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Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan

bitcoin.com Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have…

The most influential figure in America’s economy earns just $190,000 a year

yahoo.com Perhaps no single individual has more sway over the global economy than Jay Powell. Investors the world over hang on the Federal Reserve chair’s every word and his speeches…

Asian shares track Wall Street lower amid chorus of Fed speakers

reuters.com Asian shares tracked Wall Street lower on Thursday, as a number of Federal Reserve speakers echoed Chair Jerome Powell in saying that interest rates are set to go higher,…

US Budget Deficit Widens Rapidly, Threatening Debt-Limit Timeline

yahoo.com The federal budget deficit is widening rapidly, according to the latest estimates by the Congressional Budget Office, raising the risk of the Treasury running out of cash…

U.S. Treasury's Yellen: inflation remains elevated but there are encouraging signs

reuters.com SPRING HILL, Tenn./WASHINGTON Feb 8 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Wednesday that while inflation remained elevated, there were encouraging signs…

Put an end to hard left’s debt ceiling demagoguery

washingtontimes.com Americans are enduring another episode of debt ceiling demagoguery. Conservative House Republicans are demanding spending cuts to raise the $31.4 trillion limit, President…

Most expected recession of all time being mitigated by anticipation: Billionaire investor Ken Fisher

foxbusiness.com Fisher Investments founder Ken Fisher argued the U.S. economy is unlikely to fall into a serious recession because year-over-year lending growth is "tremendously strong",…

Europe moves from anger toward acceptance of U.S. climate law

politico.com First came the shock. Then the outrage. Now, European countries seem to be moving toward acceptance of a massive U.S. clean energy subsidy package that has roiled…

Peter Morici: Powell shouldn’t let up in the fight against inflation

marketwatch.com Federal Reserve Chairman Jerome Powell, through the FOMC statement and press conference remarks last week made clear we’ve made progress fighting inflation but it’s far too…

German, French ministers lobby US over green subsidy plans – DW

dw.com Robert Habeck and Bruno Le Maire are in the US for talks on the Biden administration's Inflation Reduction Act. The EU argues that some of the US' green subsidy plans are…

Column-Low visibility, low volatility make strange pairing :Mike Dolan

investing.com Like mirages on the horizon, recession forecasts seem to be appearing and disappearing with great regularity - questioning any investment conviction, the reliability of…

Marjorie Taylor Greene and other Republicans yell 'liar' as Biden accuses them of wanting to cut Medicare and Social Security

businessinsider.com Republican Rep. Marjorie Taylor Greene of Georgia boos President Joe Biden during the State of the Union Jim Watson/AFP/Getty Images Rep. Marjorie Taylor Green called Biden…

‘Liar!’: Republicans Erupt In State Of The Union After Biden Claims GOP Wants To Cut Social Security

forbes.com Several Republican lawmakers shouted jeers at President Joe Biden during his State of the Union address Tuesday night, including after Biden claimed some in Congress are…

Labor Secretary Walsh tapped to be Tuesday night’s designated survivor

politico.com Labor Secretary Marty Walsh was to serve as the Biden administration's designated survivor during the president’s State of the Union address Tuesday night, according to the…

Biden Urges Congress To Pass New Billionaire Tax In State Of The Union

forbes.com President Joe Biden called for a new minimum tax targeting billionaires in his State of the Union address Tuesday night, as part of a White House plan to ensure wealthy…

Biden’s going after the billionaires in his State of the Union speech tonight, and he’s not thrilled with oil companies either

yahoo.com President Joe Biden says he won’t stand in the way of anyone trying to become a billionaire, but that doesn’t mean he won’t step in to tax the rich or corporate America.…

Inflation fight has a 'long way to go,' Federal Reserve Chair Jerome Powell says

go.com Federal Reserve Chair Jerome Powell said Tuesday that the central bank's fight against inflation has "a long way to go," citing a blockbuster jobs report last week that…

Britcoin's Roadmap Revealed by UK Chancellor: No Hoarding Allowed

tokenist.com To protect financial stability, the United Kingdom Treasury officials announced on Monday that consumers wouldn’t be able to hoard their future CBDCs. What are the…

Americans are on track to see 'a significant decline in inflation' this year, Fed's Powell says

businessinsider.com Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on February 01, 2023 in Washington, DC. Kevin…

Wall Street Breakfast: SOTU

seekingalpha.com The economy will be a big theme in President Biden's State of the Union address tonight, which is set to be broadcast from Capitol Hill starting at 9 p.m. ET. He'll take the…

Biden's going after the billionaires in his State of the Union speech tonight, and he's not thrilled with oil companies either

fortune.com President Joe Biden says he won’t stand in the way of anyone trying to become a billionaire, but that doesn’t mean he won’t step in to tax the rich or corporate America.…

State Of The Union 2023: What To Watch For As Biden Addresses A Split Congress Before A Potential 2024 Run

forbes.com President Joe Biden will deliver his first State of the Union address under a Republican-controlled House on Tuesday, following a better-than-expected January jobs report…

This Fed official grocery shops for his family and knows just how high prices are

cnn.com Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, understands that consumers are still struggling to deal with high prices. And he has the frozen lasagna…

Yes, the US Government Has Defaulted Before

mises.org The regime is trying to whip up maximum hysteria or the chances that the US government could default on its debts if the debt ceiling is not raised. Anyone whose been paying…

Fed Official Warns U.S. Debt Default Would Be ‘Catastrophe’ As Bank Of America Gears Up For The Worst

forbes.com Federal Reserve official Neel Kashkari on Tuesday reiterated the Treasury's concern over the nation's looming debt ceiling crisis, and though he's unsure how likely a…

The Debt Ceiling: How bad might things get, and will Congress raise it?

newsweek.com Treasury Secretary Janet Yellen has warned that a "global financial crisis" could ensue should Congress allow the U.S. to default on its debt obligations come June. Still,…

Putin faces mountain of debt as Ukraine war puts economy back 25 years

newsweek.com Russia's Finance Ministry said Monday the country's budget deficit surged to 1.76 trillion rubles ($24.8 billion) in January, which by one measure puts President Vladimir…

Fed official says lasagna prices prove inflation is still too high

cnn.com Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, understands that consumers are still struggling to deal with high prices. And he has the frozen lasagna…

Minneapolis FED Official Says US Debt Default Would Be a Catastrophe

watcher.guru Earlier this year, the United States hit an all-time high in national debt. A development that triggered numerous possibilities and ongoing debate between Congress on…

Gold market sees little reaction as Bank of America warns that it is preparing for a possible government default

kitco.com Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions.…

State of the Union, recession, crypto woes and more tech layoffs: What investors are watching

cnn.com A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the…

‘Hope is not a strategy’: BofA CEO warns corporate America must prepare for the worst around debt ceiling

fortune.com More than a decade ago, Bank of America CEO Brian Moynihan was one of a handful of bankers to write to Congress warning them how terrible it would be to default on the…

The Market Has Decided a Recession Is Coming, Says Mad Money's Jim Cramer

bitcoin.com The host of Mad Money, Jim Cramer, says the market has already decided that the Federal Reserve “will tighten and create a recession no matter what.” Cramer also recently…

Democrats' spending threatens Americans' high standard of living

foxnews.com The average American home is almost 2,200 square feet. An average home in the United Kingdom is a minuscule 818 square feet, in Finland 880 square feet and in Germany under…

It's time to chill with all the recession talk

cnn.com Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. In 2021, a bunch of economists and…

Janet Yellen: 'You don't have a recession' with unemployment at 50-year low

foxbusiness.com Treasury Secretary Janet Yellen on Monday said she sees a path in which the U.S. economy avoids a recession, citing a slow-but-steady decline in inflation, strong job growth…

The blowout jobs report could have just changed the whole year for markets, according to Goldman’s chief economist

fortune.com The latest U.S. jobs report was pretty amazing. Economists were expecting healthy growth of around 200,000 in January, but the nonfarm payrolls grew by more than double…

Bank of America’s Moynihan says firm is preparing for US debt default

thehill.com Bank of America CEO Brian Moynihan on Monday said the firm is preparing for the U.S. to default on its debt after surpassing its borrowing limit last month. Lawmakers are…

Wall St ends down as investors await Fed's next steps

reuters.com U.S. stocks ended lower on Monday as investors shifted gears after considering the possibility that the U.S. Federal Reserve may take longer to start cutting interest rates.…

Bank of America CEO Says the Company is Preparing for Potential US Debt Default

watcher.guru In a conversation with CNN, Bank of America CEO Brian Moynihan says the company is preparing for possible US debt default. The financial institution is the second largest…

Yellen: Failure to raise U.S. debt ceiling would lead to 'catastrophe'

cnbc.com The U.S. government risks "economic and financial catastrophe" if the House fails to pass a bill to raise the $31.4 trillion debt ceiling, Treasury Secretary Janet Yellen…

WATCH LIVE: House Speaker McCarthy holds news briefing as debt ceiling talks continue

pbs.org House Speaker Kevin McCarthy is expected to hold a news briefing on Monday as federal debt ceiling talks continue. The event is scheduled to start at 5:30 p.m. ET. Watch…

Yellen Downplays Recession Fears After U.S. Unemployment Reaches 54-Year Low

forbes.com U.S. Treasury Secretary Janet Yellen expressed confidence the U.S. can avoid a recession after adding more than 500,000 jobs in January that brought unemployment to a…

The CEO of America's second-largest bank is preparing for possible US debt default

cnn.com Congress is once again bickering about raising the debt ceiling, the amount of money the US government can borrow to pay its bills on time. And that means that Corporate…

What Wagner Group's 'Criminal Organization' Label Means

newsweek.com The Wagner Group has officially been deemed an international "criminal organization," at least according to a decision reached Monday by members of the Verkhovna Rada,…

Republicans struggle to get their act together for a debt limit deal

vox.com Republicans and Democrats are no closer to reaching a deal on the debt ceiling as the country grows ever nearer to default, potentially sparking a global economic…

Yellen: 'You don't have a recession' when U.S. unemployment at 53-year low

aol.com U.S. Treasury Secretary Janet Yellen on Monday said she saw a path for avoiding a U.S. recession, with inflation coming down significantly and the economy remaining strong,…

There's a ton of good news about the economy but Americans are feeling more gloomy than ever

fortune.com By many accounts, the U.S. economy is firing on all cylinders—or at least a lot of cylinders. Inflation has come down markedly since last summer, real GDP has grown nearly…

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