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The debt ceiling, which caps how much money the Treasury can owe to pay the country’s bills, was reestablished earlier this month after being suspended for the past year and half. The national ...
For about 48 hours last week, it looked like a debt ceiling fight in 2025 would be averted, as ideas were floated to postpone the issue until 2027 or 2029 (or even forever). But it was not to be.
Standard & Poor’s downgraded US debt one notch after a debt-ceiling standoff in 2011. Fitch did the same after a similar showdown in 2023 , and Moody’s changed its US ratings outlook to ...
Since the debt ceiling system was instituted in 1917, Congress has never not raised the debt ceiling. Congress has voted 78 times to raise or suspend the debt limit since 1960.
If politicians don’t listen to the CEOs and economists telling them to hurry up and resolve the debt-ceiling crisis, a more formidable master may intervene: the stock market.
"In years in which debt ceiling drama has occurred in the context of other major problems in the market (i.e., 2011, 2015-2016, 2018), the hits have ranged from 10% to 19%."
The federal government is due to reach its debt limit on Dec. 15, meaning payments and services that affect millions of Americans might have to be reduced or shut down if Congress doesn't do ...
As seems to happen every couple of years at this point, Capital Hill is abuzz with discussions of whether the U.S. will default on its debt. In fact, if the debt ceiling isn't raised this summer ...