Page 2 - Debt Ceiling Default News Today

Consumer confidence data, job openings, jobless claims all leading up to mays critical jobs report on friday. so what happens in washington affects everyone including those looking to buy a home. mortgage rates rose last week, debt ceiling drama stoking uncertainty. and joining us at the desk is bess friedman from a real estate agency. nice to see you this morning. >> good morning, great to see you. >> economists say the resilient u.s. economy and all the drama around the debt ceiling raised m...

Ceiling drama and talk about what the feds next move might be here. >> the federal reserve will be meeting in the middle of june to consider once again whether to raise interest rates. there is ongoing inflation, prices still too high, ongoing fears of a verecession. federal reserve could be deciding whether to raise interest rates for one last time or decide to pause and let high borrowing costs work their way through the economy that has been the real focus of so much economic focus the past c...

Day weekend. i think this bill is reasonable, it is responsible, i also think it is realistic. both sides can get what they wanted, they got somewhere in the middle. that is how america is supposed to govern. that is what james madison set up. so i think we finally have some grown-ups in the room, and felt a compromise that reaches in the middle, it doesnt cut as much as many republicans wanted, but many democrats dont want anything cut. this is kind of in the middle. and i think this is the way...

As the United States continues to careen towards a debt default, the dire predictions coming from the financial sector and the government grow larger on the horizon.

Lawmakers in Washington have less than a week to reach a deal on the debt ceiling before the country runs out of money to pay its bills.

The White House conceded the prospect of a default has been a topic of discussion for President Joe Biden and his aides at the Group of Seven leaders meeting in Japan.

Leaders. we did get an update from the president a short time ago. >> it goes in stages. what happens is first meetings werent all that productive. ing second ones were. third one was. what happens is the carriers go back to the principals and say this is what were thinking about. then people put down new claims. i still believe that well be able to avoid a default and well get something decent done. >> reporter: the president making the remarks sitting next to the australian prime minister. the...

A sizable majority of people think recipients of Medicaid or food stamps should have work requirements, including about half of Democrats.

Sen. John Fetterman (D-PA) joined 10 other senators in a press conference Thursday to pressure President Joe Biden into using the 14th Amendment.

The country is embroiled in its most risky debt ceiling standoff in more than a decade, and Treasury officials are working both publicly and behind the scenes to prepare.