Jamie Dimon warns a US default would be 'potentially catastrophic' as lawmakers remain deadlocked over raising the debt ceiling

Tech Insider : Economy
Jamie Dimon
JPMorgan Chase CEO Jamie Dimon.

REUTERS/Brian Snyder

US inflation just hit the lowest in almost 2 years, throwing further Fed rate hikes into question. Here's how President Joe Biden, Paul Krugman, David Rosenberg, and 4 others reacted.

Tech Insider
Traders work on the floor of the New York Stock Exchange.
Traders work on the floor of the New York Stock Exchange.

Michael M. Santiago/Getty Images

Biden finally met with top lawmakers to discuss a debt ceiling solution — but McCarthy says there wasn't 'any new movement' as a catastrophic default inches closer

Tech Insider : Economy, Politics
Congressional leaders meet on debt ceiling
US President Joe Biden meets with US Speaker of the House Kevin McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell in the Oval Office of the White House in Washington, DC, on May 9, 2023. Biden and Republican leaders met in hopes of breaking an impasse over the US debt limit.

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

Biden might have already lost the Iowa and New Hampshire primaries. Here's why.

Tech Insider : Politics
President Joe Biden.
President Joe Biden.

Kevin Dietsch/Getty Images

Youth climate activists plan to protest the biggest social event for Washington's political-media class

Tech Insider : Politics, Climate Crisis
Climate activists protest outside the Interior Department.

Jemal Countess/Getty Images for Sunrise AU

Biden's campaign is selling 'Dark Brandon' T-shirts to mark 2024 reelection announcement

Tech Insider : Politics
President Joe Biden smiles in the dark on a balcony of the White House.
President Joe Biden smiles in the dark on a balcony of the White House during Independence Day fireworks in Washington, DC, July 4, 2022.

Nicholas Kamm/AFP

Bank stocks are continuing to plunge amid SVB fallout and Biden declaring investors won't be protected

Tech Insider
Biden
President Joe Biden.

AP Photo/Andrew Harnik

American Airlines is the first US carrier to guarantee families sit together — or be punished by law

Tech Insider : Travel
American Airlines has added guaranteed free family seating into its customer service plan, meaning the DoT can take enforcement action if it does not upholds its commitment.
American Airlines has added guaranteed free family seating into its customer service plan, meaning the Department of Transportation can take enforcement action if the airline doesn't follow through.

Paul Bersebach/MediaNews Group/Orange County Register via Getty

Government employees have received gifts worth thousands, but the CIA destroys many of the items it receives

Tech Insider : Politics
A man crosses the Central Intelligence Agency (CIA) seal in the lobby of CIA Headquarters

SAUL LOEB/AFP via Getty Images

Subscribe to President Joe Biden