In July 2025, Congress narrowly avoided catastrophe by raising the debt ceiling to $41.1 trillion through the One Big Beautiful Bill Act. The reprieve was temporary. With the Congressional Budget ...
The last time the U.S. government went to the brink of defaulting on its debt — in 2011 — the stock market tumbled and there was something close to a panic across the economy before Washington came to ...
A fiscal crisis – sometimes called a sovereign debt crisis – is a sharp economic shock or downturn caused or sparked by high ...
"The United States is deeply indebted, and its finances are on an unsustainable long-term trajectory," says the Committee for ...
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JPMorgan CEO sounds alarm on exploding US national debt crisis
The chief of the largest American bank is again sounding the alarm about Washington's finances, warning that a $38 trillion national debt is pushing the United States toward a crisis. Chase CEO Jamie ...
President Joe Biden put the debt ceiling drama front and center in his State of the Union address for all the world to see—and the world was watching. The Biden administration is looking for a “clean” ...
WASHINGTON -- The debt limit negotiations between GOP negotiators and the White House ended Friday night with no progress after meeting for roughly an hour and a half. And there's no set plans for the ...
"Yet the JGB has unique features going for it, which limit the odds that the next debt crisis will be made in Japan." ...
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