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Discover Latest #Debt ceiling News, Articles and Videos with Contenting
- ABC News Browse Debt ceiling latest news and updates, watch videos and view all photos and more. Join the discussion and find more about Debt ceiling at abcnews.com Debt Ceiling Definition - Investopedia DEFINITION of 'Debt Ceiling' The amount of money the government is legally allowed to borrow to meet its existing legal obligations, including Social Security and ... Debt Ceiling | Definition of Debt Ceiling by Merriam-Webster Define debt ceiling: the maximum amount of money that the government of a country is legally allowed to borrow
Rep. Krishnamoorthi on Moody's Downgrade, Tax Bill
Rep. Raja Krishnamoorthi (D) Illinois, discusses Moody's downgrading of the United States credit rating to AA1 from a Triple A and explains how the proposed tax bill is adding to this downgrade. He also talks about if Democrats will have to work with Republicans to raise the debt ceiling, what to expect from the US Senate on the tax bill, and his views on the deals made during President Trump's visit to the Middle East. Representative Krishnamoorthi speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's "Balance of Power."
GOP Senators Threaten To Block Trump's Tax And Spending Bill Over Deficit, Medicaid Cuts And Debt Ceiling Hike - Lockheed Martin (NYSE:LMT), RTX (NYSE:RTX) - Benzinga
Republican senators are mounting resistance to President Donald Trump's sweeping "One Big Beautiful Bill," citing deficit increases and insufficient spending cuts as the $3.8 trillion package faces uncertain Senate passage despite narrow House approval.
Stocks and dollar jump, bitcoin hits all-time high
The mood was less upbeat in Asia after China said Friday it would ramp up a local debt ceiling, but fell short of announcing any new growth-boosting measures European and US stocks mostly jumped, while the dollar gained and bitcoin extended a record run on Monday, as traders took their lead from events in China […]
Treasury Boosts Q3 Debt Borrowing Estimate To $1 Trillion From $554 Billion To Replenish Cash Balance | ZeroHedge
There we no big surprises today, and as expected, the refill of the Treasury General Account - which can only happen assuming there is a debt ceiling deal before Sept 30 - was the primary use of funds.
What Trump’s ‘Big Beautiful Bill’ Means For US Economy As Debt Hits $37 Trillion
On July 4, President Trump signed the One Big Beautiful Bill Act (OBBBA), raising the debt ceiling by $5 trillion to avoid a potential default by the US government. However, this bill is likely to have long-term implications, according to experts.
Fitch affirms US credit at 'AA+', rising debt a ratings constraint
High fiscal deficits and increasing government debt levels constrain the U.S. rating, even if a surge in revenue from President Donald Trump's sweeping tariffs is expected to reduce the deficit this year, Fitch said in a statement. "The U.S. has not taken meaningful action to address its large fiscal deficits, rising debt burden, or the looming increase in spending tied to an aging population," it said. In 2023, Fitch downgraded the U.S. sovereign rating by one notch from its previous top, triple-A rating, pointing to expected fiscal deterioration and repeated down-to-the-wire debt ceiling negotiations.