Today news
About the same in other media
This Is What Might Happen if the US Defaults on Debt
Reading now: 315
cryptonews.comMichael Humphries, Deputy Chair of Business Administration, Touro College.______
Congress has seemingly kicked the debt ceiling deadline down the road – but the threat of a future default still exists.
On Oct. 7, 2021, lawmakers in the Senate agreed to extend the government’s ability to borrow until December. It came after Senate Minority Leader Mitch McConnell offered a temporary suspension to the debt limit, averting a default until at least December. But at that point, Democrats would have to find a way to raise the debt ceiling on their own – something they’ve said they won’t do.
This isn’t the first time Republicans have resisted helping a Democratic president raise the debt ceiling.
As an economist, I know that this political game of
Read more on cryptonews.comAbout this in other media
The Tories lied their way to Brexit. What is this but sleaze? theguardian.com /2 years ago
Panto’s back, oh yes it is: UK theatres hope for revival after Covid fallout theguardian.com /2 years ago
Europe must ban Bitcoin mining to hit the 1.5C Paris climate goal, say Swedish regulators euronews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
