In 2023, a stalemate between then-President Joe Biden and congressional Republicans over the debt ceiling prompted panic among financial analysts and everyday Americans alike. The deal they struck, ...
US risks defaulting its debts, which could set off 'cataclysmic' situation for economy, analysts say
A mild recession, analysts say, would likely be the best-case scenario in the event of the US government defaulting on its debts. WASHINGTON -- The fight over raising the nation's borrowing limit ...
WASHINGTON — As Republicans barrel toward a critical deadline this summer to lift the debt ceiling, they say there’s no “Plan B” to avert an economically disastrous default if they fail to pass the ...
Treasury Secretary Scott Bessent on Sunday said that the U.S. government will never default on its debt as the federal government faces a looming deadline to address the debt limit this summer.
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