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 – ...
Define US Government. US Government synonyms, US Government pronunciation, US Government translation, English dictionary definition of US Government. Noun 1. US Government - the executive and legislative and judicial branches of the federal government of
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...
Still, if past debt ceiling showdowns such as the one that occurred in 2011 are any guide, Washington may be in a nervous state of suspended animation with little progress until the "X-date," the deadline when the Treasury's "extraordinary measures" are depleted. ...
Debt ceiling crisisAs the June 1 deadline looms with the possibility the U.S. could run out of money to pay bills, Republicans are demanding spending cuts.Allison Bailey/NurPhoto via Shutterstock The federal government's record-high national debt is set to get even bigger, ...
At LME week, major discussions have focussed around the LME's upcoming warehouse proposal and its impact on premiums and prices over the coming year, while producer supply discipline has also been a major talking point with CRU. The impending debt ceiling deadline on 17th October is also concer...
Lamy’s comments come as the political impasse over the U.S. government’s borrowing limit and funding continued, with less than 24 hours before a deadline to raise the debt ceiling or risk a debt default. The failure of Republican and Democrat lawmakers to reach an agreement has not only...
The good news is that US politicians might have a little longer to reach a deal beyond the widely-publicised 2 August deadline, according to US-based wealth management and private equity company Robert W Baird & Co. Inflows to the Treasury have been greater than forecast with expenditure lower...
Obama is trying to win congressional approval to raise the nation's legal debt ceiling before a 2 August deadline. The Treasury Department said on Wednesday the Fitch warning was "another stark reminder" of the need for Congress to act quickly. ...
With a time agreement, the Senate could move rapidly to pass the debt ceiling bill. Without one, the regular Senate process would slip beyond the June 5 deadline. There is optimism they could find a way forward, but Thune was clear it could take some time to sort out over the next ...