Stocks are set for more volatility as the 'unlucky 13' months of strong job growth complicates the Fed's mission to cool the economy

Tech Insider : Economy
now hiring sign with person in front of it

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The US is heading toward a catastrophic — and avoidable — default. Here's what the debt ceiling is, and why it's so dangerous.

Tech Insider : Economy, Politics
Kevin McCarthy
House Speaker Kevin McCarthy speaks to reporters outside of his office in the US Capitol Building on March 7, 2023 in Washington, DC.

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The cost of insuring against a US default hits an all-time high as debt ceiling deadline looms

Tech Insider : Economy
joe biden
US President Joe Biden.

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The White House warned that a debt ceiling crisis could be just as bad as the Great Recession — and there'd be no way for the government to help anyone out

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

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Here's why bonds may actually rally if the US runs out of cash to pay its debts, according to UBS

Tech Insider
pelosi, schumer, mcconnell, mccarthy
House Representative Nancy Pelosi, Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell, and House Majority Leader Kevin McCarthy in February 2021.

AP Photo/Susan Walsh

Billionaire investor Stanley Druckenmiller says the debt-ceiling crisis pales in comparison to the 'horror movie' of reckless spending

Tech Insider : Economy
Stanley Druckenmiller
Stanley Druckenmiller.

CNBC

A $1 trillion platinum coin could save the US from economic catastrophe in less than a month. It would be fast, legal, and no bigger than a regular coin.

Tech Insider : Economy, Politics
U.S. Secretary of the Treasury Janet Yellen (L) and Second Gentleman Douglas Emhoff inspect a series of dies used in the production of the new American Women Quarters Program which includes the Maya Angelou quarter dollar coin, during a tour of the Denver Mint on March 11, 2022 in Denver, Colorado.
U.S.

Democrats have been plotting since January to deploy an obscure legal strategy that could bypass Kevin McCarthy and force a debt ceiling vote if Republicans send the country to the edge of default

Tech Insider : Politics
WASHINGTON, DC- APRIL 26: Speaker of the House Kevin McCarthy (R-CA) speaks to the media in National Statuary Hall following the House passing a bill focusing on the debt ceiling at the United States Capitol on Wednesday April 26, 2023 in Washington, DC.

Stocks and bonds would crash 'violently' in a debt crisis - even if the US avoids immediate default, former NY Fed president says

Tech Insider
Bill Dudley
Then-New York Fed President Bill Dudley in 2018.

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Americans could be on track for a stream of job losses, big cuts to retirement savings, and a surge in student-loan payments in less than a month. It's completely preventable.

Tech Insider : Economy, Politics
Kevin McCarthy
House Minority Leader Kevin McCarthy (R-CA).

Kent Nishimura/Los Angeles Times via Getty Images

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