Trump and Vance criticize Republican handling of debt ceiling, call for temporary funding bill, even Liz Warren agrees
WASHINGTON, D.C. — President-elect Donald J. Trump and Vice President-elect JD Vance released a statement Thursday lambasting Congressional Republicans for allowing the United States to hit its debt ceiling in 2025 and…
Debt ceiling deal may shift investor focus to further Fed action
By David Randall NEW YORK (Reuters) – A last-minute deal to raise the U.S. $31.4 trillion debt ceiling will likely shift Wall Street’s attention to other emerging risks, including further Federal Reserve…
Factbox-What’s in the debt ceiling deal Biden, McCarthy are negotiating?
By Jarrett Renshaw WASHINGTON (Reuters) – U.S. President Joe Biden and House Republican Speaker Kevin McCarthy are nearing a deal to lift the debt ceiling that would trim some U.S. federal spending.…
‘Outrageous’: Freedom Caucus Demands McCarthy Hold The Line On Debt Ceiling Talks
‘Outrageous’: Freedom Caucus Demands McCarthy Hold The Line On Debt Ceiling Talks Arjun Singh on May 25, 2023 Members of the conservative House Freedom Caucus are urging Speaker Kevin McCarthy not to…
US money market funds see big inflows amid debt ceiling caution
(Reuters) – U.S. money market funds saw big inflows in the week to May 24 as investors favored safer bets ahead of a deadline for politicians to agree an increase in the…
U.S. credit default swaps fall as debt ceiling talks progress
(Reuters) – The cost of insuring exposure to U.S. government debt dropped on Friday as U.S. President Joe Biden and top congressional Republican Kevin McCarthy were closing in on a deal that…
Biden says he, McCarthy had productive talks on debt ceiling
WASHINGTON (Reuters) – U.S. President Joe Biden said he has had several productive conversations with House Speaker Kevin McCarthy in their standoff over the federal government’s debt ceiling, adding that staff negotiators…
McCarthy says he spoke with Trump about US debt ceiling talks
WASHINGTON (Reuters) – Republican U.S. House of Representatives Speaker Kevin McCarthy said on Thursday he spoke briefly with former President Donald Trump about the debt ceiling negotiations in recent days, as time…
Debt ceiling dispute delays US congressional Taiwan trip
WASHINGTON (Reuters) – Negotiators’ continuing failure to reach an agreement to lift the U.S. debt ceiling forced the House of Representatives’ new China committee to postpone a planned trip to Taiwan, the…
AOC Demands McCarthy Surrender On Debt Ceiling Talks
AOC Demands McCarthy Surrender On Debt Ceiling Talks Harold Hutchison on May 24, 2023 Democratic Rep. Alexandria Ocasio-Cortez demanded Wednesday that House Speaker Kevin McCarthy should “concede” in negotiations over the debt…
US Treasury asks federal agencies for payments clarity as debt ceiling default looms
WASHINGTON (Reuters) – The U.S. Treasury said on Tuesday it is asking other federal agencies for greater clarity and communication on the payments they expect to make and receive in the coming…
IMF chief hopes U.S. debt ceiling deal will come before ’11th hour’
LONDON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday she hoped the world economy would not have to wait until the 11th hour for a solution on the…
Analysis-US debt ceiling crunch threatens to roil complacent stock market
By Lewis Krauskopf NEW YORK (Reuters) – Strategists at some of Wall Street’s biggest banks are sounding increasingly worried about potential market fallout from the standoff over raising the U.S. debt ceiling,…
Marketmind: Not so fast, debt ceiling bulls!
A look at the day ahead in European and global markets from Kevin Buckland You didn’t think it would be that easy, did you? Investors are on edge after equities and the…
Analysis-US debt ceiling deal could stall safety flight fueling megacap rally
By David Randall NEW YORK (Reuters) – A potential deal to lift the U.S. debt ceiling could spur money managers to pare holdings in the massive technology and growth stocks that have…
Freedom Caucus Calls For ‘No Further Discussion’ On Debt Ceiling As More Dems Urge Biden To Invoke 14th Amendment
Freedom Caucus Calls For ‘No Further Discussion’ On Debt Ceiling As More Dems Urge Biden To Invoke 14th Amendment Arjun Singh on May 18, 2023 The House Freedom Caucus has said that…
Factbox-Biden, McCarthy debt ceiling deal – what’s in, what’s out
WASHINGTON (Reuters) – U.S. President Joe Biden and House of Representatives Speaker Kevin McCarthy, the top Republican in Washington, hope to finalize a deal on the debt ceiling after Biden returns from…
Marketmind: US debt ceiling drama aside, world economy looks shaky
A look at the day ahead in U.S. and global markets from Naomi Rovnick Risk appetite has perked up on global markets thanks to optimism that U.S. Democrats and Republicans are nearing…
ALFREDO ORTIZ: America Needs A Debt Ceiling Deal That Actually Does Something About Reckless Spending
ALFREDO ORTIZ: America Needs A Debt Ceiling Deal That Actually Does Something About Reckless Spending Alfredo Ortiz on May 17, 2023 After months of intransigence, President Joe Biden finally seems to recognize…
House Speaker McCarthy says U.S. debt ceiling deal by Sunday is “doable”
WASHINGTON (Reuters) – House Speaker Kevin McCarthy said on Wednesday that a deal to raise the U.S. debt ceiling limit was “do-able” by Sunday, the day President Joe Biden said he intended…
Marketmind: Are we there yet? Market holds breath for debt ceiling deal
A look at the day ahead in European and global markets from Ankur Banerjee Nervousness in the market over the looming U.S. debt ceiling deadline prevailed through the Asian hours and will…
Left-Wing Dems Bristle As Biden Mulls Welfare Work Requirements In Debt Ceiling Deal
Left-Wing Dems Bristle As Biden Mulls Welfare Work Requirements In Debt Ceiling Deal Arjun Singh on May 16, 2023 Left-wing Democratic lawmakers in Congress are criticizing President Joe Biden for signaling an…
US government CDS spreads decline as debt ceiling negotiations progress
NEW YORK (Reuters) – A measure of the cost to insure exposure to U.S. government debt declined on Tuesday as Democratic President Joe Biden and top congressional Republican Kevin McCarthy edged closer…
Marketmind: Biden, Republicans set for debt ceiling face-off
(Reuters) – A look at the day ahead in U.S. and global markets from Samuel Indyk. Another day, another meeting in Washington. President Joe Biden and senior Republicans, including House Speaker Kevin…
Biden, McCarthy debt ceiling meeting planned for Tuesday afternoon
WASHINGTON (Reuters) – A debt limit meeting between U.S. President Joe Biden and top lawmakers including Republican House of Representatives Speaker Kevin McCarthy has been scheduled for 3 p.m. ET (1900 GMT)…
Food aid cuts still ‘red line’ in debt ceiling talks, says Senate farm committee chair
By Leah Douglas WASHINGTON (Reuters) – Expanding work requirements for the largest U.S. food assistance program is still a “red line” in negotiations over raising the country’s debt ceiling to avert a…
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