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Debt-ceiling deal avoids 'extremely negative' consequences: Fed's GoolsbeeChicago Federal Reserve Bank President Austan Goolsbee on Sunday welcomed news of a deal to suspend the U.S. debt ceiling, saying failure to forge an agreement would be 'extremely negative' for the financial system and broader economy.
Source: Reuters - 🏆 2. / 97 Read more »
Fed's Goolsbee: won't prejudge June rate decisionChicago Federal Reserve Bank President Austan Goolsbee said on Sunday he won't 'prejudge' whether he would support an interest-rate hike at the upcoming Fed meeting in June, but noted that the full impact of the central bank's rate increases to date have yet to be felt.
Source: Reuters - 🏆 2. / 97 Read more »
Biden, McCarthy strike tentative deal to raise debt limit dealSpeaker Kevin McCarthy and President Biden struck a tentative deal on Saturday to raise the debt limit in exchange for cutting spending.
Source: WashTimes - 🏆 235. / 63 Read more »
Debt Ceiling Bill Will End Student Debt Pause Within 60 Days, McCarthy SaysSpeaker of the House Kevin McCarthy said the bill would end the pause on federal student debt payments 60 days after the bill was passed, accelerating the June 30 window for the pause to end.
Source: thedailybeast - 🏆 307. / 63 Read more »
Biden and GOP reach tentative deal to raise debt ceiling and avoid calamitous US defaultWith the outline of an agreement, a legislative package can be drafted in time for votes in Congress next week, ahead of a projected June 5 federal default. Negotiators agreed to some Republican demands for enhanced work requirements on recipients of food stamps.
Source: adndotcom - 🏆 293. / 63 Read more »
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US defaultPresident Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” to raise the nation’s legal debt ceiling late Saturday.
Source: PennLive - 🏆 463. / 53 Read more »