debt ceiling crisis

Robert F. Kennedy Jr., who is contesting the 2024 presidential election as an independent, has a panacea for the fiscal woes of the country. On Sunday, the presidential candidate proposed that the U.S. take a leaf out of Argentina’s playbook that has brought the South American nation some...

The House passed the tentative budget deal that was agreed between President Joe Biden and House Speaker Kevin McCarthy (R-Calif) by a 314-117 margin late Wednesday. Commenting on the development, economist Peter Schiff suggested it was now time to focus on real issues. What Happened: “Now...

Allianz chief economic adviser and noted economist Mohamed El-Erian reportedly said the best response to a debt issue is economic growth. "…my biggest worry is this whole saga has done three things that actually undermine economic growth. One, it has diverted the attention of Congress for...

The U.S. Treasury Secretary Janet Yellen on Friday issued another warning saying that the U.S. would default if Congress does not reconsider raising the $31.4 trillion debt ceiling by June 5. What Happened: The treasury chief had previously said the federal government could potentially default...

“Rich Dad, Poor Dad” author Robert Kiyosaki has likened the ongoing debt ceiling deadlock to the Japanese Kabuki theater while saying the whole thing is “a bad comedy.” Politicans debating raising $ 30 trillion US debt limit bad comedy, "kabuki theater." Facts are: US...

Prominent market commentator Jim Cramer has reportedly advised investors to focus on those companies that have customer service as their core philosophy while noting that Apple Inc (NASDAQ:AAPL) as a firm will always be successful because of its customer-first mentality. "No stock can escape the...

House Speaker Kevin McCarthy's authority to negotiate the debt ceiling is being challenged by Rep. Alexandria Ocasio-Cortez, who argues that he lacks the necessary votes. What Happened: As House Democrats push forward with a backup plan to avoid a default on U.S. bills, a petition initiated by Rep...

Former chief of staff to President Donald Trump said that he believes the June 1 deadline to raise the debt ceiling and avoid default is unnecessary, despite Treasury Secretary Janet Yellen‘s repeated warnings.  What Happened: Mick Mulvaney, in an interview with NewsNation's ‘...