Fedwire Securities News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Reuters) - The U.S. Treasury Department is at risk of defaulting on its debt if Congress doesn't act to lift the debt ceiling before it is reached, which could happen as soon as June 1. For holders of Treasury bills, notes and bonds, that raises uncertainty over whether the issues they hold will be affected, and what happens if the debt is not repaid or an interest payment is skipped. | May. 25

The U.S. Treasury Department is at risk of defaulting on its debt if Congress doesn't act to lift the debt ceiling before it is reached, which could happen as soon as June 1. For holders of Treasury bills, notes and bonds, that raises uncertainty over whether the issues they hold will be affected, and what happens if the debt is not repaid or an interest payment is skipped.

A look at the potential problems

By Karen Brettell (Reuters) - The U.S. Treasury Department is at risk of defaulting on its debt if Congress doesn't act to lift the debt ceiling befor...

The central bank is budgeting initial losses for its long-anticipated instant payment system, which is scheduled to debut next summer.