Looming behind market fears over the prospect of a historic US default is the less-discussed risk of what would follow a deal to resolve the debt-ceiling impasse.
— Read on www.bloomberg.com/news/articles/2023-05-18/a-1-trillion-t-bill-deluge-is-painful-risk-of-a-debt-limit-deal
Tag: Debt Ceiling
US Debt Ceiling Talks Spurs Wall Street Fear of Aftershock Over Funding – Bloomberg
Looming behind market fears over the prospect of a historic US default is the less-discussed risk of what would follow a deal to resolve the debt-ceiling impasse.
— Read on www.bloomberg.com/news/articles/2023-05-18/a-1-trillion-t-bill-deluge-is-painful-risk-of-a-debt-limit-deal
Yellen Tells Bank CEOs Debt-Limit Failure Would Be Catastrophic
(Bloomberg) — US Treasury Secretary Janet Yellen told top bank executives Thursday that a failure to raise the debt ceiling would be “catastrophic” for the financial system, reiterating that the matter should be addressed without delay.Most Read from BloombergSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsWall Street Fears $1 Trillion Aftershock From Debt DealHere’s How Much Wealth You Need to Join the Richest 1% GloballySam Zell, Billionaire Real Estate Investor, Dies
— Read on ca.finance.yahoo.com/news/yellen-tells-bank-ceos-debt-200734004.html
Charting the Rise of America’s Debt Ceiling
By June 1, a debt ceiling agreement must be finalized. The U.S. could default if politicians fail to act—causing many stark consequences.
— Read on www.visualcapitalist.com/rise-of-americas-debt-ceiling/
When is the debt ceiling X-date? Between June and August, new reports suggest
The so-called X-date, when the government will be unable to pay all its bills, looms as a large uncertainty.
— Read on ca.finance.yahoo.com/news/when-is-the-debt-ceiling-x-date-between-june-and-august-new-reports-suggest-140451125.html
White House weighing the possibility of a short-term debt ceiling extension
The June 1 deadline looms and there are no signs that the White House and Congress are near a deal.
— Read on www.cnbc.com/2023/05/05/white-house-weighing-the-possibility-of-a-short-term-debt-ceiling-extension.html
Congress raises debt ceiling to avoid default
Congressional Democrats voted to raise the debt ceiling, avoiding the risk of default with only hours to spare.
— Read on www.cnbc.com/2021/12/14/debt-ceiling-democrats-to-vote-to-avoid-default-on-us-debt.html
Debt ceiling: Senate passes bill to allow increase before Dec. 15 deadline
Congress can now vote to raise the debt ceiling with a simple majority before a Dec. 15 deadline.
— Read on www.cnbc.com/2021/12/09/debt-ceiling-senate-passes-bill-to-allow-increase-before-dec-15-deadline.html
Debt ceiling: U.S. could hit borrowing limit on Dec. 15, Yellen says
Treasury Secretary Janet Yellen told lawmakers that she now estimates that the U.S. will reach its debt limit on Dec. 15.
— Read on www.cnbc.com/2021/11/16/yellen-says-us-could-hit-debt-limit-on-dec-15-giving-congress-more-time-to-strike-deal.html
Bipartisan deal reached on budget and debt ceiling, ensuring no federal shutdown or default – MarketWatch
President Donald Trump says a deal has been struck with congressional leaders on the budget and debt ceiling, mostly eliminating the threat of a repeat…
— Read on www.marketwatch.com/story/trump-says-compromise-deal-on-budget-debt-ceiling-reached-2019-07-22