Tag Archives: ceiling

Expect financial market and economic chaos to ensue if U.S. lawmakers don’t find a resolution on the debt ceiling this time around. “If there was even a temporary default on the U.S. debt, it would really be a financial catastrophe,” NYU professor and economist Nouriel Roubini told Yahoo Finance Live at the World Economic Forum (video above). “So if you default on the debt, domestic and foreign investors in the private sector are not going to buy your bonds, and you’ll have a spike in… Source link

The dome of the Capitol. (Kent Nishimura/Los Angeles Times via Getty Images) The ceiling on the amount of debt the federal government can issue to fulfill financial obligations is fast approaching, but the Republican-controlled House has signaled that it’s prepared for another round of financial brinkmanship, with Speaker Kevin McCarthy endorsing a push by ultraconservatives to demand spending reductions as part of any extension of the federal government’s borrowing authority. These… Source link

Treasury Secretary Janet Yellen warned the formal debt limit is set to be reached next week in a letter to Congress Friday and pushed lawmakers to increase or suspend the limit in a “timely manner” to avoid far-reaching economic damage. “Failure to meet the government’s obligations would cause irreparable harm to the U.S. economy, the livelihoods of all Americans, and global financial stability,” Yellen wrote. The long-awaited milestone, after which the U.S. borrowing authority of… Source link

His 2021 season was impacted by an injury, but one fantasy football analyst sees a massive ceiling for D’Andre Swift in 2022. Spurred by heavy passing game usage early and back-to-back career-best rushing games, Detroit Lions running back D’Andre Swift was RB5 in full PPR fantasy scoring from Week 1-11 this season. It was notable that those back-to-back 130-plus yard rushing contests came in head coach Dan Campbell’s first two games as the new offensive play caller. Then, Swift suffered… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, October 8, 2021 Keep it or scrap it, Washington should stop playing chicken with the markets “…Goodness knows what the end will be; Oh, I don’t know where I’m at; It looks as if we two will never be one; Something must be done… Let’s call the whole thing off!” That old classic song, sung alternately by Fred Astaire, Billie Holiday, Ella… Source link

Stock futures opened slightly higher Wednesday after a choppy trading session, with investors closely monitoring developments in Congress as lawmakers raced to come to an agreement to avert a government default by mid-month.  During the regular trading day, the three major equity averages had shaken off earlier losses after Senate Minority Leader Mitch McConnell offered Democratic lawmakers a deal to temporarily extend the government borrowing limit into December. Such a move would offer… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, October 6, 2021 It’s true: We are ‘in trouble no matter what’ We’ve now entered the phase of the (perpetually) tortured debate over the debt ceiling that invokes apocalyptic economic imagery, namely “recession” and “default.” With just under two weeks to go before the pivotal Oct. 18 deadline, Treasury Secretary Janet Yellen… Source link

Former President Donald Trump says the country has a debt problem and that the ongoing debt ceiling fight can be “a very strong card to play [where Republicans] can get a lot of what they want.” In an exclusive interview with Yahoo Finance, Trump said the prospect of a government default, which could plunge the country into a recession, can and should be a Republican lever to stop the Democratic spending efforts, including the multitrillion-dollar package of social spending currently being… Source link

The United States Congress has a deadline on paying its bills: October 18, 2021. Secretary of the Treasury Janet Yellen said that if Congress does not raise the debt ceiling, the Treasury will run out of emergency funds to pay U.S. debt holders by that date. “Failing to increase the debt limit would have catastrophic economic consequences,” Yellen told the Senate Banking Committee on Tuesday. In August, a statutory limit on federal debt — called the debt ceiling — was reinstated,… Source link

The next steps in Washington’s very busy week are currently up in the air. Senate Republicans blocked an effort to raise the debt limit and also avert a government shutdown Monday night. Now the Democrats are likely going to have to move on those issue one at a time with an Oct. 1 deadline to avert a shutdown and Oct. 15 or soon thereafter to address the debt ceiling. “It’s never even conceivably thoughtful to think about defaulting,” Jared Bernstein, a member of President Biden’s Council… Source link