Debt

Robert Reich, the former US Secretary of Labor, called on the government to bypass Congress in order to unilaterally raise the debt ceiling. The US Constitution gives President Biden the power to ignore this debt limit, Reich says,…

© Reuters. FILE PHOTO: US dollar and euro banknotes are shown in this illustration taken on July 17, 2022. REUTERS/Dado Rović/Illustration/File photo By Amanda Cooper LONDON (Reuters) - The dollar swung on Wednesday after U.S.…

breadcrumb links PMN Business Article author: Posted May 09, 2023 • 2 minutes to read Article content SINGAPORE - The dollar weakened broadly on Wednesday after US President Joe Biden and top lawmakers…

US President Biden was giving his take on the debt ceiling talks:Biden also added that he would be open to considering using the Fourteenth Amendment. explainer:The Fourteenth Amendment to the United States Constitution was adopted in…

© Reuters. FILE PHOTO: US dollar banknotes are shown in this illustration taken on July 17, 2022. REUTERS/Dado Ruvic/Illustration Written by Ian Withers LONDON (Reuters) - The dollar rose against major currencies on Tuesday as…

Bitcoin bulls have had a good year so far. If the US defaults on its debt, it could get better, at least in terms of its investment in bitcoin. This is according to Jeff Kendrick, Head of Digital Asset Research at Standard Chartered.…

Former US Secretary of State Hillary Clinton warned that a US default on its debt obligations could lead to a global financial collapse. She stressed that "if Congress continues to court defaults, calls to isolate the dollar as the…

Economy Debt payments exceed current state expenditures Tuesday, April 25, 2023 Cabinet Secretary Professor Nguguna Ndongo with Principal Secretary Dr Chris Kiptu. file image | NMG Debt repayments for the first nine months…

breadcrumb links PMN Business Article author: Posted April 20, 2023 • 3 minutes to read Article content NEW YORK - The debt ceiling battle looms large in the United States again, giving investors yet another…

For some context, the deadline for this is currently early June, and the can is usually on the way. We'll likely see Yellen announce a revised date in the near future on this matter.However, JPMorgan says it expects both the debt ceiling…