Page 2 - Us Default News Today

Nvidia CEO Jensen Huang's company is riding the A.I. wave to a nearly trillion-dollar valuation.

Consumer Confidence hits 6-month low Nvidia joins the $1 Trillion club Treasury Yields tumble on debt deal optimism; 10-year falls 11.4 bps to 3.685 Wa

TOPEKA (KSNT) - The clock is ticking for Congress to pass a debt ceiling deal. If it fails, Kansas, like other states, could be in a tough spot, according to economic experts.

President Joe Biden and House Republicans have reached a deal to raise the governments debt ceiling and avert a devastating default. Here are the key takeaways from the agreement, which still needs to be approved by a divided Congress in a vote on Wednesday

US lawmakers unveiled the text of a bill on countrys debt ceiling. The agreement raises the debt ceiling until 2025 and imposes spending caps on non-defense discretionary spending.

“Janet Yellen is going to start restocking cash balances, from currency $50 billion to possibly $600-700 billion over the next three months,” explains Ritesh Jain of Pine Tree Macros.

European stock indexes edge lower as euro zone bond yields drop. News of a U.S. debt ceiling deal keeps Wall Street futures positive.

The deal would avert an economically destabilising default, so long as they succeed in passing it through the narrowly divided Congress before the Treasury Department runs short of money to cover all its obligations

US President Joe Biden and top congressional Republican Kevin McCarthy have come to a preliminary agreement to increase the federal governments debt ceiling but there are significant hurdles in the way to securing Congress nod

A potential debt ceiling deal reached between President Biden and Speaker Kevin McCarthy has faced criticism from key Democrats, including those crucial to finalizing the agreement.