Defau Default News Today

Telling their government they dont want to leave the european union without a deal in place. however that is the legal defau default. so this is just considered an advisory vote and the default is still march 29. members of parliament cannot agree to theresa mays deal that she negotiated with the european union. tonight there will be another vote. theresa may will put forward to the house of commons a vote asking them to agree to vote to possibly once again to her withdrawal agreement so that th...

Never go into default. if you look at our poll, a majority of republicans, 52%, say they are okay with not raising the debt ceiling. politicians, republican politicians have focused on the government spending more than it takes in for so long that many people equate that wrongly. >> i want to bring in keith mcculley. we turn to him. keith, the big bank ceos and the president singing the same song. he called them fat cat bankers. >> there is a precedent for a government shutdown. there is no prec...

homeowners to refinance high-interest mortgages at these rock-bottom interest rates. who qualifies? homeowners who have mortgages backed by fannie mae and freddie mac. you must be current on your payments. and youll now be able to refinance no matter how much you are under water on that home. this lifts a previous limit of 125% loan-to-home value ratio. the program also aims to streamline the refinancing process, please, and reduce and eliminate fees. im joined now by lynnette cox, bob...

spending cuts in ten years. reid would hike the debt by $2.7 trillion now and mandate an equal amount of cuts. but the congressional budget office says the boehner plan would trim spending by $850 billion, and the reid plan by $2.2 trillion. boehner went back to the board and postponed the vote that was supposed to happen today. reids plan cant pass the house, and not only is boehners plan doomed in the senate, a great many house republicans dont like it either. so what happens now? we...

house. he is inside of the courthouse in winston salem courthouse. and you can see it in the bottom right-hand corner of the screen, but we are expecting john edwards along with the defense attorney to walk in front of a crowd of reporters, and we will bring it to you live as soon as we see it, but i know that my pal, joe johns, has been out there off and on covering the story, and he has literally walked outside of the courtroom. joe, first, talk me through what you have just experien...

If we dont raise the debt ceiling the government cannot issue new debt. we take in 60 cents for every dollar we spend. we spend 40% more than we take in. you can choose to not pay the interest on your current debt, which amounts to effectively a defau default. how would the markets react to that. >> thats bad. >> we think so. >> okay. >> currently the u.s. used as a safehaven. would markets continue to think of us that way? we dont know. the second choice is more scary to me, that is we have to ...

>> we have over 50 tlts in unfunded liabilities, medicare, medicaid, all unsustainable. i think we need to do something in connection with the decision to raise the debt ceiling. it deals with the debt. both medium and short-term, medium term and long-term. that what it would take to get my vote. >> a cnn contributor, secretary geithner said not raising the debt ceiling would be catastrophic for the economy. now, he concedes no one knows for certain what could happen in the event that ...