By Andrea Shalal WASHINGTON (Reuters) – Treasury Secretary Janet Yellen is reaching out to U.S. business and financial leaders to explain the “catastrophic” impact a U.S. default on its debt…
(Reuters) – A look at the day ahead in U.S. and global markets from Amanda Cooper. U.S. Treasury Secretary Janet Yellen didn’t pull any punches on Sunday when she said…
Dem Rep Breaks With Biden, Calls For ‘Reduced Spending’ In Debt Ceiling Bill Arjun Singh on May 4, 2023 Democratic Rep. Jared Golden of Maine has broken with his party…
WASHINGTON (Reuters) – U.S. Senate Majority Leader Chuck Schumer on Monday set in motion an expedited process for the chamber to consider a clean two-year suspension of the federal debt…
WASHINGTON (Reuters) – No. 2 U.S. Senate Republican John Thune on Monday said the news that the federal government could no longer be able to pay its bills as soon…
(Reuters) – The U.S. federal government is ticking closer to its “x-date,” when it will no longer be able to pay its bills and risk a default that would shake…
WASHINGTON (Reuters) – With Democratic President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy locked in a standoff over raising the United States’ $31.4 trillion debt ceiling, some…
BEVERLY HILLS (Reuters) – Citigroup chief executive officer Jane Fraser said on Monday that debate about the debt ceiling in the United States had serious consequences even as the investing…
‘Thank Every Republican’: McCarthy Takes Victory Lap Over Passage Of Debt Ceiling Bill Harold Hutchison on April 26, 2023 Republican Rep. Kevin McCarthy of California said Wednesday that Americans should…
By Davide Barbuscia CHICAGO (Reuters) – BlackRock has been buying U.S. Treasuries in anticipation of an economic slowdown and a protracted fight between the U.S. government and Congress around the…
By Davide Barbuscia CHICAGO (Reuters) – Former U.S. Treasury Secretary Lawrence Summers said the odds that the U.S. government could face a technical debt default due to legislation around its…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Worries over a debt ceiling showdown are creeping into U.S. options markets, as investors grow increasingly concerned that lawmakers will be unable…
Bipartisan House Group Unveils Alternative Debt Ceiling Proposal As McCarthy, Biden Butt Heads Arjun Singh on April 20, 2023 A group of 61 House members has introduced a budget proposal…
GOP Debt Ceiling Bill Guts Biden’s Signature Climate Law John Hugh DeMastri on April 19, 2023 House Speaker Kevin McCarthy unveiled a Republican budget proposal Wednesday that would end the…
LONDON (Reuters) – JPMorgan expects the U.S. debt ceiling to become an issue as early as next month with the Wall Street bank ascribing a “non-trivial risk” of a technical…
By Katharine Jackson WASHINGTON (Reuters) – The standoff over raising the U.S. federal government’s $31.4 trillion debt ceiling illustrates the stakes of U.S. Senator Dianne Feinstein’s lengthy absence from Washington,…
By David Morgan WASHINGTON (Reuters) – The hardline U.S. House Freedom Caucus responded to President Joe Biden’s $6.8 trillion budget proposal on Friday, with a list of demands including a…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – A rapid fall in bank reserves held at the Federal Reserve, coinciding with an expected shortage of U.S. Treasury bills as the debt…
REP. ANDY BIGGS: Raise The Debt Ceiling Again? Here’s A Better Idea Rep. Andy Biggs on March 8, 2023 President Joe Biden wants to raise the national debt by more…
By Michael S. Derby NEW YORK (Reuters) – The United States risks long-term damage if Congress does not raise the national debt ceiling, Federal Reserve Chair Jerome Powell said on…
GROVER NORQUIST: Six Steps Republicans Should Take On The Debt Ceiling Grover Norquist on February 5, 2023 In his first two years in power President Joe Biden and the Democrats…
For those of us living in the United States, the topic of debt ceilings and raising them has been an ongoing debate. But what exactly is a debt ceiling, and…
‘Revisionist History’: Sparks Fly As CNN Host Spars With GOP Rep On Debt Ceiling Drama Harold Hutchison on February 1, 2023 Republican Rep. Dusty Johnson of South Dakota sparred with…
(Reuters) – The White House wants Congress to raise U.S. borrowing limits without conditions, but if years past are any indication, spending cuts and other legislation will factor in the…
Manchin Says He’s Baffled Why ‘Reasonable’ Biden Won’t Negotiate On Debt Ceiling Harold Hutchison on January 27, 2023 Democratic Sen. Joe Manchin of West Virginia said Friday he could not…