Treasury Secretary Janet Yellen is warning CEOs about the potentially "catastrophic" fallout from a US debt default

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Treasury Sec. Janet Yellen
U.S. Treasury Secretary Janet Yellen speaks during a news conference at the IMF and World Bank Annual Meetings at IMF headquarters, October 14, 2022 in Washington, DC.

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US stocks slip ahead of debt-ceiling talks as default fears creep into markets

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Joe Biden
Joe Biden speaking at an event on September 16, 2014.

AP

This debt-ceiling fight is different — and it means we could actually default this time

Tech Insider : Economy, Politics
Biden McCarthy
President Joe Biden walking past House Speaker Kevin McCarthy at a luncheon in March.

AP Photo/Alex Brandon

Load up on Treasury bills for their juicy yields because the debt-limit standoff will likely be resolved, billionaire bond king Bill Gross says

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Bill Gross
Pimco co-founder Bill Gross.

Jim Young/Reuters

The US once had a 'mini-default' on some of its debts because of a technical glitch. The minor mistake cost billions.

Tech Insider : Economy
The United States Department of the Treasury building is seen in Washington D.C., United States on April 12, 2023.
The United States Department of the Treasury building is seen in Washington D.C., United States on April 12, 2023.

Celal Gunes / Anadolu Agency

The debt-ceiling crisis is coming at the 'worst possible time,' says Chicago Fed president

Tech Insider : Economy
Kevin McCarthy
House Speaker Kevin McCarthy.

Kent Nishimura /Los Angeles Times via Getty Image

Warren Buffett and Charlie Munger warned a banking crisis is possible, AI may be dangerous, and government overspending will end badly. Here are their 18 best quotes from Berkshire Hathaway's annual meeting.

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Warren Buffett (left) and Charlie Munger.

JOHANNES EISELE/AFP via Getty Images

Republicans dismiss fears that their debt ceiling bill would make the housing crisis worse for 1 million families as 'scaremongering'

Tech Insider : Economy, Politics
Tents housing the homeless line a street in downtown Los Angeles, California on April 22, 2020, amid the novel coronavirus pandemic.
Tents housing the homeless line a street in downtown Los Angeles, California on April 22, 2020, amid the novel coronavirus pandemic.

Frederic J. Brown/Getty Images

Biden calls House Speaker Kevin McCarthy an 'honest man,' but says he 'just about sold away everything' to appease far-right Republican lawmakers

Tech Insider : Politics, Economy
Biden McCarthy
President Joe Biden walks past House Speaker Kevin McCarthy of California after the GOP leader introduced him to speak at a Friends of Ireland Caucus St. Patrick's Day luncheon in Washington, DC, on March 17, 2023.

AP Photo/Alex Brandon

Warren Buffett says fears of bank runs and a US debt default are dangerous - and people need to be told their deposits are safe

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warren buffett
Warren Buffett.

REUTERS/Rick Wilking

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