U.S. House Passes Debt Ceiling Bill
Senate to consider bill on Thursday with June 5 Treasury Department deadline looming.
They have ample liquid assets—and show little sense of fear.
Economist and Wharton School professor Jeremy Siegel likes stocks as the safest investment this year.
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.
Ongoing worries, such as the debt-limit clash, could bring it roaring back, warns Bank of America.
Beware of a recession, chaotic global markets, and a weakened US going forward, if the federal spending cap isn’t raised, economist Zandi admonishes.