Clock ticks down on what US government says is a June 1 'X-date' for it to run out of money and trigger likely devastating economic upheaval as tug-of-war between Republicans and Democrats continues
Treasury Department reportedly asks federal agencies to look into the feasibility of deferring scheduled payments if the US blows through the debt ceiling. / Photo: Reuters
House Speaker Kevin McCarthy on Wednesday has said the debt default standoff was"not my fault" after he sent Republican negotiators to the White House to finish the talks, while the White House blamed Republicans led by McCarthy for risking a devastating default that would hit"every single part of the country".
While the probability that policymakers fail to lift or suspend the debt ceiling remains low, the risks of the United States stumbling into a situation where it cannot meet all its financial obligations — known as the"X-date", rises with every day that passes.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
These Were the Top Baby Boy, Girl Names in Illinois For 2022, Social Security Administration SaysAs it turns out, the top baby boy and girl names for Illinois have been the same for the past 10 years. Can you guess what they are?
Lire la suite »
'It’s not their money’: Older Americans worried debt default means no Social SecurityThe consequences of a debt default could be dire, including for older Americans who need the money to pay for basic needs such as food, housing or health care costs.
Lire la suite »
House Dems Announce Bill to Expand Social Security as GOP Default Threat Imperils Payments'No corner of America is safe if the Republicans blow up our economy, and that starts with Social Security,' said Rep. BillPascrell.
Lire la suite »
717,000 Black children could be missing out on Social Security paymentsThe gap in eligibility for Black children obtaining survivor benefits has been the subject of little public discussion by SSA, likely in part because data detailing the racial breakdown of beneficiaries has been incomplete for decades.
Lire la suite »
MCSO: Negotiators detail intense and emotional moments during Saraland standoffFOX 10 News exclusively sat down with the negotiators to get their first-hand account.
Lire la suite »