Page 3 - Debt Ceiling Default News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Consumer confidence data, job openings, jobless claims all leading up to may's critical jobs report on friday. so what happens in washington affects everyone including those looking to buy a home. mortgage rates rose last week, debt ceiling drama stoking uncertainty. and joining us at the desk is bess friedman from a real estate agency. nice to see you this morning. >> good morning, great to see you. >> economists say the resilient u.s. economy and all the drama around the debt ceiling raised mortgage rates. remind our viewers why a debt ceiling default would be so bad for the housing market...

Ceiling drama and talk about what the fed's next move might be here. >> the federal reserve will be meeting in the middle of june to consider once again whether to raise interest rates. there is ongoing inflation, prices still too high, ongoing fears of a verecession. federal reserve could be deciding whether to raise interest rates for one last time or decide to pause and let high borrowing costs work their way through the economy that has been the real focus of so much economic focus the past couple of years. it would be a help to the central bank to not have to deal with the debt ceiling de...

Day weekend. i think this bill is reasonable, it is responsible, i also think it is realistic. both sides can get what they wanted, they got somewhere in the middle. that is how america is supposed to govern. that is what james madison set up. so i think we finally have some grown-ups in the room, and felt a compromise that reaches in the middle, it doesn't cut as much as many republicans wanted, but many democrats don't want anything cut. this is kind of in the middle. and i think this is the way it was supposed to work. >> congressman, the only issue is the way that is supposed to work, if y...

As the United States continues to careen towards a debt default, the dire predictions coming from the financial sector and the government grow larger on the horizon.

Lawmakers in Washington have less than a week to reach a deal on the debt ceiling before the country runs out of money to pay its bills.