overhead interior surface that covers the upper limit of a room
Freeze or Cut? Spending Fight Is Main Event in Debt-Ceiling Talks: Conservatives are pushing the House Speaker Kevin McCarthy for deep reductions ...
wsj.com/articles/freeze-or-cut-spending-fight-is-main-event-in-debt-ceiling-talks-3ffccb
Quick Glance: McCarthy and Biden Have 'Productive' Debt Ceiling Talks - But No Agreement Despite Looming Default
- President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) both described their Monday evening meeting to discuss raising the debt ceiling as 'productive' - but differences between the two leaders still exist as a June 1 deadline to avert a federal default gets closer.
- McCarthy said the tone of the meeting was better than any previous negotiation, but he did not hear anything from the president indicating that the two had reached common ground beyond their shared desire to strike a deal.
- According to McCarthy, there are no Pentagon cuts or tax increases on the table, two areas where potential disagreements with the White House could arise. McCarthy added that he opposes a short-term debt ceiling increase.
- Treasury Secretary Janet Yellen reaffirmed on Sunday that June 1 is a hard deadline for the federal government to raise the debt ceiling before it is no longer able to pay its bills. A default on federal obligations would jeopardize the fulfillment of federal commitments and most experts believe it would be economically disastrous.
Ahead of Debt-Ceiling Deal, Some Democrats Point Finger at Biden: Lawmakers including Rep. Jamaal Bowman of New York are concerned that the president has given ...
wsj.com/articles/ahead-of-debt-ceiling-deal-some-democrats-point-finger-at-biden-3f86be1
Quick Glance: Imminent Risk of Government Cash Shortage
- Treasury Secretary Yellen warns of potential payment default if debt limit is not raised or suspended soon.
- Yellen takes extraordinary measures to ensure sufficient cash on hand for government operations.
- Scheduled payments of over $130 billion, including payments to veterans and Social Security and Medicare recipients, are planned for the first week of June.
- Yellen's multiple letters to Congress emphasize the potential economic consequences of failing to raise the debt limit before the U.S. government runs out of cash to honor its obligations.
Congress must address debt ceiling by June 5, Yellen warns: If Congress does not address the debt ceiling by June 5, the US Treasury Department will not have ...
cnn.com/2023/05/26/politics/janet-yellen-debt-ceiling-default/
Debt ceiling talks to resume at White House as Yellen warns default could trigger recession
abcnews.go.com/Politics/debt-ceiling-talks-resume-white-house-yellen-warns/story
Quick Glance: Biden and House Republicans Gear Up for Crucial US Debt-Ceiling Talks
- Democratic and Republican staff are working to find common ground on spending levels and energy regulations.
- The White House has not ruled out annual spending caps.
- Republicans will only vote to raise the debt ceiling if sharp spending cuts are agreed upon.
- Failure to lift the limit could trigger a sharp economic downturn.
Biden Praises Debt-Ceiling Deal in Address to the Nation: The president addressed the nation from the Oval Office on Friday evening, after congressional passage ...
nytimes.com/2023/06/02/us/politics/biden-debt.html
Quick Glance: Senate Passes Bill to Increase Debt Ceiling and Sends it to Biden's Desk
- On Thursday night, the Senate passed a bill to increase the debt ceiling.
- After passing the House with a wide and bipartisan margin on Wednesday night, the measure was approved with a bipartisan majority of 63-36 votes.
- Treasury Secretary Janet Yellen has warned that the U.S. could run out of money to pay its bills on June 5 if Congress doesn't act, leading the Senate to put a bill on President Biden's desk.
- Follow below to catch up on how the night unfolded.
Debt ceiling tests Speaker McCarthy as he rides breezily through high-wire act of his career
apnews.com/article/debt-limit-speaker-mccarthy-biden-51c358b700d9588ea5122ea402b819dd
Quick Glance: McCarthy and Biden Resolve Final Debt Roadblocks
- McCarthy and Biden hold 6 p.m. call in hopes of reaching a deal on Saturday.
- White House remains in contact with House Republicans.
- Deal could be hours or days away.
- House could vote as soon as Tuesday if text is released on Saturday.
Debt ceiling talks teeter on the brink, as lawmakers leave town for weekend without a deal
apnews.com/article/debt-limit-biden-mccarthy-default-7df95c593c8f4c94662361a93831a42c
Biden cancels visits to Australia and Papua New Guinea as debt ceiling negotiations continue
cnn.com/2023/05/16/politics/biden-cancels-australia-papua-new-guinea-visit/
Using 14th Amendment to solve debt ceiling crisis is not a 'good option,' Yellen says
abcnews.go.com/Politics/14th-amendment-solve-debt-ceiling-crisis-good-option/story
Quick Glance: Janet Yellen - Pioneer of Economics and Advocate of Meticulous Work
- The Treasury Secretary faces the challenge of a looming US government debt crisis.
- Janet Yellen was the first woman to head the White House economic team under Bill Clinton, the first woman nominated by Barack Obama as Chair of the Federal Reserve, and the first woman appointed as Treasury Secretary under Joe Biden.
- Janet Louise Yellen was born on August 13, 1946, in Brooklyn, New York, into a wealthy Jewish family.
- Yellen completed her high school education in just two years, despite it usually taking three years.
Live updates: Debt ceiling negotiations continue as default deadline looms : President Joe Biden and House Speaker Kevin McCarthy are set to meet again Monday to ...
cnn.com/politics/live-news/debt-ceiling-negotiations-05-22-23/
Gov’t to hike domestic debt limit by 100%, external ceiling by 66.7%: Commentator Christopher Ram yesterday pilloried the government’s plans for massive hikes in ...
stabroeknews.com/2024/01/28/news/guyana/govt-to-hike-domestic-debt-limit-by-100-external-ceiling-by-66-7/
Start your week smart: Debt ceiling deal, Texas impeachment, Russian drone attack
cnn.com/2023/05/28/us/five-things-may-28-trnd/
Washington's self-imposed limit on federal debt stands at $31.4 trillion. If the government fails to reach a deal to lift that limit ... Show more reut.rs/3BRani0
Debt ceiling drama: What happens to the economy and your wallet if a deal is struck or not.
usatoday.com/story/money/2023/05/27/debt-ceiling-deal-impact-economy/70259310007/
Biden hits the road to pressure GOP amid imperiled debt ceiling talks: The president aims to argue for a swift increase in the debt ceiling a day after meeting ...
washingtonpost.com/business/2023/05/10/biden-debt-ceiling-speech/
Centre allows additional borrowing of Rs 60,000 crore to 22 states for NPS: The normal net borrowing ceiling for states has been fixed at 3 per cent of their ...
business-standard.com/economy/news/centre-allows-additional-borrowing-of-rs-60-000-crore-to-22-states-for-nps-123121900591_1.html
Amid debt ceiling standoff, why Joe Biden is refusing to negotiate with Republicans
usatoday.com/story/news/politics/2023/01/31/debt-ceiling-talks-biden-reaffirms-he-not-negotiate-gop/11126412002/
Factbox: The U.S. debt ceiling and markets: Gauging the fallout: U.S. President Joe Biden is at odds with Republicans in Congress over raising the $31 ...
reuters.com/markets/us/us-debt-ceiling-markets-gauging-fallout-2023-02-16/
Quick Glance: Factbox: The US Debt Ceiling and Markets: Estimating the Impact
- In the weeks leading up to the four most recent debt limit deadlines, a basket of such stocks trailed the S&P 500 by a median of 5 percentage points, Goldman said in a note late last month.
- However, according to a Deutsche Bank global financial market survey conducted late last month, 90% of respondents said the debt ceiling has no or only limited influence on their 2023 outlook.
- According to Brian Levitt, global market strategist at Invesco, equities fell in the month leading up to the debt ceiling being raised in 2011 and 2013, but then recovered.
What Republican Work Requirements in the Debt Ceiling Bill Would Do: House Republicans say that the work requirements would reduce government spending ...
time.com/6276193/republicans-work-requirements-debt-ceiling/
Quick Glance: Yellen cautions that the United States may reach the debt ceiling considerably sooner than planned on June 1.
- A White House official told NBC that President Joe Biden called the "big four" congressional leaders — Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell, McCarthy, and House Democratic Leader Hakeem Jeffries — on Monday to invite them to a May 9 meeting at the White House to discuss the debt limit.
- According to Goldman Sachs, the increased danger of a debt default has caused few ripples in the markets thus far.
- Analysts speculated that this could alter "once the Treasury announces a specific deadline for Congress to raise the debt limit."
All the debt ceiling options, explained, if Biden and McCarthy don't reach a deal
abcnews.go.com/Politics/debt-ceiling-options-explained-biden-mccarthy-reach-deal/story
'The coming weeks are critical': Bipartisan Policy Center estimates earlier 'X-Date' for US default
usatoday.com/story/news/politics/2023/05/09/debt-limit-default-june-bipartisan-policy-center/70198506007/
CBO: U.S. could face debt ceiling crisis this summer if debt limit is not raised or suspended - UPI.com
upi.com/Top_News/US/2023/02/15/debt-ceiling-Biden-Arrington-Yellen/3321676473058/
Quick Glance: Without a deal, the United States could face a debt-ceiling crisis this summer, according to the CBO.
- Democrats, for their part, argue that the debt ceiling should not be "held hostage" to Republican tactics over federal spending.
- After exceeding the $31.4 trillion borrowing limit on January 19, Treasury Secretary Janet Yellen stated that the Treasury can continue to make debt payments, federal benefits payments, and other outlays at least until June 5 using cash receipts and extraordinary cash management measures.
- So far in 2023, not a single day on Capitol Hill has passed without lawmakers arguing about the debt limit, with Democrats pressing for a quick, clean increase in Treasury borrowing authority and Republicans insisting on first securing significant cuts in future government spending.
🔊 The debt ceiling fight is heading toward a June deadline when @USTreasury says the money could run out.
Listen on the Reuters World News podcast reut.rs/3MNat0k 1/4
U.S. will begin ‘extraordinary measures’ to stay under debt limit: Treasury warns of « irreparable harm » to the global economy as debt limit standoff begins.
washingtonpost.com/us-policy/2023/01/13/debt-limit-extraordinary-measures-treasury/
Quick Glance: If the debt ceiling is not raised, the United States may run out of cash by early June, according to Yellen.
- In a letter to the House on Friday, Yellen stated that the nation's debt is expected to reach its statutory limit of roughly $31.4 trillion on January 19, forcing the Treasury to begin taking "extraordinary measures" to help pay for government operations and prevent the US from defaulting on its debt obligations.
- "Failure to meet the government's obligations would cause irreparable harm to the U.S. economy," she added, urging Congress to raise or suspend the debt ceiling "as soon as possible."
Bond-market crash: 4 charts showing why the US's debt mountain is a factor: Concerns about the deficit have fueled the Treasury-bond market meltdown of the past ...
markets.businessinsider.com/news/bonds/bond-market-crash-government-debt-ceiling-crisis-wall-street-deficit-2023-10
Yellen says ‘every responsible member of Congress’ must agree to raise debt ceiling
thehill.com/policy/finance/3845408-yellen-says-every-responsible-member-of-congress-must-agree-to-raise-debt-ceiling/
Details of €250m commercial rates scheme for small firms to be 'finalised in coming weeks'
irishexaminer.com/business/economy/arid-41251705.html
U.S. begins ‘extraordinary’ steps to avoid debt ceiling: The Treasury Department is poised to take defensive action to prevent a default that could do ...
washingtonpost.com/business/2023/01/19/debt-ceiling-default/
Quick Glance: Yellen says Treasury is taking extraordinary measures to avoid a default as the United States approaches its debt limit
- Treasury Secretary Janet Yellen said Thursday that the Treasury Department began taking so-called extraordinary measures to keep paying the federal government's bills as the United States reached its debt limit.
- , From Thursday until June 5, 2023, the Treasury will suspend new investments in the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund, according to Yellen.
- However, she warned that both moves face "considerable uncertainty" if Congress does not pass legislation to raise the $31.4 trillion debt ceiling.
- Yellen writes to congressional leaders about the debt limit.
- "The debt ceiling is one of those," Roy explained.
What happens if the US hits the debt ceiling? Lawmakers squabble as nation nears limit
usatoday.com/story/news/politics/2023/01/18/debt-ceiling-republicans-congress-default-economic-catastrophe/11066657002/
Yellen: Different system needed to end repeated standoffs over US debt ceiling: Treasury Secretary Janet Yellen says that in her personal opinion ...
abcnews.go.com/Business/wireStory/yellen-system-needed-end-repeated-standoffs-us-debt-99248561
Treasury confirms U.S. default as early as June 1 without debt ceiling hike: The U.S. Treasury Department reiterated Monday it expects to be able to pay the U.S ...
reuters.com/markets/us/treasury-confirms-us-default-early-june-1-without-debt-ceiling-hike-2023-05-22/
U.S. President Joe Biden hit out at what he called 'MAGA Republicans in the House of Representatives' for refusing to lift the country’s debt ceiling
U.S. hits debt ceiling as partisan standoff sparks economic worries: The U.S. government hit its $31.4 trillion borrowing limit on Thursday ...
reuters.com/world/us/us-govt-touches-debt-limit-amid-standoff-between-republicans-democrats-2023-01-19/
Treasury secretary warns US could default on its debt as soon as June: The Treasury Department said Friday the US could default on its debt as soon as June ...
cnn.com/2023/01/13/politics/debt-limit-janet-yellen-letter-to-kevin-mccarthy/
This year’s tax season is critical to the debt ceiling debate. Here’s why.: Just how much longer the federal government can keep paying its bills on time and in ...
cnn.com/2023/04/18/politics/taxes-debt-ceiling-default/
The debt ceiling 'deadline' is June 1—what to know about the standoff and how it could affect your money
cnbc.com/2023/05/18/debt-ceiling-deadline-what-debate-means-for-your-money.html
The fight over the debt ceiling could sink the economy. This is how we got here: Once upon a time, raising the nation's borrowing limit was considered a fairly ...
npr.org/2023/03/23/1163448930/what-is-the-debt-ceiling-explanation
Treasury is starting 'extraordinary measures' to avoid debt default, Yellen tells lawmakers
usatoday.com/story/news/politics/2023/01/19/debt-limit-treasury-extraordinary-measures-janet-yellen/11081201002/
Sidestepping crisis, Biden and McCarthy claim victory in debt deal: President Biden and House Speaker Kevin McCarthy faced enormous peril from the default ...
washingtonpost.com/politics/2023/06/01/biden-mccarthy-winners-debt-deal/
Next battle in debt ceiling saga? Biden and McCarthy race to find votes.: Winning majority votes for the debt ceiling deal will be an intricate dance ...
usatoday.com/story/news/politics/2023/05/29/debt-ceiling-biden-mccarthy-congress-deal/70266479007/
Quick Glance: Biden and McCarthy's Rocky Journey to a Debt Ceiling Agreement
- Throughout months of negotiations over the U.S. debt ceiling, McCarthy has criticized Biden.
- On Sunday, Biden stated that he believes McCarthy negotiated with him in good faith.
- Despite initially calling for an uncompromising increase in the debt ceiling, McCarthy ultimately made concessions.
- Last week, both sides moved towards a deal, and McCarthy's tone changed as he expressed his respect for White House negotiators.
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
apnews.com/article/joe-biden-debt-ceiling-budget-signing-f78a000d83cf85ffbaa2d08637844053
Quick Glance: Biden Announces Debt Ceiling Agreement
- The Senate approved the bipartisan agreement, eliminating the possibility of default.
- In his first Oval Office address, President Joe Biden celebrated a "crisis averted" and the upcoming signing of the budget agreement.
- The agreement was negotiated by Biden and House Speaker Kevin McCarthy.
- While the agreement gives Republicans some of their demanded federal spending cuts, important Democratic priorities remain intact.
Petrol, diesel prices unchanged till Aug 2: KUALA LUMPUR: The retail prices of RON97 and RON95 petrol as well as diesel will remain unchanged for the July 27 to ...
thestar.com.my/news/nation/2023/07/26/petrol-diesel-prices-unchanged-till-aug-2
House Republicans prepare emergency plan for breaching debt limit: The proposal, still under discussion, would direct the Treasury Department to prioritize ...
washingtonpost.com/us-policy/2023/01/13/debt-ceiling-gop-plan/
Gov’t proposing lifting debt ceiling again: Finance Minister Dr Ashni Singh yesterday tabled two orders in Parliament seeking the lifting of the ceilings for ...
stabroeknews.com/2023/07/21/news/guyana/govt-proposing-lifting-debt-ceiling-again/
HAPPENING NOW: Pres. Joe Biden remarks on debt ceiling impasse in Valhalla, New York. https://abcn.ws/42LLaAU
Quick Glance: Yellen: US default on debt should be 'unthinkable'
- US Treasury Secretary Janet Yellen called the idea of a US default on its debt 'unthinkable'.
- Yellen emphasized that lawmakers must raise the debt ceiling to avoid defaulting on debt.
- The US Congress has raised or suspended the debt limit almost 80 times since 1960.
- Yellen's trip to Japan was cut short to continue addressing the debt ceiling issue.
'It is fire that they're playing with': Americans' fears grow as debt ceiling deadline nears
usatoday.com/story/news/politics/2023/05/20/debt-ceiling-debate-public-opinion/70228901007/
Quick Glance: Investors Must Expect 'Significant Volatility' During Debt Ceiling Standoff
- The maximum amount the U.S. federal government can borrow to meet its financial obligations is known as the debt ceiling or debt limit.
- Lawmakers met with President Joe Biden this week to come to an agreement to increase the debt limit and avoid a default, but have not been successful so far.
- An extended legislative battle over raising the debt ceiling is likely to have major economic repercussions, including a stock market selloff, widening corporate credit spreads (a sign of a weakening economy and higher risk levels for investors), and a weaker U.S. dollar.
- What should investors do in response to the debt ceiling standoff?
A quiet Congress ducks as debt ceiling date looms: With as few as four weeks until the U.S. government could experience an unprecedented default ...
washingtonpost.com/politics/2023/05/03/biden-mccarthy-debt-ceiling/
Quick Glance: House Democrats push for debt-ceiling vote as default looms
- Minority Leader Hakeem Jeffries (D-N.Y.) emphasizes the importance of this option.
- A petition would require 218 votes to start the process for a vote in the full House.
- The petition is not the preferred method of Democrats, but a last resort.
- The petition can be gathered starting May 16.
The Debt Ceiling: What It Is, Why It’s Important and How It Affects You: Here's a closer look at what the debt ceiling is and how it could impact you.
money.usnews.com/money/personal-finance/family-finance/articles/why-the-debt-ceiling-is-important-and-how-it-affects-you
Most GOP presidential hopefuls pan debt ceiling deal, but Trump has been silent: On Wednesday, Sen. Tim Scott (R-S.C.) added to the criticism coming from White ...
washingtonpost.com/politics/2023/05/31/gop-presidential-candidates-debt-deal/
Quick Glance: Debt Ceiling Deal Brings Optimism to Traders as a Market Opportunity
- Speaker McCarthy discusses the latest developments of the debt ceiling negotiations with the White House.
- Analysts are optimistic that the deal to raise the U.S. debt ceiling will pass a divided Congress.
- Negotiating a debt ceiling deal is a win for Republicans, according to research firms.
- Siegel notes that U.S. futures point to slight gains and says that a likely deal 'does clear a little bit of uncertainty.'
Get up to speed on the US debt drama: House Republicans are insisting on spending cuts before they will agree to raise the nation’s debt ceiling past $31 ...
cnn.com/2023/05/22/politics/debt-ceiling-default-what-matters/
Paul Krugman is 'terrified' about potential fallout of a US debt default: "I'm terrified about the possible implications of actual default. But the rating ...
markets.businessinsider.com/news/stocks/paul-krugman-terrified-potential-fallout-us-debt-default-2023-5
Dollar stages surprise comeback even as Fed nears the end of rate hikes: The US dollar has rallied 2% over the past two weeks after opening 2023 on a long losing ...
markets.businessinsider.com/news/currencies/dollar-dedollarization-currencies-investing-analysis-federal-reserve-debt-ceiling-crisis-2023-5
What to know about the debt ceiling deadline: Washington is gearing up for a fight over the fast-approaching debt ceiling limit after Treasury Secretary Janet ...
thehill.com/policy/finance/3816611-what-to-know-about-the-debt-ceiling-deadline/
How a debt default could affect you: Let's walk through what the debt ceiling is, why it was created, and who could be affected first if the U.S ...
pbs.org/newshour/politics/how-a-debt-default-could-affect-you
Quick Glance: Debt-Ceiling Crisis: Impact on Social Security, Medicare, and Stocks
- Failure to raise the debt ceiling could lead to long-lasting economic consequences for Americans.
- The government may not have the money to pay Social Security benefits.
- A debt crisis could lead to higher interest rates and tighter credit conditions.
- A debt crisis could freeze the housing market and lead to higher mortgage rates.
When is the debt limit deadline? Early June, CBO says. Unless it’s not.: The latest projection arrived Friday, as CBO warned there is a “significant” risk the ...
washingtonpost.com/business/2023/05/12/debt-ceiling-deadline/
Quick Glance: Uncertainty Surrounds Debt Limit Deadline Due to Low Tax Collections
- The uncertainty mainly arises from the lower-than-expected federal tax collections, which leave Congress and the White House with less time to reach an agreement.
- The unclear timeline adds an extra political challenge for President Biden and House Speaker Kevin McCarthy (R-Calif.), who met at the White House on Tuesday.
- McCarthy secured the passage of a bill in the House last month that would raise the debt ceiling until next year.
- As the clock ticks and tensions rise, there is a possibility that Congress could adopt a short-term extension of the debt ceiling to create enough time for an agreement - an idea that Biden has not ruled out.
Markets don't believe Yellen's June 1 X-date for US debt: Jim Bianco: Markets don't seem to believe Janet Yellen's warning that the X-date - when the US ...
markets.businessinsider.com/news/stocks/jim-bianco-janet-yellen-june-1-x-date-debt-ceiling-2023-5
What could happen on Main Street if Washington's political showdown over the debt ceiling stopped the government from cutting checks that fund a quarter of the ... Show more
Explainer: How could a US debt ceiling default hit regular Americans?: What could happen on Main Street if Washington's political showdown over the debt ceiling ...
reuters.com/markets/us/how-could-us-debt-ceiling-default-hit-regular-americans-2023-05-23/
Biden warns of job loss, economic disaster if debt ceiling is breached: Pointing to the strong April jobs report, President Biden said “the last thing this ...
washingtonpost.com/politics/2023/05/05/biden-debt-ceiling-jobs/
Treasury will issue $170 billion in T-bills right around the X-date: As of Wednesday, the Treasury's General Account held just $49.5 billion in cash ...
markets.businessinsider.com/news/bonds/treasury-tbills-default-x-date-debt-ceiling-crisis-cash-balance-2023-5
Denmark has a debt ceiling, too. It’s never been a problem: The United States isn't the only country that puts a limit on how much money its government is ...
cnn.com/2023/05/09/business/us-debt-ceiling-denmark-global-comparison/
Quick Glance: Possible scenarios for resolving the US debt limit standoff
- Numerous scenarios are being discussed publicly and privately, but the outcome of the debt limit standoff remains uncertain.
- GOP lawmakers, including McCarthy, are pushing for a deal that guarantees trillions of dollars in spending cuts before agreeing to raise the debt limit.
- McCarthy holds a narrow majority in the House with 222 Republicans compared to 213 Democrats.
- Harvard University Law School emeritus professor Laurence Tribe argued in The New York Times that Biden can use his constitutional duty to avoid default as justification to exceed the debt limit and continue spending previously approved by Congress.
Asian stocks slide to two-month low on debt ceiling jitters: Asian shares stumbled to a two-month low on Thursday, and the US dollar rose as the impasse in ...
thejakartapost.com/business/2023/05/25/asian-stocks-slide-to-two-month-low-on-debt-ceiling-jitters.html
Exclusive: White House says McCarthy debt ceiling plan would kill thousands of green jobs in GOP districts
usatoday.com/story/news/politics/2023/04/20/white-house-mccarthy-plan-green-jobs/11703701002/
Quick Glance: Biden rejects Republican spending cuts and warns of a catastrophic government default
- President Biden rejected a Republican plan to cut government spending and extend the debt ceiling on Wednesday, calling the measures "wacko" and threatening a catastrophic federal default.
- "President Biden, Leader Schumer, and Leader Jeffries agree that we won't negotiate over default and Republicans should pass a clean bill like they did three times in the previous administration," a White House readout of the call said, referring to the three times Congress raised the debt limit without Republicans insisting on conditions during the Trump administration.
Federal government is running out of cash as debt ceiling talks stall: The Treasury General Account fell to $68.3 billion on Wednesday, down from $87 ...
markets.businessinsider.com/news/bonds/federal-government-cash-balance-default-debt-ceiling-treasury-general-account-2023-5
Treasury sells one-day bills for the first time since 2007: The Treasury auctioned $15 billion in one-day bills on Friday, after its cash balance hit $48 ...
markets.businessinsider.com/news/bonds/treasury-tbills-auction-liquidity-debt-ceiling-default-cash-management-bill-2023-6
Anxious federal workers find few answers on debt ceiling: Federal workers have received little guidance about how their lives would be affected if the White ...
washingtonpost.com/politics/2023/05/26/federal-workers-anxiety-debt-ceiling-negotiations/
Morning Bid: Debt deal is near, Fed peak is not: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/global-markets-view-usa-2023-05-26/
Treasury buyers live for the moment, unfortunately: The mood music around American indebtedness is as ominous as ever, but investors in Treasuries have their ...
reuters.com/breakingviews/treasury-buyers-live-moment-unfortunately-2023-06-01/
Treasury to sell $123 billion in T-bills on X-date, but there's a catch: The Treasury Department announced that Monday's T-bill auction is "tentative ...
markets.businessinsider.com/news/bonds/treasury-tbills-auction-x-date-liquidity-debt-ceiling-bill-default-2023-6
Yellen heads to G7 with debt ceiling, bank crisis and tax woes in tow: Treasury Secretary Janet Yellen lands at Japans G7 finance meeting this week ...
thejakartapost.com/business/2023/05/10/yellen-heads-to-g7-with-debt-ceiling-bank-crisis-and-tax-woes-in-tow.html
How Wall Street is preparing for possible US debt default: As talks over raising the U.S. government's $31.4 trillion debt ceiling go down to the wire ...
reuters.com/markets/us/how-wall-street-is-preparing-possible-us-debt-default-2023-05-22/
Biden threatens to veto House GOP bill to raise debt ceiling, slash spending: In a statement opposing the GOP's debt ceiling bill, the White House said House ...
washingtonpost.com/politics/2023/04/25/biden-veto-republican-debt-ceiling-bill/
Quick Glance: Biden vows to veto the Republican debt-ceiling bill
- On Wednesday, Kevin McCarthy will convene a vote on his bill to raise the debt ceiling.
- The White House has announced that Biden will not sign it into law.
- President Joe Biden has formally stated that he will not sign House Speaker Kevin McCarthy's bill to raise the debt ceiling.
- Some Republican senators expressed concern about having to raise the debt ceiling again as soon as next year, while other House Republicans wanted to see other restrictions included in the legislation, such as stricter work requirements for welfare programs.
Dems Unveil Debt Ceiling Reform Act to Prevent Future GOP Hostage-Taking: "After a near-catastrophic default thanks to political games by our Republican ...
commondreams.org/news/debt-ceiling-reform-act-boyle-durbin
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 ...
nytimes.com/2023/05/18/us/politics/debt-ceiling-xdate.html
‘Skating on very thin ice’: New analysis outlines risk level for US debt ceiling X Date
miamiherald.com/news/business/article275722216.html
US Treasury can meet all obligations after debt ceiling suspension: 'Now that Congress has acted to suspend the debt limit, Treasury has the tools needed to ...
rappler.com/business/united-states-treasury-can-meet-all-obligations-after-debt-ceiling-suspension-june-2023/
Treasury could issue $700 billion in T-bills within weeks of a debt deal: On Friday, the Treasury General Account was $60.7 billion, down from $140 billion just ...
markets.businessinsider.com/news/bonds/treasury-general-account-tbills-liquidity-debt-limit-ceiling-us-default-2023-5
House Republicans narrowly pass debt ceiling bill
theweek.com/congress/1023022/house-republicans-narrowly-pass-debt-ceiling-bill
Biden Could Sign Debt-Limit Bill as Soon as Saturday: President Joe Biden could sign a bill suspending the debt ceiling as soon as Saturday ...
bloomberg.com/news/articles/2023-06-02/biden-could-sign-debt-bill-as-soon-as-saturday-white-house-says
Biden Could Sign Debt-Limit Bill as Soon as Saturday: President Joe Biden could sign a bill suspending the debt ceiling as soon as Saturday ...
bloomberg.com/news/articles/2023-06-02/biden-could-sign-debt-bill-as-soon-as-saturday-white-house-says
Treasury buyers live for the moment, unfortunately: The mood music around American indebtedness is as ominous as ever, but investors in Treasuries have their ...
reuters.com/breakingviews/treasury-buyers-live-moment-unfortunately-2023-06-01/
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