Default Odds News Today

An analysis that the debt limit deal would expand food stamp spending is solidifying opposition to the bill among some conservative Republicans.

The standoff over the debt ceiling is raising the prospect of default and sending yields on certain Treasury bills soaring.

The Treasury Department is reportedly preparing a contingency plan for prioritizing payments on the governments obligations if stalled negotiations end up with the U.S. breaching its debt ceiling.

Even as the deadline to act inches closer, political pressure and the political fallout of a default means that lawmakers will likely come to a debt ceiling agreement before the worst happens.