Us Debt Default News Today

If the US doesn't adjust fiscal policy, markets could have a reaction similar to the UK's 2022 financial crisis, Wharton professor Joao Gomes said.

As the US relies on deficits for growth, debt will continue to compound, making it a serious problem the coming decade, Bill Gross said.

Concerns about the deficit have fueled the Treasury-bond market meltdown of the past few weeks. These charts show why Wall Street is worried.

"Under unchanged policies, debt dynamics in the US are very unfavorable," according to the International Monetary Fund.

US federal debt has skyrocketed over recent years, triggering fears the worlds biggest economy could slump into recession and have a huge impact on global stock markets.

Government spending cuts are about to mount more pressure on corporate earnings, Glenmede warned in a note on Monday.

Fitch Ratings said on Friday the United States AAA credit rating would remain on negative watch, despite the agreement that will allow the government to meet its obligations

WASHINGTON, June 2 — US senators raced yesterday to pass a bipartisan debt limit deal approved overwhelmingly by the House of Representatives, with the worst-case scenario of an...

US lawmakers voted Wednesday to raise the national borrowing limit as a crucial first step to averting a catastrophic default.

Investors were jittery as they awaited for lawmakers to vote on a potential resolution to the debt ceiling crisis.