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Raising the Debt Ceiling

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Marketplace

If faith is lost in our full faith and credit

May 26, 2023
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Raising the Debt Ceiling

Debt ceiling deadline is extended to June 5, later than previously estimated, Yellen says

by Associated Press
May 26, 2023
Treasury Secretary Janet Yellen said Friday the projected debt ceiling deadline is extended to June 5, four days later than previously estimated.
Treasury Secretary Janet Yellen Yellen said in letter to Congress that inaction on raising the U.S. debt limit would “cause severe hardship.”
Alex Wong/Getty Images
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Marketplace Morning Report

Hopes rising in Washington for a done debt deal

May 26, 2023
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National Debt

Where does the US credit rating come from?

by Kai Ryssdal and Andie Corban
May 25, 2023
Atsi Sheth from Moody's gives us a behind the scenes look into the company's ratings process.
"In the most basic terms, a credit rating is really an opinion on the credit quality of any entity that borrows on the debt capital markets," said Atsi Sheth at Moody's Investors Service.
Emmanuel Dunand/AFP/Getty Images
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National Debt

When will the U.S. run out of money? It’s tough to say.

by Justin Ho
May 25, 2023
Predicting the exact timing of a government default is difficult, given the amount of the variability in government spending and revenue.
Even Treasury Secretary Janet Yellen admitted it’s hard to be exactly sure when a default could happen.
Alex Wong/Getty Images
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Marketplace Morning Report

Which dominoes fall first if the debt ceiling is breached?

May 23, 2023
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Raising the Debt Ceiling

Work requirements for SNAP over 50 included in debt ceiling talks

by Ali Budner
May 23, 2023
Some Congressional Republicans want older Americans to prove that they work or are looking for work to get those benefits.
A sign alerting customers about SNAP food stamps benefits is displayed at a Brooklyn grocery store in New York City.
Photo by Scott Heins/Getty Images
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National Debt

What happens to benefit checks if there's no deal on the debt ceiling?

by Samantha Fields
May 23, 2023
Supplemental Security Income payments and veterans 'payments could be among the first checks to be delayed.
Speaker of the House Kevin McCarthy is scheduled to meet with President Joe Biden to continue debit limit negotiations. Experts agree that a default would cause a massive pause on regular government payments to individuals in need.
Chip Somodevilla/Getty Images
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Marketplace

What's really at the heart of the debt limit debate?

May 22, 2023
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National Debt

The messy money reality at the center of the debt ceiling fight

by Kai Ryssdal , Richard Cunningham and Maria Hollenhorst
May 22, 2023
Raising the federal government’s borrowing limit isn’t about spending. It’s about how money works.
Unless the White House and Congressional leaders can make a deal to lift or suspend the debt limit, the U.S. could default on its debts as soon as June 1.
Anna Moneymaker/Getty Images
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