Spending cuts could prompt the Fed to cut interest rates sooner, easing some of the pressure on banks The U.S. relies on debt for much of its spending—but what would spending cuts look like? Photo illustration: Madeline Marshall.
Spending cuts could prompt the Fed to cut interest rates sooner, easing some of the pressure on banks The U.S. relies on debt for much of its spending—but what would spending cuts look like? Photo illustration: Madeline Marshall
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Democrats harden their message on the debt ceiling while quietly paving the way for a dealThe moves were spurred by the prospect of a potentially catastrophic U.S. default that appears closer than it did just 24 hours ago.
Source: CNBC - 🏆 12. / 72 Read more »
White House leaves door open to deal that resolves debt ceiling crisisThe White House is leaving the door open to a compromise with House Republicans on a spending plan that resolves the federal debt ceiling deadlock — a strategy that could allow both parties to claim victory while averting a national economic catastrophe.
Source: washingtonpost - 🏆 95. / 72 Read more »
McCarthy’s debt ceiling deal or Biden’s defaultAs a former speaker, I remember the feeling of going to the House floor knowing I was a few votes short of what I needed.
Source: WashTimes - 🏆 235. / 63 Read more »
Exclusive: Suriname reaches debt restructuring deal with bondholdersSuriname reached an agreement in principle with its Eurobond creditor committee for the restructuring of its debt, the government said on Wednesday.
Source: Reuters - 🏆 2. / 97 Read more »
Washington is running out of work days to strike a debt ceiling dealTreasury Secretary Janet L. Yellen warned earlier this week that the U.S. could default on its debt as early as June 1. But in reality, President Biden and congressional leaders may have just six working days to figure out a solution.
Source: washingtonpost - 🏆 95. / 72 Read more »
Why bonds may rally if lawmakers don't reach a debt limit dealHere's why bonds may actually rally if the US runs out of cash to pay its debts, according to UBS
Source: BusinessInsider - 🏆 729. / 51 Read more »