Risk
U.S. House Passes Debt Ceiling Bill
Senate to consider bill on Thursday with June 5 Treasury Department deadline looming.
Tag: debt ceiling
Risk
Biden-McCarthy Agreement Would Extend Debt Ceiling to January 2025
In exchange for extending the debt ceiling, the Biden administration agreed to budget cuts and changes to the federal energy permitting process.
Newsmakers
Pension Funds Appear Unfazed by Potential US Default
They have ample liquid assets—and show little sense of fear.
Regulation
Stocks Are ‘Perfect Hedge’ Against Inflation, Siegel Says
Economist and Wharton School professor Jeremy Siegel likes stocks as the safest investment this year.
Research
Debt Ceiling Stalemate: End Date for Washington’s Pay Ability May Arrive Sooner
The so-called ‘X-date’ could come in June instead of August, say studies by Goldman Sachs and Wrightson ICAP, based on lower-than-estimated federal tax receipts.
Risk
Look Out: Treasury Volatility May Not Be Over
Ongoing worries, such as the debt-limit clash, could bring it roaring back, warns Bank of America.
Newsmakers
Biden Backs Debt Ceiling Increase, Proposes Higher Tax on Buybacks
President pledges to protect Social Security and Medicare and asks Congress to 'finish the job' on many of his priorities.
Risk
What Happens if US Debt Defaults? Just Short-Term Pain, Sages Say
Drawing lessons from history, any federal failure to pay should be a hiccup, albeit an expensive one.
News
Moody’s Totes Up the US Budget Standoff’s Economic Threat
Beware of a recession, chaotic global markets, and a weakened US going forward, if the federal spending cap isn’t raised, economist Zandi admonishes.