If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.
Category: United States
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Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble
The New York Times – Business: -
Fireball Maker Sued Over Bottles That Don’t Contain Whisky
The New York Times – Business:An Illinois woman who wanted whisky, but got a cinnamon-and-whisky-flavored malt beverage instead, has sued the maker of Fireball for fraud.
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Southwest Lost $220 Million Because of Holiday Meltdown
The New York Times – Travel:The airline canceled 16,700 flights before and after Christmas as it struggled to recover from bad weather.
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The Newest Contraband at the Mexican Border: Eggs
The New York Times – Business:There has been an increase in the number of people trying to bring eggs into the United States, where the price has surged, driven in part by a bird flu outbreak.
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Climate Change May Bring New Era of Trade Wars, as E.U. and U.S. Spar
The New York Times – Business:Countries are pursuing new solutions to try to mitigate climate change. More trade fights are likely to come hand in hand.
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F.D.A. Outlines a Plan for Annual Covid Boosters
The New York Times – Business:In advance of a scientific meeting on Thursday, officials proposed offering new shots to Americans each fall, a strategy long employed against the flu.
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How the Corporate Cafeteria Is Changing
The New York Times – Business:Even as the sprawling dining halls of old struggle with emptier workplaces, food is still important to employees, particularly the young. Many companies are reinventing the company meal.
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At the Australian Open, American Men Advance en Masse
The New York Times – Sports:Sebastian Korda, Ben Shelton, J.J. Wolf and Tommy Paul all made the fourth round in singles. Not since 2004 have four men from the United States gone this far in Melbourne.
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How Asian Americans Are Redefining the Lunar New Year
The New York Times – Fashion & Style:Some younger Asian Americans are creating their own holiday traditions, putting their own spin on lessons they’ve learned.
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The Father of the Abortion Pill
The New York Times – Business:The 96-year-old scientist who came up with an idea for an “unpregnancy pill” decades ago has led an eventful life, from his teenage days in the French Resistance to his friendships with famous artists.
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At the Australian Open, Ben Shelton Is Ready to Go Global
The New York Times – Sports:Shelton, 20, is already ranked in the top 100 after a late-season surge last year. Now, he’s embarking on his first full season on tour and his first trip outside the United States.