House Republicans unveil their plan to raise the debt ceiling for just one year — and it already faces hurdles from its own party

Tech Insider : Economy, Politics
Speaker of the House Kevin McCarthy
Speaker of the House Kevin McCarthy.

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Banking turmoil will help the Fed fight inflation but won't trigger a recession, Janet Yellen says

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Janet Yellen
Federal Reserve Chairman Janet Yellen waits for a hearing of the Joint Economic Committee on Capitol Hill, November 29, 2017.

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Elon Musk says Warren Buffett should run the US Treasury - and the investor could do the job in under 1 hour per week

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buffett
Warren Buffett.

AP

Steve Forbes says the Fed's stubborn rate hikes are trashing the US economy

Tech Insider : Economy
Steve Forbes
Chairman and Editor-in-Chief of Forbes Media Steve Forbes speaks during the Forbes' 2015 Philanthropy Summit Awards Dinner on June 3, 2015 in New York City.

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The Fed is done raising rates because policymakers can't measure how much the bank crisis is tightening conditions, investment manager says

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Federal Reserve Board Chairman Jerome Powell
Federal Reserve Chairman Jerome Powell

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The US banking system may not be as strong as Powell and Yellen are saying, market veteran Ed Yardeni says

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Ed Yardeni
Ed Yardeni on CNBC.

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Treasury Secretary Janet Yellen says the US banking crisis is 'stabilizing' and the government could provide more backing for deposits

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Treasury Sec. Janet Yellen
U.S. Treasury Secretary Janet Yellen at IMF headquarters in October 2022 in Washington, DC.

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Mid-size banks want all deposits insured for 2 years to avoid 'panic' and restore confidence, report says

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Inserting card into ATM
The Mid-Size Bank Coalition of America represents more than 100 lenders.

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More banks could soon fail - but that could end up being good news for stocks

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Good morning. I'm senior reporter Phil Rosen. 

As regional bank stocks tanked yesterday, contagion remains top of mind, and commentators are warning of more risks to the financial sector. 

Republicans are preparing to let some bills go unpaid as the debt ceiling crisis looms. Janet Yellen says their plan is just 'default by another name.'

Tech Insider : Economy, Politics
Janet Yellen
Treasury Secretary Janet Yellen.

AP Photo/Patrick Semansky, File

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