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US national debt

The US bond market is on the verge of a major breakdown - and that will send mortgage rates to levels unseen since 2000 and fuel more banking trouble, economist says

Fri, 07/28/2023 - 09:39

US economy dollars — Many analysts think the US is heading for a recession in 2023.
Juanmonino/Getty Images

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Fears of a US debt default are mounting as the deadline to lift the borrowing limit looms. Here's what Elon Musk, Paul Krugman and Jamie Dimon have warned.

Sun, 05/14/2023 - 06:45

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.

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The debt ceiling crisis is 'pathetic' as government revenue is near a record high, top economist David Rosenberg says

Fri, 05/12/2023 - 09:51

david rosenberg — David Rosenberg.
Screenshot via Bloomberg TV

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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

worried trader — AP Photo

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