiations - Where We Are Right NowJason L. Zanetti
from the CBO…, that sustainable debt limit will be reached in 2034. Ten years does not give America a lot of time. The bad news is that both Trump and Harris are big spenders, so the day of reckoning in the study (gross debt reaching 154 percent of GDP) will probably happen before...
WASHINGTON — U.S. Treasury Secretary Janet Yellen activated another extraordinary cash management measure on Tuesday to avoid breaching the federal debt limit, susp…
Still, the White House and congressional leaders have yet to reach a deal to raise the country’s debt limit, and just two trading days remain until June 1, which is the earliest expected date that the US could fail to fulfill all its financial obligations. Meanwhile, a hotter-than-expec...
Asked how worried Americans should be about the economy today, Adeyemo responded, “I think we should all be worried the Congress has not taken the action they need to do which is raising the debt limit. Not doing so would be a catastrophe for the economy that would have an impact across...