The legislation now goes to President Biden's desk, pulling the nation back from the brink of a financial crisis. Jun 2, 2023 U.S. Senate to vote on House debt ceiling bill The House passed the measure on Wednesday night. Monday is the deadline for the nation to avoid default. ...
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Investors monitoring debt ceiling, inflation data Stocks closed flat Tuesday as investors await an agreement on the federal debt ceiling and new economic data on inflation. AlphasFuture founder and investment manager Geetu Sharma joined CBS News to discuss what the new information will mean for inve...
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IMF: US Debt Defaults Will Take a Heavy Toll on Global Economy, Global GDP Growth Can Plunge Goldman Sachs Warns of Serious Risks US Dollar Will Lose Reserve Currency Status on Debt Ceiling Standoff Goldman Sachs Sees European Gas Prices Tripli...
The House rejected President-elect Donald Trump’s new plan Thursday to fund operations and suspend the debt ceiling. In a hastily convened evening vote punctuated by angry outbursts over the self-made crisis, the lawmakers failed to reach the two-thirds threshold needed for passage — but Hous...
During the 2011 national debt crisis started by Congressional Republicans, a deal was finally struck to increase the nation's debt limit, but a sequester was put on the military and domestic spending. The sequester was put in place to try and spur government action. As part of the deal, ...
“This decline mirrors the 2011 debt ceiling crisis, during which sentiment also plunged,” wrote Joanne Hsu, director of the university’s Surveys of Consumers. Meanwhile, consumers’ inflation expectations moderated in May, but their economic outlook for the year ahead plunged 17% from the prio...
Debt Ceiling News, Analysis and Opinion from POLITICO Facebook X Column | Capital Letter Lael Brainard's ‘Crisis Management Agency’ — and Her Warning For Trump Johnson backs away from go-it-alone debt ceiling plan Johnson on wildfire relief: 'We don't play politics with disaster aid'...
Senators wrestle with Russia sanctions as Ukraine crisis deepens By ANDREW DESIDERIO 01/20/2022 04:30 AM EST Congress GOP grabs for the post-Trump upper hand on Moscow By ANDREW DESIDERIO 01/13/2022 04:30 AM EST Congress The fate of the filibuster: Your guide to the changes Dems really...