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.

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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.

US stocks fall to end the week with a loss as traders assess debt ceiling outlook

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NYSE Trader worried red

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The government's main budget experts confirmed that the US could risk economic catastrophe as soon as early June

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President Joe Biden.
President Joe Biden.

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

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david rosenberg
David Rosenberg.

Screenshot via Bloomberg TV

A US debt default will have 'unquantifiable' adverse consequences and unthinkable long-term implications, Wall Street experts warn

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US stocks edged lower on Tuesday as more Wall Street banks reported mixed earnings
Wall Street

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Elon Musk warns there's a growing risk of a US default as the deadline to raise the debt ceiling looms

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Elon Musk has brought Twitter to break even through an aggressive approach to management.
Elon Musk.

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Biden finally met with top lawmakers to discuss a debt ceiling solution — but McCarthy says there wasn't 'any new movement' as a catastrophic default inches closer

Tech Insider : Economy, Politics
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.

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

Tech Insider : Economy, Politics
Biden McCarthy
President Joe Biden walking past House Speaker Kevin McCarthy at a luncheon in March.

AP Photo/Alex Brandon

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.

Kevin Dietsch/Getty Images

Nobel economist Paul Krugman says minting a $1 trillion coin to prevent a debt ceiling crisis wouldn't be inflationary

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paul krugman

Franck Robichon/Reuters

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