How to Enforce a Debt Deal: Through ‘Meat-Ax’ Cuts Nobody Wants
Posted inBiden, Joseph R Jr Democratic Party Federal Budget (US) House of Representatives Law and Legislation McCarthy, Kevin (1965- ) National Debt (US) Republican Party Senate United States Politics and Government

How to Enforce a Debt Deal: Through ‘Meat-Ax’ Cuts Nobody Wants

The debt-limit legislation includes a provision meant to force both sides to pass additional bills following through on their deal: the threat of automatic cuts if they fail to do so.
Markets Rise as Debt Ceiling Deal Moves to the Senate
Posted inBlackRock Inc Chevron Corporation Corporate Social Responsibility Democratic Party Dimon, James Engine No 1 GP LLC Epstein, Jeffrey E (1953- ) Exxon Mobil Corp Federal Reserve System Google Inc House of Representatives internal-storyline-no JPMorgan Chase & Company Legal & General Group Plc McCarthy, Kevin (1965- ) NVIDIA Corporation Oil (Petroleum) and Gasoline Pitt, Harvey L Securities and Exchange Commission Senate Shareholder Rights and Activism United States Politics and Government Vanguard Group Inc

Markets Rise as Debt Ceiling Deal Moves to the Senate

Global markets edged higher as the prospect of the United States defaulting on its debt grows more remote.
Investors See Hope for a Debt Limit Deal
Posted inBiden, Joseph R Jr Brin, Sergey Chevron Corporation Commerce Department Congressional Progressive Caucus Democratic Party Exxon Mobil Corp Farley, James D Jr (1962- ) Ford Motor Co House of Representatives Illumina Inc Internal Revenue Service internal-storyline-no Jayapal, Pramila Lazard LLC McCarthy, Kevin (1965- ) Microsoft Corp OpenAI Labs Orszag, Peter R Pichai, Sundar Republican Party Smith, Bradford L Treasury Department

Investors See Hope for a Debt Limit Deal

Stock and bond trading suggest that investors see an imminent deal to raise the debt limit and prevent the federal government from defaulting.