The US could run out of money to pay its bills as soon as July if the debt ceiling isn't raised by then, the CBO projects

Tech Insider : Economy, Politics
Biden
President Biden.

AP Photo/Jacquelyn Martin, Pool

Millions of seniors on Social Security are at risk of losing benefits this summer if the GOP doesn't raise the debt ceiling, Janet Yellen says

Tech Insider : Economy, Politics
Treasury Secretary Janet Yellen speaks during an event at the US Department of the Treasury on September 15, 2021 in Washington, DC.
Treasury Secretary Janet Yellen.

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Mitch McConnell slams Rick Scott's plan to sunset Social Security and Medicare, calling it 'a bad idea'

Tech Insider : Economy, Politics
Sen. Mitch McConnell and Sen. Rick Scott
Sen. Mitch McConnell (left) and Sen. Rick Scott.

Paul Morigi/Getty Images, Anna Moneymaker/Getty Images

AOC says she's not convinced Kevin McCarthy will actually keeps his hands off cuts to Medicare and Social Security: 'The math does not add up'

Tech Insider : Economy, Politics
Alexandria Ocasio-Cortez
Rep. Alexandria Ocasio-Cortez of New York.

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Some GOP lawmakers aren't quite ready to take Medicare and Social Security out of the debt limit battle — even after Kevin McCarthy said the matter is 'off the table'

Tech Insider : Economy, Politics
Kevin McCarthy
House Speaker Kevin McCarthy of California.

AP Photo/Alex Brandon, File

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

Tech Insider : Politics, Economy
Kevin McCarthy
House Speaker Kevin McCarthy of California.

AP Photo/Alex Brandon, File

Vanguard's global investment expert explains what traders are doing to kick off 2023 and how markets are reacting to the Federal Reserve's policy tightening.

Tech Insider

Happy weekend, team. I'm Phil Rosen. As you could guess from this newsletter, a big part of my job involves speaking to top experts in markets and economics. 

I'm always looking to speak with Wall Street strategists, energy analysts, investment bankers, and everyone in between. 

Billionaire investor Ray Dalio slams the US debt ceiling – and compares politicians who support raising it to binge-drinking alcoholics

Tech Insider
Ray Dalio on the Forum stage during day two of Web Summit 2018.
Ray Dalio.

Eoin Noonan/Web Summit via Getty Images

Kevin McCarthy reportedly agrees to leave cuts to Social Security and Medicare off the table in debt ceiling negotiations

Tech Insider : Economy, Politics
Kevin McCarthy
Speaker of the House Kevin McCarthy (R-CA).

Chip Somodevilla/Getty Images

Republicans' plans to slash Social Security and Medicare are becoming clearer: 'We have no choice but to make hard decisions'

Tech Insider : Economy, Politics
Kevin McCarthy
Reports suggest that concessions Rep. Kevin McCarthy made to secure his Speaker seat involved promoting cuts to entitlement programs.

Kent Nishimura /Los Angeles Times via Getty Image

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