Page 7 - Debt Ceiling Issue News Today

That move showed more than anything that political problems associated with setting fiscal policy in this country could have a tangible downside result. now ultimately, as we all know, the debt ceiling debacle back then along with all of the other ones in u.s. history have been resolved, albeit at the 11th hour, kind of like whats happening now. whats absent, though, in the current scenario as opposed to the one back in 2011, is the market volatility. some will remember that there was a sharp dr...

Those higher interest costs over the medium and longer term could result in billions and billions of dollars in terms of a drag on the u.s. economy, and those drags could last well into the future because, lets be honest, this is all going to happen again the next time theres a debt ceiling issue and along a similar vein, all of that could come into play for better or worse. the way that americas current budget and appropriations process is set up, these are the types of battles that pop up. eac...

Trip. the president and his team are very committed to talking to americas friends and being there in this time of uncertainty vis-a-vis china. >> reporter: yeah. and all the discussions about how the trip would proceed. the g7 was the stop that they really did want to maintain. the president really wanting to get around the table with these other leaders to ensure that they are on the same page. when it comes to ukraine or china. certainly the debt ceiling issue will come up. there is no more p...

Going to get embarrassed in the future. mccarthys a little different. he needs every vote he can get, especially with the debt ceiling issue and others. >> its not a good time when your staff turns on you. the communications director for george santos sent a resignation letter. heres part of what she wrote. >> with respect for my colleagues, the people of new york, and most importantly myself, i am honored to tender my resignation. you never took one point of professional advice given. i mean, w...

Biden had to cut short his itinerary because of this. lets bring in a correspondent who is in hiroshima for us as if they did not have enough to talk about with this debt ceiling issue, its something else they have to discuss. yes, welcome _ else they have to discuss. yes, welcome to _ else they have to discuss. yes, welcome to hiroshima - else they have to discuss. yes, welcome to hiroshima and - else they have to discuss. ye: welcome to hiroshima and things are about to get under way very shor...

Coming days. they have agreed that the country will _ coming days. they have agreed that the country will not - that the country will not default. the consequences would be dire for the american economy and all sites are confident that they will be able to get a deal done. but negotiations are getting down to the wire. in that kind of uncertainty is never good for financial markets. the leaders for some of the richest countries in the world are preparing to meet in the japanese city of hiroshima...

40% over the, it went up 40% under my predecessor. and that is the problem we are dealing with today. i might note parenthetically, in my first two years i have reduce the debt by $1.7 trillion. no president has ever done that. i told congressional leaders that i am prepared to begin a separate discussion about my budget and spending priorities, but not under the threat of default. . . , but not under the threat of default. . ., , g ., �* default. that was joe biden there, speaking _ default. ...

Early with katrina al, a senior analyst at moodys and she said we need to find a solution as soon as possible. i we need to find a solution as soon as possible.— we need to find a solution as soon as possible. i thinkjanet yellens warning _ soon as possible. i thinkjanet yellens warning crystallises l yellens warning crystallises that congress and the us government really does need to put their best foot forward and get this debt ceiling issue sorted as soon as possible. at the end of the day,...

At moodys said we need a solution as soon as possible. i think her warning really does crystallise the importance that congress and the us government really does need to put their best foot forward and get this debt ceiling issue sorted as soon as possible. at the end of the day, the global economy and the day, the global economy and the us economy has gone through a lot over the past three years, and this isjust a lot over the past three years, and this is just another potential really bad situ...

President Biden deploying 1,500 soldiers to the southern border amid reports of a surge of migrants expected to cross when Title 42 expires.