Without a higher debt ceiling, the U.S. federal government will begin to not meet all its spending obligations by the start of June, prompting a default by mid-month, if not somewhat sooner. Biden and McCarthy are to resume talks to avert such a crisis today. Fed Chairman Powell again insinuated that banking system strains could […]
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Author Of this post: larrygreenberg
Title Of post: U.S. Debt Ceiling Standoff Into the Eleventh Hour
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