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May 23, 2023
Even if the US misses the X-date but continues repaying investors, the consequences of the political failure to reach agreement would likely ripple through global markets.
May 23, 2023
The U.S. Treasury Department reiterated Monday it expects to be able to pay the U.S. government's bills only through June 1 without a debt limit...
May 22, 2023
President Joe Biden and Republicans in Congress have resumed crunch talks aimed at averting a damaging US debt default, which Treasury officials recently warned could come as early as June 1.
May 22, 2023
What happens if the US fails to raise its debt ceiling?
May 22, 2023
President Joe Biden and Republicans in Congress have resumed crunch talks aimed at averting a damaging US debt default, which Treasury officials recently
May 5, 2023
The recent banking crisis in the United States has led to widespread concerns of a looming credit crunch and the negative effects that it will have on American families and businesses as well as [...]
April 26, 2023
Right now, financial institutions all over America are getting really tight with their money.ย That means that less credit will be available for consumers and businesses, and that will mean less economic activity in the months ahead.ย
April 22, 2023
None Citis Nathan Sheets says the US may be headed for a credit crunch. โข None Such a scenario could deepen an economic downturn and ensure a more prolongedโฆ
April 21, 2023
Citis Nathan Sheets sees a looming recession and potential credit crunch. Bloomberg TV Citis Nathan Sheets says the US may be headed for a credit crunch.โฆ
April 21, 2023
A lending squeeze is a "very significant wild card [with] a downside risk that we are very, very focused on," top economist Nathan Sheets said.