US Debt Ceiling Soars as Crypto Tax Nixed – Controversial Bill Finally Passes!
In a dramatic turn, the United States debt ceiling bill recently received approval from the House, effectively sidestepping the contentious topic of crypto taxation. Initially met with significant pushback from President Joe Biden and other quarters due to perceived benefits to wealthy tax evaders and cryptocurrency traders, the bill eventually secured sufficient backing. With […]
Breaking: Biden’s High-Stakes Debt-Ceiling Meeting with Congress Leaders Faces Unexpected Delay
President Joe Biden’s planned meeting on the debt ceiling with congressional leaders, initially scheduled for Friday, has been postponed until next week. According to multiple reports, including one from the Associated Press, staff talks will continue in the meantime. The group previously met on Tuesday but did not reach a breakthrough on spending or raising […]
“2-Month T-Bill Rate Plummets: Traders Tackle Banking & Debt-Ceiling Dilemmas – Unraveling the Aftermath!”
As traders assess the risks facing the US economy, the 2-month T-bill rate has experienced a significant decline, falling almost half a percentage point since the previous Thursday. By 11 a.m. Eastern time, the yield had dropped by 46.3 basis points, resulting in a 4.859% yield, according to Tradeweb. This downward trend reflected traders’ concerns […]
Biden Hails Debt-Ceiling Meeting ‘Productive’, Short-Term Solution Remains on the Table
President Joe Biden has described a recent meeting with congressional leadership as “productive” in determining the path forward to ensure America does not default on its debt obligations. During the meeting, various strategies for resolving the debt ceiling crisis were discussed. While President Biden did not appear to support invoking the 14th Amendment as a […]
Biden, McCarthy Disagree on Debt Ceiling but Continue Crucial Conversations for US Economy
Share: As the United States faces an unprecedented default, President Joe Biden and top lawmakers were unsuccessful in breaking the deadlock over raising the $31.4 trillion U.S. debt limit during a face-to-face meeting on Tuesday, although they promised to continue discussions. The deadlock over the U.S. debt ceiling poses a significant risk to the global […]
Biden Slams GOP for Debt Ceiling-Budget Ties, Republicans Claim Dems Did Likewise
President Joe Biden has once again criticized the Republican stance in Washington’s ongoing debt-ceiling standoff, even as GOP lawmakers argue that Biden and his fellow Democrats have taken comparable positions in the past. During a meeting at the White House, Biden praised the recent jobs report but claimed that Republicans in Congress were “threatening to […]