Browsing Tag
debtlimit
Debt-limit deal sets up tough battle for passage in Congress
WASHINGTON – Getting a US debt-limit deal is one thing. Overcoming entrenched political divisions and time-consuming procedural hurdles to pass the legislation before a June 5 default deadline is another challenge altogether.
The deal…
Could $25 billion in Social Security payments force a debt-limit deal?
On Friday, June 2, millions of Americans are due a total of $25 billion worth of Social Security payments. And more than anything else, that may prove a decisive element in forcing an end to the partisan standoff over raising…
U.S. credit rating at risk of Fitch cut on debt-limit impasse
The tension around the U.S. debt-limit negotiations ratcheted up after Fitch Ratings warned the nation’s AAA rating was under threat from a political standoff that’s preventing a deal.
Fitch may downgrade its assessment to…
Wonder when the U.S. goes broke? Check the debt-limit doomsday clock
Treasury Secretary Janet Yellen has warned the U.S. is “highly likely” to default in early June if Congress fails to lift or suspend the legal limit for government borrowing.Here’s a day-by-day guide, beginning June 1, to projected…
Fitch flags US credit rating on debt-limit impasse
The tension around the U.S. debt-limit negotiations ratcheted up after Fitch Ratings warned the nation’s AAA rating was under threat from a political standoff that’s preventing a deal.
Fitch may downgrade its assessment to reflect the…
Load up on Treasury bills for their juicy yields because the debt-limit standoff will likely be…
Pimco co-founder Bill Gross.Jim Young/ReutersInvestors should snap up short-term US Treasurys, according to Pimco founder Bill Gross.Yields on 1- and 2-month bills have spiked on fears that the US could default on its debt repayments."I…