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The debt ceiling deal may have saved the US from defaulting on its debt, but where does this leave the stock market? - Tearsheet
The debt ceiling deal may have saved the US from defaulting on its debt, but where does this leave the stock market? The debt ceiling deal may have …
Opinion | Congress’s Global-Tax Revolt
Treasury Secretary Janet Yellen has spent more than two years promising foreign leaders that the U.S. is committed to a new global deal to raise taxes on large companies. Now Republicans in Congress have a warning for the rest of the world: Don’t believe her. All 25 Republicans on the House Ways and …
Understanding the Debt Ceiling Crisis, and What Happens NextCurated byOhan Kayikchyan
The debt ceiling is the max amount of money the U.S. government can borrow to pay its bills. To fund Social Security and Medicare benefits, service the interest on the national debt, and pay military salaries (plus other payments), the debt ceiling must go up. A new deal between President Biden and House Speaker McCarthy would raise (suspend) the debt ceiling until the beginning of 2025 and, for now, negate the risk of a historic government default. What does this all mean, and what's next?