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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
Morning Bid: Inauguration caution cools risk-on revival
Signs of life being breathed back into China's economy and a strong rally on Wall Street on Friday bode well for Asian markets on Monday, although nervousness around President-elect Donald Trump's inauguration could temper the optimism. U.S. markets will be closed for Martin Luther King Jr. Day, so global liquidity will be lighter than usual, and U.S. debt ceiling jitters are back in sharp focus. Investors have broadly welcomed the 'market-friendly' parts of Trump's expected agenda like tax cuts and deregulation.
Fed officials weighed slowing or pausing bond drawdown last month
(Reuters) -Uncertainty over how the U.S. Treasury will manage debt issuance over the next few months drove some Federal Reserve officials to contemplate at their last policy meeting slowing or pausing the ongoing drawdown of their balance sheet until greater clarity arrives. Fed officials, in minutes of the central bank’s January 28-29 Federal Open Market Committee meeting released on Wednesday, flagged the challenge of getting a clean read on market liquidity as the government wrangles over spending plans amid a legally mandated borrowing cap that will affect how the Treasury Department manages its cash. “Regarding the potential for significant swings in reserves over coming months related to debt ceiling dynamics, various participants noted that it may be appropriate to consider pausing or slowing balance sheet runoff until the resolution of this event,” the minutes noted.
Before DOGE, the debt ceiling used to be the only quick way political extremists could cause a financial crisis | Economic Policy Institute
The U.S. statutory debt ceiling is an absurd, arbitrary, and worthless political institution, yet it also poses a profound danger of throwing the economy into a full-blown crisis whenever it looms. Elon Musk’s behavior over the past month is eerily similar—including the exact mechanisms through which this behavior could cause a crisis. If the statutory…
Abolish the Debt Ceiling
Much talk in recent weeks has been about the need for Congress to once again raise the debt ceiling, otherwise risk widespread default on US government debt.If you are experiencing some déjá vu, you are not alone. Debt ceiling standoffs have become a staple in American politics in recent decades, with one party using the debt ceiling to play the proverbial game of chicken with the US economy, and the other hoping a deal is hammered out before it’s too late. But why exactly do we have a debt ceil
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."