Stay updated with breaking news from Ex Date. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
An analysis that the debt limit deal would expand food stamp spending is solidifying opposition to the bill among some conservative Republicans.
Financial officers are concerned about the plan moving forward should the United States fail to reach a deal on the debt ceiling as the “X-date” approaches.
Earlier, Treasury Secretary Yellen pushed back the debt ceiling deadline to June 5, but warned there would be consequences for waiting until the last minute to avoid default.
The X-date occurs when the government no longer has enough of financial reserves to pay all its bills, having used up all of its 'extraordinary measures'. As per Treasury Secretary Janet Yellen, the US could default by 5 June if there's no deal to raise legal borrowing limit to support bill paying
Nikkei is up 0.7% this week week, for a seventh weekly gain in row, on momentum from foreign inflows