Biden celebrates win over "extreme voices" on debt ceiling deal

newsweek.com President Joe Biden is celebrating the passage of the bipartisan bill to raise the debt ceiling as a win over "extreme voices." In a speech from the White House on Friday,…

‘We averted an economic crisis’: Biden hails debt-ceiling deal in Oval Office address

marketwatch.com President Joe Biden on Friday hailed passage of a bipartisan deal to raise the U.S. debt limit and avoid a government default, addressing the nation from the Oval Office.…

'Crisis averted': Biden to tout economic bonafides in first Oval Office address

politico.com In his first Oval Office address Friday evening, President Joe Biden will speak to a “crisis averted” as he’s set to sign a deal to raise the nation’s debt limit and avoid…

Market Extra: Fitch says it may still cut AAA U.S. credit rating despite debt-ceiling deal

marketwatch.com Fitch Ratings on Friday said a debt-ceiling deal that will avert a first-ever federal default doesn’t guarantee the U.S. government will keep its AAA credit rating. Fitch,…

Dow jumps 700 points as US stocks soar on end to the debt ceiling fight and strong May jobs report

markets.businessinsider.com Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 13, 2020 at Wall Street in New York City. Johannes Eisele/AFP/Getty Images The Dow soared…

Cash-strapped Treasury Department sells one-day bills for the first time since 2007

markets.businessinsider.com Treasury Secretary Janet Yellen. Drew Angerer/Getty Images The Treasury Department auctioned $15 billion in one-day cash management bills on Friday. That marks the first…

New US bill could set crypto pathway from security status to commodity

theblock.co A new draft bill from senior House Republicans in the U.S. Congress seeks to provide a path for a digital token to go from being treated as a security to a commodity as part…

Market Focuses on Possible Hike ‘Skip’ in June After May Jobs Report

blockworks.co A Bureau of Labor Statistics report released on Friday morning showed yet another month of hot employment data, prompting more discussion about what the Fed will do when it…

The Dow is soaring because traders still see Fed on hold in June after blowout payrolls report

marketwatch.com A blowout surge in May nonfarm payrolls isn’t denting expectations among fed-funds futures traders for policy makers to leave rates on hold this month — and that’s helping…

World Bank’s new chief asks staff to ‘double down’ on development, climate efforts

theglobeandmail.com The World Bank’s new president Ajay Banga on Friday asked the lender’s 16,000 staff to “double down” on development and climate efforts as he seeks to accelerate the bank’s…

Treasury yields rise after May jobs data top expectations

marketwatch.com U.S. Treasury yields rose Friday morning after the May jobs report showed surprising resilience in the American labor market despite rising interest rates and heightened…

Senate passes bill to raise debt ceiling, preventing first-ever U.S. default

cnbc.com WASHINGTON — The Senate late Thursday passed a House-approved bill to raise the debt ceiling and cap government spending for two years, sending the legislation to President…

Senate Approves Bill to Suspend $31 Trillion US Debt Ceiling Until January 2025

coinspeaker.com Coinspeaker Senate Approves Bill to Suspend $31 Trillion US Debt Ceiling Until January 2025 The Senate has officially passed a bill that raises the US debt ceiling only a…

Full list of Republican senators who voted against debt-ceiling deal

newsweek.com The debt-ceiling deal negotiated by President Joe Biden and Republican House Speaker Kevin McCarthy was passed by the Senate on Thursday with 63 votes to 36, averting a…

Stock futures rise as Wall Street eyes May jobs report: Live updates

cnbc.com Traders on the floor of the NYSE, June 1, 2023. Stock futures rose as traders looked ahead to Friday's May jobs report. Futures tied to the Dow Jones Industrial Average…

Default Crisis Averted: Senate Passes Debt Ceiling Bill After Months-Long Debate

forbes.com The Senate passed legislation to fend off a debt ceiling crisis late Thursday, effectively ending months of partisan haggling that brought the federal government to the…

Senate Rubber Stamps Debt Ceiling Band-Aid; Biden To Sign Into Law 'As Soon As Possible'

zerohedge.com Senate Rubber Stamps Debt Ceiling Band-Aid; Biden To Sign Into Law 'As Soon As Possible' As expected, Chuck Schumer's Senate was a lock for approving the deal to raise the…

US Congress averts historic default, approves debt-limit suspension

investing.com The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting what would have…

US Congress approves debt-limit suspension, averting default

investing.com The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government's $31.4 trillion debt ceiling, averting what would have…

Senate passes debt ceiling bill to avert US default

aol.com The Senate voted to approve a bill that raises the debt ceiling for two more years, sending the legislation to President Joe Biden’s desk just days before the US potentially…

Senate Passes Debt Ceiling Bill

forbes.com The Senate passed legislation to fend off a debt ceiling crisis late Thursday, effectively ending months of partisan haggling that brought the federal government to the…

Some Democrats don't like Biden and McCarthy's debt-ceiling bill

businessinsider.com SEPTEMBER 20: US Sen. Elizabeth Warren (D-MA). Kevin Dietsch/Getty Images Many Democratic lawmakers are unhappy with the debt-ceiling bill that just passed the House. But…

Who wins if the debt ceiling plan passes? Everyone. Here's why

finance.yahoo.com The Greater Good. That’s the lesson of the debt ceiling deal if it passes, as expected, according to economists. Both Senate Majority Leader Chuck Schumer and Minority…

Senate Poised To Vote On Debt Ceiling Deal

deadline.com WASHINGTON, DC - JUNE 01: U.S. Senate Majority Leader Chuck Schumer (D-NY) walks to the Senate Chambers in the U.S. Capitol Building on June 01, 2023 in Washington, DC. The…

In desperate bid for cash, the Treasury is auctioning one-day bills

edition.cnn.com Desperate times are calling for desperate measures at the Treasury Department. For the first time since 2007, the department is set to auction $15 billion worth of one-day…

The Treasury Department plans to sell $123 billion in T-bills right on the X-date, but there's a catch

markets.businessinsider.com Treasury Secretary Janet Yellen. AP Photo/Patrick Semansky, File The Treasury announced a "tentative" T-bill auction for Monday, based on whether the debt limit is lifted.…

Joe Biden Was Underestimated Once Again on the Debt Ceiling Deal

vanityfair.com In 2011, John Boehner held the full faith and credit of the United States economy hostage—and it worked. The then House Speaker got billions of dollars of concessions from…

Stocks slip as House passes debt deal: Stock market news today

yahoo.com Stocks slipped on Thursday after the House passed a bill to raise the debt ceiling late Wednesday evening. The S&P 500 (^GSPC) slid 0.08%, while the Dow Jones Industrial…

Just Default Already -- We will default at some point, the sooner we do it the better off we’ll be

townhall.com It’s one for the rites of passage in politics – watching Republicans and Democrats pretend to engage in a “stand-off” over the debt ceiling. We’ve heard this song before and…

Down To The Wire: How The Senate's Debt Ceiling Vote Could Play Out

benzinga.com With the Senate racing the clock to pass the debt ceiling bill before a looming June 5 deadline, the U.S. could potentially face an economically catastrophic default if the…

What Beijing wants in exchange for returning Washington's calls

semafor.com The News A Chinese fighter jet fly-by incident last week sparked yet another diplomatic crisis between Beijing and Washington. But they don't seem to have discussed it yet.…

Ray Dalio says the US debt-ceiling agreement "won't make much difference," and doesn't solve the main problem

businessinsider.com The 11th-hour US debt-ceiling agreement "won't make much difference," according to Ray Dalio. • Dalio gave a D grade to the deal as it doesn't address the problem of an…

Stock futures edge up as House passes debt deal: Stock market news today

aol.com Stock futures rose on Thursday after the House passed a bill to raise the debt ceiling late Wednesday evening. Futures tied to the S&P 500 (^GSPC) rose 0.24%, while the Dow…

Thursday Premarket Newsmakers: China EV Sales, Lucid Secondary Offering

247wallst.com Premarket action on Thursday had the three major U.S. indexes moving slightly higher. The Dow Jones industrials were up 0.03%, the S&P 500 up 0.23% and the Nasdaq 0.17%…

Markets Rise as Debt Ceiling Deal Moves to the Senate

nytimes.com Global markets edged higher as the prospect of the United States defaulting on its debt grows more remote. The debt-ceiling deal is a step closer to becoming law after its…

After successful debt ceiling vote, McCarthy takes a victory lap

axios.com With a 314-117 House vote to lift the debt ceiling until 2025, Speaker Kevin McCarthy (R-Calif.) proved he could harness his narrow majority to force President Biden to make…

I Went to China for the First Time in 3 Years, and I Saw Just How Formidable It Is

nytimes.com I Went to China for the First Time in 3 Years, and I Saw Just How Formidable It Is On my first trip to China in more than three years, I awoke to an uncharacteristically…

The first debt ceiling fight was in 1953. It looked almost exactly like the one today

npr.org The first debt ceiling fight was in 1953. It looked almost exactly like the one today The year was 1953: World War II was over; the economy was thriving; Peter Pan was…

US and China are on a collision course that could risk conflict

theguardian.com After the May G7 summit in Hiroshima, the US president, Joe Biden, claimed that he expected a “thaw” in relations with China. Yet, despite some recent official bilateral…

House passes bill to raise debt ceiling into 2025

axios.com The House voted Wednesday to pass a bill raising the debt ceiling until 2025 in exchange for measures to cut the budget deficit. Why it matters: The bill's passage puts the…

House passes debt-ceiling bill, shifting focus to Senate

aol.com The House voted Wednesday night to approve a bill that would raise the debt ceiling for more than two years, giving the Senate just days to do the same before the US…

House Passes Bill To Avert Debt Ceiling Crisis

forbes.com The House agreed to suspend the debt ceiling until 2025 on Wednesday in a decisive bipartisan vote on legislation negotiated by House Speaker Kevin McCarthy (R-Calif.) and…

House Passes Bipartisan Debt Deal With Potential Default Looming

thestreet.com The Republican led U.S. House approved a plan to cut spending and raise the Federal debt limit negotiated by their speaker and President Joe Biden, but only with the help of…

House Passes Debt Ceiling Bill, Clearing A Hurdle To Avoid U.S. Default; Legislation Now Heads To Senate

deadline.com US House Speaker Kevin McCarthy (R-CA) walks from his office to the House Chamber at the US Capitol in Washington, DC, on May 31, 2023. Congressional leaders were racing to…

The House manages to get it together on the debt ceiling

vox.com Speaker of the House Kevin McCarthy (R-CA) talks to reporters as he walks to his office at the Capitol on May 31, 2023 in Washington, DC. | Kevin Dietsch/Getty Images With…

Extraordinary measures for extraordinary times

marketplace.org Since the U.S. brushed up against its debt limit in January, Treasury Secretary Janet Yellen has been stretching the government’s money as far as possible using…

Tim Scott Becomes Latest GOP Presidential Contender Opposing Debt Ceiling Bill

forbes.com Sen. Tim Scott (R-S.C) said he would vote against the debt ceiling bill President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) unveiled earlier this week—making him…

Stocks slide as all eyes on debt ceiling vote: Stock market news today

yahoo.com US stocks closed lower Wednesday as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote. Meanwhile, strong US jobs data…

U.S. Races to Dodge Catastrophic Default

thedailyupside.com While Americans were cooking hot dogs and hitting the beach over the long Memorial Day weekend, President Biden and U.S. House Speaker Kevin McCarthy were working the…

Stocks slide amid strong jobs data, looming debt ceiling vote: Stock market news today

aol.com US stocks traded lower Wednesday as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile, strong US jobs…

A debt-ceiling deal required compromise. Now the hard part

aol.com It took President Biden and House Speaker Kevin McCarthy months to agree on a debt ceiling compromise. Now comes another challenge: Getting the pact through a divided…

Bitcoin and Ethereum Dip as PEPE Falls 9% on Fading Meme Coin Mania

yahoo.com Bitcoin slid on Wednesday—and took the rest of the crypto market with it—in what has been a sluggish month for the asset. The biggest cryptocurrency by market cap was…

Sofi Shares Rise Following Tentative Debt Ceiling Deal

investopedia.com shares rose in early trading on Wednesday amid optimism the online financial firm could benefit from a provision in the government debt ceiling agreement reinstating student…

As Debt Deal Inches Towards Senate, McConnell Prepares For Battle With Conservative Holdouts

zerohedge.com As Debt Deal Inches Towards Senate, McConnell Prepares For Battle With Conservative Holdouts As the deal to raise the debt ceiling works its way through the House, Senate…