These billionaires have more money than the US Treasury right now

Treasury cash stocks are dwindling as the deadline for lawmakers to reach a deal on a higher debt ceiling to avoid a U.S. debt default looms. Data from the Ministry’s website show It said its cash balance fell to $49.473 billion on Wednesday, down from about $76.5 billion on Tuesday’s close. The White House and […]

Most Americans favor clean debt ceiling increase: poll

Most Americans support a clean bill that raises the debt ceiling on its own without being bound by spending cuts, according to the latest polls. NPR-PBS NewsHour-Marist National Poll found 52% of respondents believe Congress should raise the debt ceiling and deal with spending cuts on a case-by-case basis to avoid the possibility of the […]

Two-thirds of Americans very concerned about potential debt limit breach

A new poll shows that two-thirds of Americans say they’re very concerned about debt limit violations that could put the country in default. AP and NORC Center for Public Affairs and Research poll released Friday Indicated Few reported paying close attention to the federal debt ceiling, but most want it raised in exchange for a […]

Stocks and dollar dip after GOP pauses debt ceiling talks

Stock markets and the dollar ended the week lower on Friday after Republican lawmakers suspended negotiations on the debt ceiling following an apparent breakdown in talks. The Dow Jones Industrial Average fell 109.28 points, or 0.3%, while the S&P 500 fell 6.07 points, or 0.1%, on Friday in what was Wall Street’s best week since […]

With Biden in Japan, Harris pushes White House message on debt ceiling

Vice President Harris on Thursday convened elected officials, local leaders and administration allies to warn of the dangers of a possible debt default, as he takes on a greater role in the White House’s messaging on the debt ceiling. warned. Harris leads a virtual briefing on the debt ceiling battle, underscores the White House’s position […]

Fed hikes and default fears: Here’s what could be next for the housing market

Homebuyers and renters alike could feel relief as home prices stabilize, mortgage rates fall, and rental price growth continues to slow in the second half of the year. Economists expect the Fed to pause rate hikes for some time while it monitors future economic data, some of which stems from the banking crisis that led […]

Biden names three key Fed nominees amid battle with inflation

President Biden released a list of key Fed candidates on Friday as central banks battle inflation amid a fragile economy and financial system at stake. Biden will nominate Fed Governor Philip Jefferson to serve as vice chairman of the Fed’s board of directors, and economist and World Bank U.S. Executive Adriana Coogler to serve on […]