Debt Ceiling Deal Gets Thumbs Up from Business Groups
The reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy.
How a US Default on Its Debt Could Ripple Through the Economy
“No corner of the global economy will be spared” if the U.S. government defaulted and the crisis weren’t resolved quickly, said Mark Zandi, chief economist at Moody’s Analytics.
Agreement on Short-Term Debt Ceiling Fix Averts Crisis
Senate Majority Leader Chuck Schumer said Thursday an agreement has been reached with Republicans to extend the government’s borrowing authority into December, temporarily averting a debt crisis.
