- 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
Fitch’s US rating downgrade from the top AAA to AA+ (stable outlook) didn’t go uncommented. Fitch cited a worsening budget situation, a high and growing debt burden and an erosion of governance (ie. narrowly avoiding a default as debt ceiling discussions get resolved at the eleventh hour) as reasons for the move.
MS equity strategist Michael J Wilson noted that massive fiscal stimulus, prompted by the COVID-19 pandemic since its outbreak in 2020, allowed the U.S. economy to grow faster than forecast. This resilience in the face of rapid interest rate hike by the U.S. Federal Reserve has seen some Wall Street strategists chalking in a continued rally for some U.S. stocks. While aggressive fiscal spending could continue, given the debt ceiling has been raised, fiscal policy has limits as deficits would widen - one of the reasons for Fitch's downgrade.
In the last week, ratings agency Fitch reversed the bullish stock momentum. It downgraded U.S. debt, citing politics, fiscal spending, and the debt ceiling limits. Last Friday, selling accelerated just before the market closed. Is this a blip on the ...
The second half of the year is now well underway and comes off the back of a surprisingly strong first 6 months for the stock market. The first part was defined by a banking meltdown followed by a debt ceiling crisis that was narrowly averted. All the while, talk of an imminent recession buzzed in the background. Yet, despite these concerns, the markets rallied. As inflation continued to show signs of being on the backfoot, many economic experts began touting the idea that if a recession does co
The U.S. stock market showed impressive gains in 2023, and the latest gross domestic product (GDP) figure exceeded expectations. But according to "Rich Dad Poor Dad" author Robert Kiyosaki, the picture might not be as rosy as it appears. "Don't they know the stock market is up because Biden raised debt ceiling. America's debt is going up ... so stock market going up," he wrote in a recent tweet. "America is broke." The author's concern about America's escalating debt was echoed by Fitch Ratings.
USA News Group – Despite the potential federal funding challenges due to the recent debt ceiling deal, optimism in the battle against cancer persists, thanks in large part to the audacious “Cancer Moonshot” initiative. This ambitious ...
Few historical figures are as infamous and controversial as Niccolò Machiavelli. Often reviled for his prescriptions of cruelty as a means of maintaining political power, Machiavelli gave us perhaps the first treatise on practical political theory.
Sec. 4 of the 14th Amendment is thought by some experts to permit the President to bypass Congress and ignore the debt ceiling because it says, "The validity of the public debt of the United States ... shall not be questioned."