Page 13 - Debt Ceiling Issue News Today : Breaking News, Live Updates & Top Stories | Vimarsana

That move showed more than anything that political problems associated with setting fiscal policy in this country could have a tangible downside result. now ultimately, as we all know, the debt ceiling debacle back then along with all of the other ones in u.s. history have been resolved, albeit at the 11th hour, kind of like what's happening now. what's absent, though, in the current scenario as opposed to the one back in 2011, is the market volatility. some will remember that there was a sharp drop in the stock market in the weeks leading up to the resolution of the debt ceiling issue with th...

Those higher interest costs over the medium and longer term could result in billions and billions of dollars in terms of a drag on the u.s. economy, and those drags could last well into the future because, let's be honest, this is all going to happen again the next time there's a debt ceiling issue and along a similar vein, all of that could come into play for better or worse. the way that america's current budget and appropriations process is set up, these are the types of battles that pop up. each time we run into a so-called cliff situation, fiscal, debt ceiling or otherwise, the brinksman ...

Trip. the president and his team are very committed to talking to america's friends and being there in this time of uncertainty vis-a-vis china. >> reporter: yeah. and all the discussions about how the trip would proceed. the g7 was the stop that they really did want to maintain. the president really wanting to get around the table with these other leaders to ensure that they are on the same page. when it comes to ukraine or china. certainly the debt ceiling issue will come up. there is no more pressing issue at the moment. so you can expect that the president will be talking about that around...

Going to get embarrassed in the future. mccarthy's a little different. he needs every vote he can get, especially with the debt ceiling issue and others. >> it's not a good time when your staff turns on you. the communications director for george santos sent a resignation letter. here's part of what she wrote. >> with respect for my colleagues, the people of new york, and most importantly myself, i am honored to tender my resignation. you never took one point of professional advice given. i mean, we should say she had been caught on tape saying she hoped santos would get kicked out of congress...

Biden had to cut short his itinerary because of this. let's bring in a correspondent who is in hiroshima for us as if they did not have enough to talk about with this debt ceiling issue, it's something else they have to discuss. yes, welcome _ else they have to discuss. yes, welcome to _ else they have to discuss. yes, welcome to hiroshima - else they have to discuss. yes, welcome to hiroshima and - else they have to discuss. ye: welcome to hiroshima and things are about to get under way very shortly between the worlds richest countries. but what you're saying here by the us debt ceiling, it d...