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Debt Ceiling

Treasury Secretary Janet Yellen is warning CEOs about the potentially "catastrophic" fallout from a US debt default

Tue, 05/09/2023 - 10:08

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

Markets, MI Exclusive, Janet Yellen, Treasury Secretary Janet Yellen, Debt Ceiling, US Debt, us debt default

US stocks slip ahead of debt-ceiling talks as default fears creep into markets

Tue, 05/09/2023 - 09:37

Joe Biden — Joe Biden speaking at an event on September 16, 2014.
AP

Markets, MI Exclusive, Debt Ceiling, Default, Stock market news today, Stocks, bank crisis

This debt-ceiling fight is different — and it means we could actually default this time

Tue, 05/09/2023 - 06:00

Tech Insider : Economy, Politics

Biden McCarthy — President Joe Biden walking past House Speaker Kevin McCarthy at a luncheon in March.
AP Photo/Alex Brandon

economy, politics, Policy, Debt Ceiling, US debt ceiling, US debt limit, House Speaker Kevin McCarthy

Load up on Treasury bills for their juicy yields because the debt-limit standoff will likely be resolved, billionaire bond king Bill Gross says

Tue, 05/09/2023 - 05:47

Bill Gross — Pimco co-founder Bill Gross.
Jim Young/Reuters

Markets, MI Exclusive, Bonds, Debt Ceiling, Bill Gross, Bond King, PIMCO

The US once had a 'mini-default' on some of its debts because of a technical glitch. The minor mistake cost billions.

Mon, 05/08/2023 - 15:57

Tech Insider : Economy

The United States Department of the Treasury building is seen in Washington D.C., United States on April 12, 2023. — The United States Department of the Treasury building is seen in Washington D.C., United States on April 12, 2023.
Celal Gunes / Anadolu Agency

economy, Speed desk, Debt Ceiling, Treasury, Debt, Default

The debt-ceiling crisis is coming at the 'worst possible time,' says Chicago Fed president

Mon, 05/08/2023 - 15:44

Tech Insider : Economy

Kevin McCarthy — House Speaker Kevin McCarthy.
Kent Nishimura /Los Angeles Times via Getty Image

Markets, MI Exclusive, Debt Ceiling, Federal Reserve, Austan Goolsbee, Banking Crisis, economy

Warren Buffett and Charlie Munger warned a banking crisis is possible, AI may be dangerous, and government overspending will end badly. Here are their 18 best quotes from Berkshire Hathaway's annual meeting.

Sun, 05/07/2023 - 18:36

GettyImages 1140985597 — Warren Buffett (left) and Charlie Munger.
JOHANNES EISELE/AFP via Getty Images

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, Berkshire Hathaway Annual Meeting 2023, Charlie Munger

Republicans dismiss fears that their debt ceiling bill would make the housing crisis worse for 1 million families as 'scaremongering'

Sun, 05/07/2023 - 07:15

Tech Insider : Economy, Politics

Tents housing the homeless line a street in downtown Los Angeles, California on April 22, 2020, amid the novel coronavirus pandemic. — Tents housing the homeless line a street in downtown Los Angeles, California on April 22, 2020, amid the novel coronavirus pandemic.
Frederic J. Brown/Getty Images

economy, politics, Housing, Homelessness, HUD, Republicans, Debt Ceiling

Biden calls House Speaker Kevin McCarthy an 'honest man,' but says he 'just about sold away everything' to appease far-right Republican lawmakers

Sat, 05/06/2023 - 14:37

Tech Insider : Politics, Economy

Biden McCarthy — President Joe Biden walks past House Speaker Kevin McCarthy of California after the GOP leader introduced him to speak at a Friends of Ireland Caucus St. Patrick's Day luncheon in Washington, DC, on March 17, 2023.
AP Photo/Alex Brandon

politics, economy, Joe Biden, Kevin McCarthy, US debt limit, Debt Ceiling, Spending Cuts

Warren Buffett says fears of bank runs and a US debt default are dangerous - and people need to be told their deposits are safe

Sat, 05/06/2023 - 14:23

warren buffett — Warren Buffett.
REUTERS/Rick Wilking

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, Berkshire Hathaway Annual Meeting 2023, US Markets and Economy

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