Tag Archives: debt ceiling

U. S. President Joe Biden torched Senate Republicans on Monday, calling them “hypocritical, dangerous, and disgraceful” for blocking Democrats’ efforts to renew the nation’s ability to pay its bills.Biden accused Republicans of refusing to do their job and abusing their power to prevent the administration from doing its duties of …

The USD 28.4 trillion debt limit was renewed on 1 August. By extraordinary measures, Treasury Secretary Janet Yellen has been able to take steps that allow the government to borrow additional funds without breaching the debt ceiling. Yellen warned lawmakers that if Congress fails to raise or suspend the debt …

Money in the world’s largest economy is at risk of running dry after two weeks over latest statements by Secretary Janet Yellen saying the U. S. will hit its USD 28.4 trillion (USD 39.6 trillion) debt limit on 18 October unless a temporary funding solution is found by Congress.The stock …

Treasury Secretary Janet Yellen, Thursday, called for an ultimate end to the federal debt ceiling altogether and shot the idea raised by down lawmakers of minting a USD 1 trillion coin to avoid defaulting on the debt.Yellen described the debt limit as “very destructive” during the House’s before the Committee …

The House of Representatives passed, Wednesday, a stand-alone legislation to suspend the federal debt limit through December 2022, but the bill will be encountered with block vows in the Senate due to solid Republican opposition.The bill has been passed on a partisan line vote of 219-212 as Speaker Nancy Pelosi …

The U. S. dollar has risen versus the Japanese yen to its biggest high since March 2020 as the Euro falls to lowest since early November.The dollar index which measures the U.S. currency against a basket of six major currencies rose for the fourth consecutive day, to 94.37 from 93.77 …

The sharp lows on Tuesday of Wall Street stocks is deepening concerns over persistent inflation and price hikes, as debt ceiling negotiations continue in Washington.All three major U.S. stock indexes slid by nearly 2% or even more, with interest rate sensitive tech and tech adjacent stocks while investors lost risk …

Janet Yellen renewed, Monday, her call for Congress to raise or suspend the nation’s debt before October. The U. S. Treasury Secretary has warned that failure to do so may trigger an unprecedented financial crisis in the United States.“The U.S. has always paid its bills on time,” Yellen wrote in …