If the government misses an interest payment, even by a few hours, its creditworthiness will suffer, possibly for a long time.
Category: National Debt (US)
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U.S. Faces ‘Elevated Risk’ of Default in Early June, a New Report Warns
The Bipartisan Policy Center said the government will be operating on “dangerously low” cash reserves after Memorial Day in its estimate of the so-called X-date.
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U.S. Faces ‘Elevated Risk’ of Default in Early June, a New Report Warns
The Bipartisan Policy Center said the government will be operating on “dangerously low” cash reserves after Memorial Day in its estimate of the so-called X-date.
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Biden and McCarthy Describe ‘Productive’ Debt Limit Talks, but No Deal Is Reached
With the United States at risk of defaulting for the first time, Speaker Kevin McCarthy and President Biden met again but remained far apart on a deal.
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Yellen Warns the U.S. Could Default as Soon as June 1
The so-called X-date could still come as early as next week.
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Debt Limit Negotiators Debate Spending Caps to Break Standoff
The strategy, which was used in 2011, could allow both sides to save face but would most likely do little to chip away at the national debt.
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Biden and McCarthy to Meet in Hopes of Reviving Debt Talks
With the United States at risk of defaulting for the first time, hopes for a breakthrough have dimmed in recent days.
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U.S. Debt-Limit Talks Are Stalling on These Issues
Discussions meant to avoid a default have bogged down amid disagreements over spending caps, work requirements and new Republican proposals.
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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.
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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.
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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.