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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
US Government Has Less Than 3 Weeks To Raise Debt Ceiling Before Resorting To 'Extraordinary Measures,' Says Treasury Secretary Yellen - Benzinga
U.S. Treasury Secretary Yellen warned Congress that the government has less than three weeks to raise the debt limit or risk default and financial instability.
Janet Yellen Warns US Could Hit Debt Ceiling On Tuesday, Suspends Investments In 2 Government Employee Benefit Funds: 'Extraordinary Measures' - iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) - Benzinga
Janet Yellen, the U.S. Treasury Secretary, on Friday cautioned that the government will reach its borrowing limit on Tuesday, necessitating the use of "extraordinary measures" to prevent a potential default.
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.