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Financial experts advise investors to not panic, reduce debt and build savings.
Every day there’s a warning about how catastrophic a default on the national debt would be. What’s it going to take to avoid that?
Half a million jobs could be lost in the second-biggest state economy. Pensioners, the food insecure and many others could suffer.
Federal tax revenue is coming in short while the debt ceiling remains unresolved. The problem was signaled by meager refunds.
The exact amount left from pandemic spending bills could be as little as $30 billion — a fraction of this year’s federal deficit.
Stock markets aren’t upset by the debt limit debate. But that could change as the June 1 default deadline draws closer, analysts say.
The treasury secretary urges Congress to protect nation’s “full faith and credit” by raising the government’s borrowing authority.
Reining in our debt amid the debt ceiling battle would require big — and painful — changes to government spending and taxation.
The phrase “debt ceiling” brings some people right back to 2011, when the U.S. also went down to the wire.
Fed Chair Jerome Powell testifies on Capitol Hill tomorrow and Wednesday. President Biden is set to release a budget outline on Thursday, and we get February jobs numbers this Friday.