US Debt Ceiling

The U.S. is on track to default on its payments obligations if the debt ceiling is not raised. But according to Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, the problem could extend beyond a debt crisis. “The debt ceiling negotiations is ridiculous...

Oil prices slipped during Monday morning Asian trade as concerns about demand at top oil-consuming nations U.S. and China negated positive factors like a reduction in oil supplies due to OPEC+ production cuts. West Texas Intermediate futures maturing in June were trading 0.46% lower at $69.72 per...

President Joe Biden reportedly said on Sunday he expects to meet with congressional leaders on Tuesday for talks on the debt ceiling crisis. The President was earlier set to meet with House Speaker Kevin McCarthy and senior Congressional leaders on Friday but the meeting was postponed. Speaking to...

Donald Trump, the Republican frontrunner for the 2024 presidential elections, said on Sunday night that unless the GOP get "everything" they are asking in terms of cost-cutting they will have no choice but to let the Biden administration default. What Happened: The former president also had the "...

The uncertainty surrounding raising the debt ceiling has worried economists and the markets, with some of them out with doomsday predictions. What Happened: Unperturbed by the dire consequences a default can have on the global economy and the U.S. in particular, the Biden administration and the...

JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon reportedly said the congressional impasse over the U.S. debt ceiling and a potential default on the national debt could create a financial panic. "Panic isn't necessarily a rational thing," Dimon said during an interview with Punchbowl News,...

With President Joe Biden and House Speaker Kevin McCarthy not being able to reach any consensus regarding the debt ceiling crisis, concerns surrounding a potential default on national debt have resurfaced. When “Whole Mars Catalog” tweeted stating defaulting on the national debt is a...

U.S. markets ended mixed on Wednesday after strong set of earnings from certain companies countered the impact of weak economic data that reportedly showed new orders for key U.S.-manufactured capital goods declined more than expected in March. The uncertainty over the debt ceiling crisis also...

House of Representatives Speaker Kevin McCarthy reportedly said on Sunday the House would vote on his spending and debt bill this week and also invited President Joe Biden to discuss the debt ceiling. What Happened: Although Republicans have a narrow majority in the House, McCarthy said he was...