'The mother of all crises.' A US debt default would ricochet around the world
The global economy has been hit by two huge shocks in three years. It might be about to suffer a third in the shape of a US debt crisis.
2023-05-26 22:27
Deputy Treasury secretary rules out possibility of using 14th Amendment to raise debt ceiling
Invoking the 14th Amendment to lift the borrowing cap on the US debt ceiling as a way to work around slow-moving negotiations is not an option, Deputy Treasury Secretary Wally Adeyemo told CNN Friday, the administration's most definitive response yet to an unlikely option demanded by some progressives.
2023-05-26 21:16
U.S. Treasury's Adeyemo sees no ability to 'triage' payments without debt limit hike
WASHINGTON Deputy U.S. Treasury Secretary Wally Adeyemo said on Friday that the U.S. government does not have the
2023-05-26 19:47
Factbox-Top US credit rating under watch as debt ceiling talks drag on
Drawn-out negotiations between the White House and Republicans to raise the $31.4 trillion debt ceiling have unnerved markets
2023-05-26 19:24
Biden, McCarthy looking to close US debt ceiling deal for two years
By Richard Cowan, Andy Sullivan and Jarrett Renshaw WASHINGTON The White House and congressional Republicans on Friday are
2023-05-26 18:26
Debt limit negotiators under pressure to reach deal as risk of default grows
There are signs that negotiations over raising the nation's debt limit are gaining momentum, but major differences remain and it's unclear how quickly an agreement could come together. Time is running short as the risk of a first-ever default grows.
2023-05-26 17:27
US credit default swaps flash default warning and speculators rush in
By Shankar Ramakrishnan and Nell Mackenzie (Reuters) -A measure of U.S. default risk is flashing red as talks over the
2023-05-26 14:26
Analysis-Wall Street prepares for Treasuries mess as default looms
By Gertrude Chavez-Dreyfuss, Saeed Azhar and Davide Barbuscia NEW YORK Anxiety is increasing in parts of Wall Street
2023-05-26 13:29
As US credit risk looms, former S&P officials see 2011 downgrade as vindicated
By Pete Schroeder WASHINGTON As the United States stares at the risk of a credit downgrade, former Standard
2023-05-26 12:28
Inside the Treasury Department team monitoring early economic warning signs as default threat looms
Nearly five months before the US was projected to hit the debt ceiling, a small team inside the Treasury Department began alerting top officials to early effects already being felt in the US financial system.
2023-05-26 06:51
US default fears spark clearing house collateral scrutiny
By John McCrank, Laura Matthews and Michelle Price WASHINGTON Clearing houses and their members are working out how
2023-05-26 06:21
Power transmission deal being mulled in US debt limit talks -sources
By Timothy Gardner and Jarrett Renshaw WASHINGTON A bill to boost power transmission between U.S. regions is being
2023-05-26 05:46