Analysis-Risk of US downgrade still on the cards despite debt deal
By Davide Barbuscia NEW YORK (Reuters) -While a U.S. default on its debt has been averted, the possibility of another credit rating downgrade remains, as ...
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By Davide Barbuscia NEW YORK (Reuters) -While a U.S. default on its debt has been averted, the possibility of another credit rating downgrade remains, as ...
Republicans insisted for months that any deal to raise the debt limit must come with sharp reductions in government spending.
(Reuters) - Having navigated the financial crisis of 2008, Neel Kashkari worries about systemic risks. But now, as a U.S. monetary policymaker, he worries even more about inflation. | 06:15am
Congress and the White House failing to reach a deal on the debt ceiling could mean a default, missed Social Security and Medicare payments, a recession, a stock market slide, and economic chaos.
On Friday, President Biden received an update from his designated negotiating team on prog