Stock and bond trading suggest that investors see an imminent deal to raise the debt limit and prevent the federal government from defaulting.
Tag: Yellen, Janet L
-
Yellen Warns of Missed Payments if Debt Limit Is Not Lifted
The Treasury secretary said the Biden administration would face “very tough choices” if Congress did not act.
-
The Civil War’s Lessons for Avoiding Default
President Lincoln and Republicans in Congress recognized that preserving America’s credit was the key to financing the Civil War, and therefore to the government’s survival.
-
U.S. Faces ‘Elevated Risk’ of Default in Early June, a New Report Warns
The Bipartisan Policy Center said the government will be operating on “dangerously low” cash reserves after Memorial Day in its estimate of the so-called X-date.
-
An A.I.-Generated Picture Stokes a Stock Market Plunge
A stock sell-off driven by a since-debunked picture underscored fears about how artificial intelligence could be used for nefarious purposes with big consequences.