Discussions meant to avoid a default have bogged down amid disagreements over spending caps, work requirements and new Republican proposals.
Category: National Debt (US)
-
U.S. Default Prospect Hurts Economy in the Meantime
Financial markets are still betting that Congress and the White House will strike a deal. But the uncertainty alone is having consequences.
-
What the Markets Are Telling Us About the Debt Ceiling
The odds of a U.S. default are low, but the consequences could be dire. Our columnist explains how financial markets are assessing the risks.
-
When Will the U.S. Run Out of Cash? The Answer Is Complicated.
The federal government is essentially living paycheck to paycheck, making the X-date hard to pin down.
-
For Biden, Debt Limit Crisis Complicates Trip to Asia
Volatility has become the new norm in Washington as the president heads to Japan, where he will reassure world leaders that the debt ceiling showdown will not upend the global economy.
-
Debt Ceiling: Yellen Reiterates That U.S. Could Run Out of Cash by June 1
The latest warning to Congress came before another meeting on Tuesday between President Biden and Speaker Kevin McCarthy to resolve the debt ceiling crisis.
-
U.S. Faces ‘Significant Risk’ of Running Out of Cash in June, C.B.O. Warns
A default would cause financial distress, economic disruptions and rapid increases in borrowing rates, the nonpartisan Congressional Budget Office said.
-
Debt Limit Meeting Between Biden and Republicans Delayed as Both Sides Seek Deal
The decision to delay Friday’s expected meeting to next week was cast as a positive development, one that could allow officials to find agreement before the United States defaults on its debt.
-
Yellen Calls Invoking 14th Amendment to Raise Debt Limit ‘Legally Questionable’
The Treasury secretary warned that a default would lead to a “very substantial downturn.”