Category: National Debt (US)

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.
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.
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.
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.
What Would Happen if the U.S. Defaulted on Its Debt

Investors, executives and economists are preparing contingency plans as they consider the turmoil that would result from a default in the $24 trillion U.S. Treasury market.
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.
The Debt Ceiling Impasse Raises the Risks for ‘Risk-Free’ U.S. Bonds

Short-term costs for insuring U.S. bonds are skyrocketing, and the long-term effects of repeated flirtations with debt default are already a burden, our columnist says.
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.