Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble
Posted inBanking and Financial Institutions Biden, Joseph R Jr Federal Budget (US) Federal Reserve System Government Bonds National Debt (US) Politics and Government Republican Party Senate Stocks and Bonds Treasury Department United States United States Economy United States Politics and Government

Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble

If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.
How the U.S. Government Amassed $31 Trillion in Debt
Posted inBiden, Joseph R Jr Bush, George W Federal Budget (US) Medicare National Debt (US) Obama, Barack Recession and Depression Stimulus (Economic) Taxation Trump, Donald J United States Economy United States Politics and Government

How the U.S. Government Amassed $31 Trillion in Debt

Two decades of tax cuts, recession responses and bipartisan spending fueled more borrowing — contributing $25 trillion to the total and setting the stage for another federal showdown.