Yellen Trashes GOP Plan to Prioritize Debt Payments
Appearing before the Senate Finance Committee Thursday, Treasury Secretary Janet Yellen said in no uncertain terms that she does not think a...
Debt Default Would Devastate US Economy, Moody’s Warns
What will happen if lawmakers fail to raise the $31.4 trillion debt limit before the U.S. Treasury runs out of cash to pay its bills in full and on...
Fed’s Powell Warns on Inflation and the Debt Limit
Federal Reserve Chairman Jerome Powell on Tuesday delivered new warnings about inflation and the debt limit. In semiannual testimony before the Senate...
Fitch Warns on US Credit Rating: 'Playing With Live Ammunition'
The U.S. has a perfect credit rating from Fitch Ratings, one of three major agencies that grade public and private debt. But James McCormack, Fitch’s...
Biden Says GOP Is 'Manufacturing a Crisis'
As he prepares to release his budget next week, President Joe Biden is continuing to try to grab the mantle of fiscal responsibility and frame the...
Biden Maintains Pressure on the Debt Ceiling
President Joe Biden took aim at Republicans Monday, again accusing GOP lawmakers of threatening the stability of the U.S. economy as they look for...
Debt Default Most Likely in Summer or Early Fall: Analysis
With the need to raise the debt ceiling still hanging over Washington, a leading think tank in the nation’s capital provided a new estimate on...
Flipping the Script, Biden Says GOP Would Add Trillions in Debt
As the Congressional Budget Office projected a worsening fiscal outlook, President Joe Biden on Wednesday sought to portray his economic plans as both...
US Faces Debt Default as Soon as July: CBO
The U.S. will default on its obligations sometime between July and September if the federal debt limit is not raised or suspended, the Congressional...
Biden and McCarthy Dive Into Debt Talks
The debt ceiling dance has begun. President Joe Biden and House Speaker Kevin McCarthy (R-CA) met at the White House for more than an hour on...