debt ceiling

Stocks are climbing across the board on Friday, fueled by increased investor optimism about a debt limit agreement.  All major averages traded comfortably in the green, with sharp gains in the rate-sensitive tech and consumer discretionary sectors, despite the release of an unexpectedly...

The debt limit talk has reached its last and most important stage with just five days, or barely more than 100 hours, until the U.S. Treasury may run out of money.  Both the stock and the bond market are likely to react strongly depending whether a deal is...

As Congressional negotiations about raising the debt ceiling continue, reports indicate that progress is being made despite potential payment delays to Social Security beneficiaries and veterans. Bloomberg reported that Deputy Treasury Secretary Wally Adeyemo, on Friday, expressed optimism...

Prominent market commentator Jim Cramer reportedly told investors on Thursday it was too early to get bullish on the market, even if lawmakers reach a consensus on the debt ceiling crisis. "I keep recommending you maintain a high-cash position, even if the Democrats and Republicans cut a deal,...

Nobel laureate and noted economist Paul Krugman said he's terrified of the possible implications of an actual default by the United States on its debt but believes ratings agencies are "just irrelevant." Krugman's comments come at a time when Fitch Ratings placed the ‘AAA’ Long-Term...

President Joe Biden said Thursday that Congressional leaders have agreed there “will be no default,” despite the countdown toward an expected June 1 “x-date” unless a debt ceiling deal is reached. “I put forward a proposal that will cut spending by more than $1...

House Speaker Kevin McCarthy said on Thursday that debt ceiling negotiators "made some progress," but open issues remain. "I don’t think everybody is going to be happy at the end of the day. That’s not how this system works," he added. McCarthy's...

Prominent market commentator Jim Cramer reportedly warned investors on Wednesday that politicians are going to cost them money as the debt ceiling stand-off continues without any resolution in sight. "Get ready for our politicians to lose you some more money," Cramer said while pointing towards the...

The continuing political stand-off in debt ceiling negotiations has begun taking its toll on short-term treasuries with yields on soon-to-mature papers reportedly topping 7%. The impasse has also hurt appetite for short-term treasuries as the possibility of a default is something that investors...

It was Wall Street that showed the first signs of cracks on Tuesday as debt ceiling stand-off continued to drag on without any resolution. Now, as politicians on both sides appear to drag the impasse to the wire, Fitch ratings, on Wednesday, placed the ‘AAA’ Long-Term Foreign-Currency...

The United States has approximately 168 hours, or exactly one week, until it may be unable to pay its debts if debt ceiling negotiations do not produce a breakthrough. Treasury Secretary Janet Yellen indicated that on June 1 the federal government may not have enough cash on hand to pay...

As the June 1 debt-ceiling deadline set by the Treasury approaches, concerns are mounting among Americans about the potential impact on government payments such as Medicare and Social Security. Renowned economist Peter Schiff took to Twitter to express his thoughts on this...

Allianz chief economic adviser and noted economist Mohamed El-Erian reportedly said the only people who benefit from this debt ceiling saga are the adversaries of the United States. "We are sending a very negative signal about our ability to run our economy, let alone be an anchor for the rest of...

Republican negotiators have reportedly cautioned that a "significant gap" remains between the White House and GOP lawmakers on a deal to raise the borrowing limit with Rep. Garret Graves (R-La.) saying talks about important issues were akin to the process of buying a used car. Tuesday's talks...

A successful deal continues to elude the White House and Congress in debt ceiling negotiations as the country steers closer and closer to an unprecedented government default. President Joe Biden and House Speaker Kevin McCarthy left their latest meeting Monday without reaching common ground to...