debt ceiling

President Joe Biden and House Speaker Kevin McCarthy struck a preliminary agreement on the debt ceiling over the weekend, dubbed the "Fiscal Responsibility Act," which suspends the debt limit until 2025 and limits discretionary spending for the next two years. Negotiating teams...

Otavio Costa, a portfolio manager at Crescat Capital, believes the United States is primed to have its own Bank of England moment given that the Federal Reserve may have to end up buying Treasury Bills as a last resort. This is because a deluge of bonds is anticipated to hit the market in the...

Democratic presidential candidate Marianne Williamson has criticized the debt ceiling deal between President Joe Biden and House Speaker Kevin McCarthy saying the agreement had nothing to do with fiscal responsibility and that it harms the most vulnerable. "The debt ceiling deal was a negotiation...

President Joe Biden and House Speaker Kevin McCarthy on Sunday reached an agreement on the U.S. debt ceiling, which included a provision that blocked several proposed taxes by the Biden Administration, including the Digital Asset Mining Energy (DAME) excise tax. What Happened: The DAME tax aimed to...

Former Treasury Secretary Lawrence Summers has expressed hope the debt ceiling agreement between President Joe Biden and House Speaker Kevin McCarthy would pass Congress but indicated he is skeptical about the provisions regarding the Internal Revenue Service (IRS). "I am glad that the #...

The debt ceiling deal agreed to by President Joe Biden and House Speaker Kevin McCarthy is unlikely to face smooth sailing through Congress as a couple of Republicans have reportedly said they would oppose the bill. The mounting opposition to the agreement raises concerns as the government is...

President Joe Biden and House Speaker Kevin McCarthy reached the final agreement in principle on Sunday on a deal to raise the country's debt ceiling.  "The agreement prevents the worst possible crisis, a default, for the first time in our nation's history...

Wharton professor Jeremy Siegel reportedly said the Federal Reserve should not hike its policy rate during its June meet and that the delayed effect of its tight monetary policy is going to be felt in the second half of this year. Siegel also indicated the upcoming employment data release will be...

President Joe Biden and House Republicans reached an agreement over the weekend to suspend the debt ceiling limit for two years. The safe passage of the bill through Congress is clouded with uncertainty as conservative GOP members have expressed their unhappiness over it. Last week, rating agency...

Harvard professor and noted economist Jason Furman believes the debt ceiling agreement is significantly better than nothing but said it was too close for comfort. "The budget/debt agreement is vastly better than nothing and probably about where things would have landed in a regular appropriations...

With President Joe Biden and House Speaker Kevin McCarthy reaching a tentative deal on the borrowing limit, gold and oil have moved in different directions. Oil prices rose in Monday morning’s Asian trading session as the world's largest oil consumer reached a deal to avert a default on its...

With President Joe Biden and House Speaker Kevin McCarthy reaching a tentative deal on the borrowing limit, the bond market's concerns seem to have shifted from the possibility of default to the deluge of Treasury Bills expected to hit the market, impacting short-term borrowing rates. The Treasury...

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...