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US debt limit

US debt limit has seen 78 changes since 1960. This time is likely no different, says Bank of America's wealth management team

Thu, 04/27/2023 - 06:46

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congress — A view of the House chamber as the House meets for the third day to elect a speaker and convene the 118th Congress in Washington, Thursday, Jan. 5, 2023.
AP Images

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A US debt default could spark mass unemployment, payment failures, and catastrophe that would raise interest rates 'into perpetuity,' Treasury Secretary Janet Yellen warns

Tue, 04/25/2023 - 13:41

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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.
Drew Angerer/Getty Images

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Republicans want to ban banning gas ovens as part of their legislation to raise the debt ceiling

Wed, 04/19/2023 - 16:41

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Kevin McCarthy and a gas stove — Kevin McCarthy wants to save the gas stoves.
Mark Wilson/Getty Images/Photo by Frank Rumpenhorst/picture alliance via Getty Images

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The Treasury market is starting to price in the possibility of a US debt default in July

Wed, 04/19/2023 - 16:03

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US Treasury Building — Chip Somodevilla/ Getty Images

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Biden will threaten Social Security and Medicare and 'bumble into the first default in our nation's history' if he doesn't negotiate raising the debt ceiling with Republicans, Kevin McCarthy says

Mon, 04/17/2023 - 11:25

Tech Insider : Economy, Politics

Kevin McCarthy — House Speaker Kevin McCarthy holds the speaker's gavel high after winning election as speaker of the House early Saturday morning.
Win McNamee/Getty Images

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Markets are growing nervous over the prospect of a US default as debt ceiling deadline looms

Fri, 04/14/2023 - 14:56

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worried trader — AP Photo

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House Republicans are reportedly getting ready for the US to default as the debt ceiling draws closer

Wed, 03/08/2023 - 11:33

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Kevin McCarthy — Rep. Kevin McCarthy of California wades through reporters on the way to the House floor.
Kent Nishimura /Los Angeles Times via Getty Image

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Minting a $1 trillion coin may be legal but is an 'unworkable' option to avoid a catastrophic US debt default, Moody's Analytics chief economist says

Tue, 03/07/2023 - 12:29

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A person putting a coin in a piggybank — Guido Mieth / Getty Images

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The probability of a catastrophic US debt default has more than tripled since the start of the year, MSCI says

Thu, 03/02/2023 - 19:17

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us capitol building — Tom Brenner/Reuters

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House Speaker Kevin McCarthy says cuts to Medicare and Social Security will be 'off the table' in the upcoming debt limit talks

Sun, 01/29/2023 - 15:32

Tech Insider : Politics, Economy

Kevin McCarthy — House Speaker Kevin McCarthy of California.
AP Photo/Alex Brandon, File

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