debt ceiling

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...

Treasury yields are experiencing heavy volatility as a debt ceiling agreement continues to be delayed with less than a week until the U.S. government risks running out of money to make payments. On Monday night, House Speaker Kevin McCarthy said that he had a "productive discussion"...

Game theory may offer some clues to Wall Street's tremendous resilience to the ongoing debt ceiling crisis that has continued into the fourth week of May despite the Treasury Department's repeated warnings that it may run short of cash as early as June. "Investors shouldn't be seeking to game the...

Democratic presidential candidate Marianne Williamson has criticized House Speaker Kevin McCarthy's resolution on spending cuts saying it's the poor he wants to pay for his notion of fiscal responsibility. "You, Mr. Speaker, are more than happy to spend "money we don't have" as long as it's on tax...

Rep. Matt Gaetz (R-Fla.) brushed off talk about House Speaker Kevin McCarthy's (R-Calif.) speakership being in danger as he tries to strike a compromise with President Joe Biden on the debt ceiling. What Happened: Gaetz said on Twitter on Monday, "Literally nobody except the press is talking about...