The United States has reached its debt ceiling; here's what that means for your money.
Summary by NewsWall Apr 16 23
- The Treasury issues debt to fund the majority of the US government's spending.
- What is the current status of the debt ceiling?
- "If Italy borrows in dollars, they have to pay it back in dollars."
- Any deterioration in the United States' credit rating would very certainly raise interest rates on other types of debt, such as mortgages and auto loans, to account for the additional risk.
- And don't forget that government expenditure (which would be reduced in a default scenario) contributes to the general economy, which is already in a vulnerable state — one that many experts believe could shortly swing into recession territory.
Story Details
| Last Updated | Jan 22 23 |
| Total Articles | 12 |
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The U.S. hit the debt ceiling — here's what that means for your money: The U.S. could default on its debts if Congress fails to raise the debt ceiling by June ...
cnbc.com/2023/01/21/how-the-debt-ceiling-affects-your-money-according-to-financial-pros.html
The U.S. Hit Its Debt Limit. What Happens Next?: At stake is the fate of the U.S. economy, which could face a financial crisis and fall into a deep recession if ...
nytimes.com/2023/01/20/business/economy/debt-limit-whats-next.html
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- The US Treasury Secretary cautioned against China's overcapacity risks and highlighted the importance of dialogue to avoid potential conflicts, noting progress in the talks and the structured continuation of discussions as crucial.
WATCH LIVE: Japanese Prime Minister Fumio Kishida addresses joint meeting of Congress
pbs.org/newshour/world/watch-live-japanese-prime-minister-fumio-kishida-addresses-joint-meeting-of-congress
Quick Glance: Kishida and Biden Celebrate US-Japan Alliance with 'Star Trek' Toast
- Kishida quotes 'Star Trek' and jokes at state dinner in White House
- Biden and Kishida emphasize friendship and alliance between USA and Japan
- Prominent guests from politics and business attend lavish dinner
- Simon sings hits at night performance, serving spring cuisine from Japan and the USA
US issues fresh Iran-related sanctions targeting vessel owner: The United States on Thursday imposed new Iran-related counterterrorism sanctions against ...
reuters.com/world/us-issues-fresh-iran-related-sanctions-targeting-vessel-owner-2024-04-04/
Janet Yellen tackles China over flood of cheap goods: Janet Yellen has kicked off her second visit to China as US treasury secretary with a warning of the risk ...
cnn.com/2024/04/04/business/yellen-us-china-economic-relations-hnk-intl/
Quick Glance: Yellen Warns China of Overproduction Risks
- Janet Yellen has warned China during her second visit as US Treasury Secretary about the risks to jobs and businesses posed by the overproduction of certain goods.
- Yellen highlighted the consequences of the overcapacity of Chinese goods in key industries such as electric vehicles and solar panels, stating that this could impact American firms, workers, and companies globally.
- She discussed potential trade barriers that could be considered if China does not respond to warnings about overcapacity, emphasizing that China is flooding the global market with cheap, state-subsidized products.
- Yellen emphasized the importance of a level playing field for companies and workers in both countries and continued her discussions on bilateral cooperation in areas such as climate change and financial stability with Chinese counterparts.
Warren says she would move to block sale of F-15s to Israel: Sen. Elizabeth Warren (D-Mass.) said Thursday she would move to block the sale of F-15s to Israel ...
thehill.com/homenews/senate/4574559-warren-block-sale-f-15s-israel/
See the cast of 'Ghosts' experience their characters' history at the Library of Congress
usatoday.com/story/entertainment/tv/2024/04/11/cbs-ghosts-cast-library-of-congress-visit/73292152007/
Republicans want to rename DC's Dulles Airport after Trump: Seven House Republicans, including a member of GOP leadership, are behind the proposal to honor the ...
businessinsider.com/house-republicans-rename-dulles-airport-trump-2024-4
Paid articlePaidQuick Glance: Proposal to Rename D.C.'s Dulles Airport after Trump Faces Opposition
- A group of Republican lawmakers, led by a member of the GOP leadership, is preparing to introduce legislation to rename Washington Dulles International Airport in D.C. after former President Trump.
- The expected resistance from House Democrats could pose a challenge given the Republicans' narrow majority.
- The initiative spearheaded by Rep. Guy Reschenthaler (R-Pa.) has garnered support from several of his colleagues.
- If Donald Trump were to return to the White House, his close allies aim to significantly alter governmental interpretations of Civil Rights-era laws to emphasize 'anti-white racism' over discrimination against people of color.
What is the FISA Bill Dividing That is Dividing Republicans in Congress?: Nineteen Republicans tanked a vote on a bill that would reauthorize a controversial ...
newsweek.com/fisa-bill-trump-republicans-vote-mike-johnson-1889273
Who Is to Blame for the War in Ukraine?: NATO expansion provoked the very conflict that is now being touted as justification for said expansion.
commondreams.org/opinion/who-is-to-blame-for-ukraine-war
Biden reiterates US concerns over TikTok ownership to Xi Jinping: President Joe Biden told his counterpart Xi Jinping on Tuesday that the United States wants a ...
france24.com/en/americas/20240402-biden-reiterates-us-concern-over-tiktok-ownership-to-xi-jinping
Quick Glance: RNC Launches 'Biden Bloodbath' Website
- The Republican National Committee launched a website aimed at criticizing President Biden's border policies.
- BidenBloodbath.com provides a timeline of the 'border crisis,' attributing it to Biden's policies and offering 'real-time messaging' to activists.
- The website also tries to link allegations of crimes committed by individuals who entered battleground states illegally with various data points on fentanyl deaths.
- While the immigration discourse may fuel distrust, generalizations about immigrants committing violent crimes are often false.
‘Whose house?' Congress’ house, appeals court rules, rejecting Jan. 6 defendant’s challenge
politico.com/news/2024/04/09/capitol-building-january-6-appeals-court-ruling-00151249
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