US Reaches Debt Limit: What Comes Next?US government has reached the debt limit set by Congress, Treasury's Tim Geithner said Monday. Treasury has ways to keep paying the nation's bills until August. All eyes are now on Congress.Trumbull, Mark
The federal government reached the statutory debt limit, or debt ceiling, of $31 trillion on January 19, 2023.7The debt limit is the maximum amount of debt the government can take on to pay its bills. What Happens When the U.S. Hits the Debt Limit? If the U.S. hits the debt limit,...
What happens to credit card debt, specifically, after a cardholder dies depends on a number of factors, including how the account was set up and the status of the estate. Who is responsible for debt when someone dies? Credit card debt doesn’t disappear when someone dies, as issuers still...
When do you stop paying into the Social Security system? What is the maximum amount of Social Security tax? How has the Social Security tax limit changed over time? What happens when your earnings exceed the taxable maximum? Is there a Medicare tax limit? What Is the Social Securi...
What Happens If the U.S. Defaults on Its Debt? Given the recent history of last-minute negotiations to stave off the Treasury breaking past congressionally imposed debt ceilings and into technical default on the U.S. debt, it’s worth reviewing what the effects would be. ...
Interest rate risk: What happens when rates change Bond prices move inversely to interest rates. When rates rise, the value of existing bonds typically falls, because new bonds offer better yields. If you sell before maturity, you could take a loss. On the flip side, if rates fall, your ...
your equity stake rises. When it reaches the 20 percent level, you can request that your lender remove the PMI from your payments — saving you some money. And when your loan-to-value ratio (LTV) is at 78 percent (meaning your HE stake is 22 percent), the lender must remove it by ...
In other pre-approval cases, the credit card issuer reaches out first. You might even receive an offer from a credit card company you’ve never considered before. That happens because the lender has already looked at some of your credit information from your credit file and determined that ...
Policymakers often attempt to direct the benefits of an economic stimulus toward specific industries or sectors. When the U.S. auto industry struggled during theGreat Recession, the government instituted theCash for Clunkersprogram, which incentivized consumers to buy new, fuel-efficient vehicles to re...
Significant Dilution: By the time a company reaches Series C, founders might have given up a substantial amount of ownership, significantly diluting their control. Intense Growth Pressure: Series C funding is often used for scaling operations on a global level, which brings even more immense pressu...