Stock market news today: Investors grow concerned about debt ceiling

US stocks fell on Thursday as investor concerns linger about a potential recession and the US debt limit being reached.

Recession fears resurfaced after retail sales fell 1% in December, building off the 1% decline seen in November. Producer price index data also showed a drop in business activity in December. But the job market remains strong, as jobless claims fell unexpectedly to 190,000 last week. Meanwhile, the US Treasury said it hit the debt ceiling imposed by Congress on Thursday, and is now taking extraordinary measures, essentially accounting maneuvers, to fulfill its obligations.

Treasury Secretary Janet Yellen has said she expects the measures will stall a US default until around June, when pressure will be on Congress to raise the debt ceiling.

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Why the U.S. debt-ceiling is worrying stock and bond investorsThe U.S. Treasury Department began taking special measures to stay current on its bills and continue issuing new bills and notes in the near $24 trillion Treasury market, as the government had been approaching its current debt limit of $31.385 trillion. Ok y'all wanna know howto add/make more $ to Treasury dept.right ? To at least keep balanced with deficit or more than..right ? If Treasury has more than ? Then we are in a surplus right ? Weve balanced the unbalanced before my friends .this aint no newity..where theres a will instead if despair theres a way 😊👍 maybe they should try being fiscally responsible like the average american has to. we can’t print effing money and create raging inflation whenever we want. we are so screwed cause our leadership cares only for themselves.
Source: MarketWatch - 🏆 3. / 97 Read more »