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 […]
Yellen says it’s ‘almost certain’ debt ceiling deadline would be in early June
Treasury Secretary Janet Yellen said the deadline for raising the debt ceiling is almost certain to be early June as lawmakers try to reach a deal to raise the ceiling before the country defaults. Stated. Yellen told The Wall Street Journal’s CEO Council Summit on Wednesday that the U.S. must not default on its debts […]
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 […]
Record share of Americans say they are worse off financially than one year earlier: survey
A new Federal Reserve survey found that the percentage of Americans who say their economy is worse off than it was a year ago hit a record high. According to the “Financial Well-being of U.S. Households” reportthe 35 percent of adults who say their living conditions will be worse in 2022 than in the previous […]
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 […]
Proposed rule targets college programs that leave students with ‘unaffordable debt or insufficient earnings’
The Department of Education on Wednesday announced a rule that would take federal funding away from for-profit colleges and accredited programs whose alumni’s income is not enough to pay off student loans or whose debt is excessively high, data shows. announced that it was proposing The rule, first introduced under the Obama administration, is commonly […]
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 […]
