18/05/2023George Brown Senior US Economist See all articlesThe US risks default in a matter of weeks unless Congress can reach a deal to raise the country’s borrowing limit. While negotiations are underway, if the “x-date” (see below) passes without the debt ceiling being raised, ...
House Speaker Kevin McCarthy (R-CA) speaks as he holds a press conference after the House approved the debt ceiling deal he negotiated with the White House to end their standoff and avoid a historic default, at the U.S. Capitol in Washington, U.S. May 31, 2023. REUTERS/Jonathan ...
Otherwise, the debt limit deadline is arguably the greatest political risk next year, and we expect it to rival the 2011 episode in its disruption to financial markets and the economy. While it could lead to spending cuts, here again, the odds lean against substantial changes. Congre...
Observer.com : Chinese readers are currently very concerned about the US debt ceiling crisis. We all know that the U.S. debt limit is not a new topic. Since 1960, the U.S. government has reached the debt ceiling 78 times. How bad will it be this time compared to previous US debt c...
Otherwise, the debt limit deadline is arguably the greatest political risk next year, and we expect it to rival the 2011 episode in its disruption to financial markets and the economy. While it could lead to spending cuts, here again, the odds lean against substantial changes. Congressional Re...
The bill would suspend the U.S. debt limit through Jan. 1, 2025, allowing Biden and lawmakers to set aside the politically risky issue until after the November 2024 presidential election. It would also cap some government spending over the next two years, speed up the permitting pro...
Otherwise, the debt limit deadline is arguably the greatest political risk next year, and we expect it to rival the 2011 episode in its disruption to financial markets and the economy. While it could lead to spending cuts, here again, the odds lean against substantial changes. Congressional R...
By Reuters | July 26, 2023, at 1:02 p.m. Save More US House Republicans Overcome Hurdle on First 2024 Spending Bill More Reuters FILE PHOTO: U.S. Capitol police stand outside the Capitol building as the Senate votes on debt ceiling legislation to avoid a historic default at the...
Otherwise, the debt limit deadline is arguably the greatest political risk next year, and we expect it to rival the 2011 episode in its disruption to financial markets and the economy. While it could lead to spending cuts, here again, the odds lean against substantial changes. Congressional Re...
(CNN) — Treasury Secretary Janet Yellenreaffirmed June 1as the hard deadline toraise the debt ceilingon Monday, saying she expects the United States will be unable to pay all of its bills in a little over a week. If an agreement isn't reached to prevent the United States from defaulting...