debt ceiling

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Joe Biden, Kevin McCarthy
Politics

Millions of job cuts, no Social Security, immediate recession: Here’s how gnarly a national debt default would be

By Darlene Superville and The Associated Press
May 17, 2023
Joe Biden
Politics

Biden confident that ‘America will not default’ as he praises ‘good faith’ talks with McCarthy on debt ceiling deal

By Seung Min Kim, Lisa Mascaro and The Associated Press
May 17, 2023
Top economist Larry Summers says the debt ceiling gridlock is a ‘foolish exercise’ that could slash $6 trillion from the stock market
Finance

Top economist Larry Summers says the debt ceiling gridlock is a ‘foolish exercise’ that could slash $6 trillion from the stock market

By
May 17, 2023
A group of over 140 CEOs and Wall Street titans including David Solomon just warned stocks will crash if politicians can’t raise the debt ceiling
Finance

A group of over 140 CEOs and Wall Street titans including David Solomon just warned stocks will crash if politicians can’t raise the debt ceiling

By
May 17, 2023
Biden and House Speaker Kevin McCarthy name negotiators to broker debt ceiling deal, shifting talks into encouraging new phase
Politics

Biden and House Speaker Kevin McCarthy name negotiators to broker debt ceiling deal, shifting talks into encouraging new phase

By Lisa Mascaro, Seung Min Kim and The Associated Press
May 17, 2023
Top Obama economist says we should abolish the debt limit as the current political ‘brinkmanship’ hurts the economy
Finance

Top Obama economist says we should abolish the debt limit as the current political ‘brinkmanship’ hurts the economy

By
May 16, 2023
Jamie Dimon
Finance

War rooms, bailouts and fire alarms: Here’s how power players on Wall Street and K Street are preparing for the U.S. to default on the national debt

By John W. Diamond and The Conversation
May 16, 2023
Wall Street firms say the debt ceiling showdown is already doing major damage and warn that politicians need to reach a deal—fast
Finance

Wall Street firms say the debt ceiling showdown is already doing major damage and warn that politicians need to reach a deal—fast

By Katherine Doherty and Bloomberg
May 16, 2023
Biden and House Speaker Kevin McCarthy have very different views on what happened at their debt ceiling meeting
Politics

Biden and House Speaker Kevin McCarthy have very different views on what happened at their debt ceiling meeting

By Lisa Mascaro, Fatima Hussein, Seung Min Kim and The Associated Press
May 16, 2023
A veteran market watcher who saw the Fed creating a disaster in 2008 says ‘distortions in the economy’ today are still the Fed’s fault
Finance

A veteran market watcher who saw the Fed creating a disaster in 2008 says ‘distortions in the economy’ today are still the Fed’s fault

By
May 15, 2023
Mortgage rates could spike if the U.S. defaults
Finance

The housing market correction would regain new life if the U.S. defaults, says Moody’s chief economist

By
May 14, 2023
‘It’s essentially a game of chicken.’ The debt limit standoff has no real winners and potentially one big loser: The U.S. economy
Politics

‘It’s essentially a game of chicken.’ The debt limit standoff has no real winners and potentially one big loser: The U.S. economy

By
May 13, 2023
Janet Yellen
Politics

Janet Yellen warns Congress that if they fail to act on debt ceiling, ‘we have to default’ on something

By Christopher Condon, Annmarie Hordern and Bloomberg
May 12, 2023
Joe Biden
Politics

A brief history of debt ceiling crises as the country struggles to raise the limit for the 79th time since 1917

By Raymond Scheppach and The Conversation
May 12, 2023
JPMorgan CEO Jamie Dimon
Finance

Jamie Dimon reveals JPMorgan has a ‘war room’ that will meet up to 3 times a day as a ‘potentially catastrophic’ default approaches

By
May 12, 2023

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