News Summary: IMF urges US to raise debt ceiling
Raise The Debt Ceiling Zhou Xiaochuan, governor of the people's Bank of China, on the 3 day passed the budget control act of 2011 in the house of representatives of the United States Congress, said that we will pay close attention to the progress made by the United States in raising the...
WASHINGTON (Reuters) -The battle to raise the U.S. debt ceiling rekindled debate in Congress over funding for Ukraine, as House of Representatives Speaker Kevin McCarthy said on Tuesday he had no immediate plans to take up legislation to boost defense spending beyond what was in last wee...
US debt is growing by leaps and bounds, nearing $32 trillion. Ten years ago, when former US president Barack Obama fought with Republicans to raise the debt ceiling, the debt stood at $16 trillion. In other words, it doubled in just 10 years. ...
(ECNS) -- After months of partisan arm-wrestling, the US Congress approved the bill to raise America's debt ceiling after the Senate's passage late Thursday. The two parties in the United States engaged in a last-minute tug-of-war over the US debt "bomb," which reached a critical poin...
Comicomment: US debt-ceiling debacle far from over (ECNS) -- After months of partisan arm-wrestling, the US Congress approved the bill to raise America's debt ceiling after the Senate's passage late Thursday. The two parties in the United States engaged in a last-minute tug-of-war over...
(ECNS) -- After months of partisan arm-wrestling, the US Congress approved the bill to raise America's debt ceiling after the Senate's passage late Thursday. The two parties in the United States engaged in a last-minute tug-of-war over the US debt "bomb," which reached a critical poin...
Concerns around a US political showdown to raise the debt ceiling and a potential technical default by the US are likely to intensify over the next few weeks.
clinging to a dubious economic philosophy known as "modern monetary theory "which holds that "deficits don't matter".This is why the debt ceiling drama always ends the same way: after weeks of brinkmanship and partisan bickering, a last-minute deal is reached to raise the debt ceiling, all...
Yellen’s letter comes after Trump last week sought, unsuccessfully, to get Congress to raise the debt ceiling — or even scrap it entirely — under Biden’s watch before Trump takes office next month. Trump urged House Republican leaders to add an extension of the debt ceiling ...