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'Yikes:' Elon Musk Startled As US Debt Soars By Eye-Popping $47B In Just 48 Hours
Thursday, September 21, 2023 - 4:47am | 443The alarming rise in the U.S. debt has been a hot topic of discussion recently and the rapid pace in which the country is saddling debt has shocked none other than Tesla CEO Elon Musk. What Happened: The U.S. debt surpassed $33 trillion for the first time recently and 48 hours after the level was...
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McCarthy Says Willing To Debate Debt Ceiling Bill With Anybody Amid Conservative Attack: Here Are Next Key Steps To Look Out For
Sunday, May 28, 2023 - 1:32pm | 704As the country breathes a sigh of relief surrounding the tentative budget deal agreed between President Joe Biden and House Speaker Kevin McCarthy (R-Calif), the attention and efforts now shift to the successful passage of the legislation that will suspend the debt ceiling for two years and avert a...
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Biden Says 'Good News For America' As President, Kevin McCarthy Agree On Tentative Debt Deal To Avert 'Catastrophic Default'
Sunday, May 28, 2023 - 9:01am | 598The months-long wrangling over the debt ceiling is finally coming to an end, potentially averting an “economic catastrophe.” What Happened: President Joe Biden and House Speaker Kevin McCarthy (R-Calif) have reached a budget agreement in principle, the White House announced in a...
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World Markets Rally on 11th Hour U.S. Debt Deal
Monday, August 1, 2011 - 6:41am | 323Equity markets around the world rose broadly Monday, as optimism grew late Sunday that legislators in Washington had reached a deal to raise the U.S. debt ceiling before Tuesday's deadline. European shares bounced back from some of last week's losses, with London's FTSE Index gaining more than 1.3...
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Obama, Congressional Leaders Say Debt Deal Reached; Futures Soar
Sunday, July 31, 2011 - 11:08pm | 523The President of the United States told the country on Sunday evening that Republican and Democratic leaders in the Senate and House of Representatives have struck a deal to raise the nation's debt ceiling. The tentative agreement comes after a weekend of intense negotiations on Capitol Hill. “...