This is the calamity Washington is trying to avoid with a debt ceiling deal
As debt ceiling drama in Washington continues to unfold, the US could reach a day when it can't meet its financial obligations. In the debt limit fight, a missed payment is different than a debt default.
2023-05-28 17:20
Investors react to tentative US debt ceiling deal
NEW YORK U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to
2023-05-28 11:16
US Labor Department providing $653 million to help states upgrade UI systems
WASHINGTON The U.S. Department of Labor said on Friday it was providing up to $653 million in grants
2023-05-27 04:18
JP Morgan CEO Jamie Dimon deposed over bank's Jeffrey Epstein ties
Two lawsuits accuse the bank of ignoring signs it was profiting from the long-standing relationship.
2023-05-27 03:47
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
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
House panel chair seeks info on proposed U.S. order for China investment
By Karen Freifeld WASHINGTON A top U.S. lawmaker on Thursday asked for more detail on the Biden administration's
2023-05-26 05:22
US debt ceiling: Congress heads home for holiday without a deal
"We're gonna work 24/7", says House Speaker Kevin McCarthy as time runs low to raise the debt ceiling.
2023-05-26 01:59
U.S. weekly jobless claims rise moderately; first-quarter GDP growth revised up
WASHINGTON The number of Americans filing new claims for unemployment benefits rose moderately last week and the prior
2023-05-25 20:53
Americans' outlook on retirement darkens to an 11-year low
In the latest sign of economic pessimism, Americans are growing increasingly concerned they won't be able to retire comfortably, according to a Gallup survey shared first with CNN on Wednesday.
2023-05-25 06:22
Are investors finally nervous about the US debt ceiling?
US financial markets falter as debt ceiling talks continue. So is Wall Street getting nervous?
2023-05-25 03:47
The debt ceiling is an awkward place to talk about spending
The debt ceiling snafu, which has the potential to wreck the US economy, is a civics lesson in the bizarrely inefficient way the American government spends your money.
2023-05-24 05:25