US Debt Default Could Spark Catastrophe, Mass Unemployment: Yellen
"Since 1789, the United States has paid all of our bills on time, and it should stay that way," Treasury Secretary Yellen said.
Source: businessinsider.com
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How banks can avoid bad haircuts on hedge fund trades
HSBC quant makes case for looking at collateral and funding rates in concert
Source: risk.net
US Debt Ceiling Talks Heat Up with Republican Demands for Spending Cuts
Republican House Speaker Kevin McCarthy vowed Monday to pass legislation to lift the US debt ceiling -- but only with federal spending caps. The United States hit its $31.4 trillion borrowing limit in January, prompting the Treasury to take "extraordinary measures" that allow it to continue financing the government's activities. But if the debt ceiling is not raised or suspended by Congress before current measures are exhausted, the US government risks defaulting on payment obligations as early as July.
Source: news18.com
Half a trillion in debt haircuts essential for sustainability: study
LONDON: Up to half a trillion dollars in debt needs to be written off to help developing nations at greatest risk of...
Source: brecorder.com
A possible way forward–I - Opinion - Business Recorder
Pakistan today is perilously close to declaring its inability to settle its external debt obligations. Default. What...
Source: brecorder.com