Bitcoin could jump nearly 70% if the US defaults on its debt, Standard Chartered analyst says

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Bitcoin.
Bitcoin.

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Kevin McCarthy's bill to raise the debt ceiling squeezes by in the House after a series of contentious last-minute changes to secure enough GOP votes

Tech Insider : Economy, Politics
Kevin McCarthy
House Speaker Kevin McCarthy of California is pictured at the Capitol on January 7, 2023.

AP Photo/Jose Luis Magana

Republicans want to cut billions of dollars for energy projects as part of their legislation to raise the debt ceiling

Tech Insider : Economy, Politics
Workers gather as they install solar panels during the completion phase of a 4-acre solar rooftop atop AltaSea's research and development facility at the Port of Los Angeles on April 21, 2023 in the San Pedro neighborhood in Los Angeles, California.
Workers gather as they install solar panels during the completion phase of a 4-acre solar rooftop atop AltaSea's research and development facility at the Port of Los Angeles on April 21, 2023 in the San Pe

George Santos, who lied about his own employment history, wants to make the GOP's new work requirements even tougher

Tech Insider : Politics
Rep. George Santos in the green room before his interview with Piers Morgan in New York on February 20, 2023.
The scandal-plagued New York congressman has threatened to vote against the GOP’s new budget bill.

Jonathan Ernst/Reuters

Biden vows to veto the GOP bill to raise the debt ceiling if it makes it to his desk, saying it would cost Americans 780,000 jobs while stripping them of food assistance and student-debt relief

Tech Insider : Economy, Politics
Biden
President Biden.

AP Photo/Jacquelyn Martin, Pool

Stocks will have to plummet like in 2008 for the GOP to raise the debt ceiling, House Democrat says

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Rep. Jim Himes (D-CT).
Rep. Jim Himes.

Joshua Roberts-Pool/Getty Images

Even Republican senators aren't sold on the GOP plan to fight over the debt ceiling again in a year

Tech Insider : Economy, Politics
House Minority Leader Kevin McCarthy has expressed support for a stock trade ban.
Speaker of the House Kevin McCarthy.

Demetrius Freeman/The Washington Post via Getty Images

There's a real risk of a debt ceiling crisis - and a market tantrum may be needed to break the political deadlock, Evercore strategist warns

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debt ceiling
Investors need to start worrying more about a potential debt-ceiling crisis, according to Evercore ISI's Krishna Guha.

Getty Images/Spencer Platt

Debt ceiling fears push the cost of insuring against a US government default to highest level since 2008 crash

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Biden and Kevin McCarthy
US president Joe Biden and speaker of the house Kevin McCarthy.

Drew Angerer/Getty Images

Kevin McCarthy is fighting to 'deny critical student debt relief' to 83,000 of his own constituents in his new debt ceiling bill, Biden's Education Secretary says

Tech Insider : Economy, Politics
Education Sec. Miguel Cardona
Education Sec. Miguel Cardona.

GREG NASH/POOL/AFP via Getty Images

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