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BBCNEWS World July 6, 2024

programme. "there will no be default." those were the words of president biden on thursday as he hailed what he called "productive" talks with his political rivals โ€” as the clock ticks on the countrys finances. he is trying to avoid hitting the debt ceiling. the us government is set to hit its borrowing limit of $31.4 trillion next week, raising fears it could run out of money to pay its bills without a deal to increase the debt ceiling. from new york, michelle fleury reports. with j...
Bbc News Central London Biden Doesn T Debt Limit Raising America Banking Crisis

BBCNEWS World Business Report June 4, 2024 04:32:00

Failure to reach an agreement could have global implications. fitch โ€” one of the major credit rating agencies โ€” warned of a potential downgrade to the us credit rating if a deal isnt done. the us treasury department seized on this, saying it underscored the need for swift bipartisan action. the biggest sticking point remains spending โ€” if they dont cut enough, they wont win over republicans. but if they do too much, theyll lose some democrats who say they dont want to see cuts to social pr...
Us Treasury Department Credit Rating Deal Isn T Credit Rating Agencies Raising America Sticking Point

BBCNEWS World Business Report June 4, 2024 04:36:00

Paying bills. i dont think they really want to test that. if they do that, i think the implication of your question is what does that do to the economy? a really good job of trying to engineer a soft landing so far, but i dont think they have had a lot of credit. whether they continue to do so or not will be very difficult and this certainly would not help and could plunge it into a very severe recession.โ€” it into a very severe recession. . ~ , ., , it into a very severe recession. ., ~ , ., ,...
Dory Wiley Raising America Investment Banking Firm Commerce Street Holdings In Dallas Dory Recession Banking Crisis Sandwich Industry

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