“Confident” In Reaching Deal To Avert US Debt Default, Says Joe Biden

[ad_1] Joe Biden confirmed Wednesday that he was cutting short a wider tour to the Asia-Pacific region. Washington: President Joe Biden said Wednesday he is confident a deal can be reached with Republicans leaders to avert a potentially catastrophic US debt default as early as June 1. “The leaders have all agreed we will not … Read more

How Banks And The Fed Are Preparing For A US Default – And Chaos To Follow

[ad_1] The doomsday planning is due to a lack of progress in talks between Joe Biden and House Republicans Houston: Convening war rooms, planning speedy bailouts and raising house-on-fire alarm bells: Those are a few of the ways the biggest banks and financial regulators are preparing for a potential default on U.S. debt. “You hope … Read more

Debt Ceiling: Will The US Default On June 1? What Will Happen If It Does? An Explainer

[ad_1] The Joe Biden government has less than a month to raise the US debt ceiling. A crucial meeting between US President Joe Biden and the House and Senate leaders of both the parties on Tuesday to discuss budget priorities and raise the debt ceiling limit ended with no agreement. This is not a good … Read more