Tag Archives: debt

Bitcoin catapulted above $70,000 for the first time when the market opened at 9:30 a.m. EST on March 8. The new high was $70,170, breaking last week’s record of just over $69,000. The token jumped above the $70,000 level briefly before selling off throughout the morning. At the time of writing, the price is moving between $68,000 and $69,000. The new high marks a sharp move upward from earlier this week. After reaching highs on March 5, the token sold off heavily and went as low as $59,000…. Source link

[unable to retrieve full-text content]Stocks rise as investors await debt deal, AI hype lifts tech: Stock market news today  Yahoo Finance Source link

[unable to retrieve full-text content]Stocks flat ahead of renewed debt talks: Stock market news today  Yahoo Finance Source link

[unable to retrieve full-text content]Stocks rally amid debt debate, Walmart earnings: Stock market news today  Yahoo Finance Source link

[unable to retrieve full-text content]Stocks mixed amid debt debate, Walmart earnings: Stock market …  YouTube Source link

The U.S. government hit its borrowing limit Thursday, causing the Treasury to activate “extraordinary measures” to keep paying the government’s bills. Treasury Secretary Janet Yellen sent a letter Thursday morning to House Speaker Kevin McCarthy, noting that a “debt issuance suspension period” will begin on Thursday, Jan. 19 and last through Monday, June 5. As part of that, the government will not funnel new investments into the Civil Service Retirement and Disability Fund, as well as suspend… Source link

The U.S. government hit its borrowing limit Thursday, causing the Treasury to activate “extraordinary measures” to keep paying the government’s bills. Treasury Secretary Janet Yellen sent a letter Thursday morning to House Speaker Kevin McCarthy, noting that a “debt issuance suspension period” will begin on Thursday, Jan. 19 and last through Monday, June 5. As part of that, the government will not funnel new investments into the Civil Service Retirement and Disability Fund, as well as suspend… Source link

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