Senior Treasury officials reiterate dire warnings if debt ceiling isn’t lifted, pour cold water on invoking the 14th Amendment
CNN — Ahead of a very predicted conference in between President Joe Biden and Congressional leaders on Tuesday, senior Treasury officers reiterated dire warnings of economic “chaos” and “catastrophe” if…
Government auditor concerned about ‘financial management weaknesses’ as debt ceiling crisis looms
The Authorities Accountability Business reported Thursday that it could not situation an view on the dependability of the U.S. government’s consolidated monetary statements as the debt ceiling disaster looms. Gene…
Joe Biden Kevin McCarthy meeting yields no debt ceiling deal
U.S. Household Speaker Kevin McCarthy (R-CA) talks to reporters soon after he satisfied with U.S. President Joe Biden to explore the federal personal debt restrict and spending, at the White…
How the debt ceiling affects your money, according to financial pros
The U.S. strike the financial debt ceiling on Thursday, which compelled the Treasury Division to start using so-named “remarkable actions” to carry on paying out the government’s bills. Treasury Secretary…
Stocks advance as debt ceiling deadline fears abate
Stocks advanced Thursday, with investors cheering developments in Washington as lawmakers reached an agreement that would temporarily avert a government default by mid-month. The three major indexes extended gains after…