Debt-Ceiling Deal Does Little to Change Direction of Federal Spending, Economy
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Government Borrowing
Biden, McCarthy Strike Debt-Ceiling Deal ‘in Principle’
Republicans and Democrats will now race to pass the agreement to raise the nation’s $31.4 trillion borrowing limit for two...
Municipal Bond Issuers on Edge as Debt Ceiling Deadline Nears
City and state governments fear a potential surge in borrowing costs and curtailed federal spending. Source link
Debt-Ceiling Fight Comes Down to Spending: Freeze or Cut?
Conservatives are pushing House Speaker Kevin McCarthy for deep reductions, while the White House is offering a spending freeze. Source...
Treasury Chief Janet Yellen Says U.S. Risks Default as Soon as June 1 Without Debt Ceiling Increase
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Republicans, Democrats Clash Over Linking Aid for Poor Americans to Work
Proposed restrictions on federal aid are among several demands Republicans are making in exchange for raising the nation’s borrowing limit....
Janet Yellen Pushes China on Debt Relief for Zambia
The Treasury secretary, during a three-country trip to Africa, pursued a crucial test of a U.S.-backed effort to help developing...
WSJ News Exclusive | Janet Yellen Dismisses Minting $1 Trillion Coin to Avoid Default
Treasury Secretary says the Federal Reserve likely wouldn’t accept a platinum coin if one were minted in an effort to...
Janet Yellen Says Treasury Can’t Prevent Default if U.S. Breaches Debt Limit
PoliticsMissing a payment on any government obligation would constitute default, Treasury secretary says Source link
Elevated Inflation Presents Risk to U.S. Economy, Fed Report Finds
EconomyCentral bank identifies near-term threats in Financial Stability Report Source link
U.S. Deficit Shrank Last Fiscal Year, but Is Poised to Widen as Economy Slows
The U.S. budget deficit narrowed last year, but a cooling economy and rising interest rates put it on track to...
U.K. Treasury Chief Jeremy Hunt Looks to Reassure Markets With New Tax Plan
LONDON—New U.K. Chancellor Jeremy Hunt will make a statement later Monday, unveiling new public spending and tax policies as he...
Fed’s Lael Brainard Warns on Inflation, Financial Stability Risks
A senior Federal Reserve official warned of the risks that additional inflationary shocks could lead the central bank to raise...
U.K. Market Woes Threaten Economic and Political Crisis
The U.K. continued to try to stave off a financial and economic crisis on Wednesday as the country’s central bank...
Fed Rate Decision Sends U.S. Treasury Yields in Different Directions
Shorter-term Treasury yields ticked higher while longer-term yields fell Wednesday after the Federal Reserve signaled interest rates will likely climb...
Federal Government Could Be Unable to Pay Bills as Soon as Dec. 15, Yellen Says
The U.S. government could run out of resources to meet the nation’s obligations as soon as Dec. 15, Treasury Secretary...
Federal Deficit Narrowed in October, Ahead of Debt-Ceiling Debate
The federal government ran a $165 billion deficit during October, a smaller gap when compared with a year earlier, as...
House Approves Extension of Debt Ceiling Into December
WASHINGTON—The House on Tuesday voted along party lines to raise the U.S. borrowing limit into December, as Democratic lawmakers wrestled...
Governments World-Wide Gorge on Record Debt, Testing New Limits
The pandemic has pushed global government debt to the highest level since World War II, surpassing the world’s annual economic...
U.S. National Debt Is Likely to Reach a Record 202% of GDP by 2051, CBO Projects
A sign displaying the size of the national debt in Washington, D.C., on April 29, 2020. Photo: Andrew Harnik/Associated Press...
