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Trying to get a loan? How the 2023 banking crisis has made borrowing even tougher.Banks have made it tougher for consumers and businesses to get loans after SVB crisis, according to Fed's Senior Loan Officer Opinion Survey.
Source: USATODAY - 🏆 100. / 63 Read more »
Yellen: 'No good options' if Congress fails to act on debtTreasury Secretary Janet Yellen says there are “no good options” for the United States to avoid an economic “calamity” if Congress fails to raise the nation’s $31 trillion-plus borrowing limit in the coming weeks. In a TV interview Sunday, she didn't rule out President Joe Biden acting on his own to try to avert a first-ever federal default. Her comments added even more urgency to a high-stakes meeting Tuesday between Biden and congressional leaders from both parties. An increase in the debt limit wouldn't authorize new federal spending. It would only allow borrowing to pay for what Congress has already approved. Without an increase, Yellen says the U.S. could default on its debt as early as June 1.
Source: AP - 🏆 728. / 51 Read more »
Senate Republicans close ranks on spending reforms ahead of debt ceiling talk with BidenSenate Republicans sent a strong signal to President Biden that they are aligning with House GOP demands for significant spending reforms in a deal to raise the nation’s borrowing limit.
Source: WashTimes - 🏆 235. / 63 Read more »
Yellen: ‘No good options’ if Congress fails to act on debtAn increase in the debt limit would not authorize new federal spending. It would only allow borrowing to pay for what Congress has already approved.
Source: FOX10News - 🏆 581. / 51 Read more »
Yellen: ‘No good options’ if Congress fails to act on debtTreasury Secretary Janet Yellen said Sunday that there are “no good options” for the United States to avoid an economic “calamity” if Congress fails to raise the nation’s borrowing limit of $31.381 trillion in the coming weeks. She did not rule out President Joe Biden bypassing lawmakers and acting on his own to try to avert a first-ever federal default.
Source: WashTimes - 🏆 235. / 63 Read more »