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Fed Officials Were Split Over June Rate Pause, Minutes Show
Posted inBanking and Financial Institutions Federal Reserve System Inflation (Economics) Interest Rates Kashkari, Neel T Labor and Jobs National Debt (US) Prices (Fares, Fees and Rates) Signature Bank Silicon Valley Bank United States Economy

Fed Officials Were Split Over June Rate Pause, Minutes Show

In the Federal Reserve’s last meeting, “several” participants thought rates may have moved high enough to get inflation under control.
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Posted by By Madeleine Ngo
McCarthy Renews Call for Spending Cuts as Debt Talks Resume at White House
Posted inBiden, Joseph R Jr Federal Budget (US) House of Representatives McCarthy, Kevin (1965- ) National Debt (US) Republican Party United States Politics and Government

McCarthy Renews Call for Spending Cuts as Debt Talks Resume at White House

With a potential default just over a week away, the House speaker is maintaining pressure for a rollback in spending in exchange for raising the borrowing limit.
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Posted by By Carl Hulse and Catie Edmondson
Potential Debt Ceiling Deal Would Barely Change Federal Spending Path
Posted inBiden, Joseph R Jr Congressional Budget Office Federal Budget (US) McCarthy, Kevin (1965- ) Medicare National Debt (US) Social Security (US) United States Economy United States Politics and Government

Potential Debt Ceiling Deal Would Barely Change Federal Spending Path

Negotiators have focused on a relatively small corner of the budget, shunning new revenues or cuts to the fastest-growing programs
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Posted by By Jim Tankersley
Yellen Warns of Missed Payments if Debt Limit Is Not Lifted
Posted inFederal Budget (US) National Debt (US) Treasury Department United States Economy United States Politics and Government

Yellen Warns of Missed Payments if Debt Limit Is Not Lifted

The Treasury secretary said the Biden administration would face “very tough choices” if Congress did not act.
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Posted by By Alan Rappeport

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