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…
US could default on debt as soon as June 1
Personal debt ceiling watchers have had June 15 circled on their calendars for months now as an crucial date. The vital dilemma: Will the authorities have ample in the financial…
Will it take market crash for Congress to raise debt limit?
WASHINGTON (AP) — There’s one particular way to power President Joe Biden and Congress to address the looming disaster above the debt limit: a economical sector crash. That is a…
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…
Troubling signs emerge as credit card debt hits record high
As credit card financial debt strike an all-time large — just shy of $1 trillion — in the final three months of 2022, delinquencies amongst borrowers accelerated. Balances grew $61…