House Minority Leader Hakeem Jeffries, DN.Y., urged his caucus to support a debt ceiling deal on Wednesday, saying lawmakers “cannot allow the perfect to be the enemy of the GOOD”.Bloomberg News WASHINGTON — Between a hectic day of caucus meetings and press conferences, leaders of both parties raced to win “yes” votes among their membership […]
House Minority Leader Hakeem Jeffries, DN.Y., urged his caucus to support a debt ceiling deal on Wednesday, saying lawmakers “cannot allow the perfect to be the enemy of the GOOD”.Bloomberg News WASHINGTON — Between a hectic day of caucus meetings and press conferences, leaders of both parties raced to win “yes” votes among their membership […]
If a debt cap deal is reached this week, Treasury Secretary Janet Yellen will likely ask staff to issue new debt to boost the agency’s account balances after cutting them after the debt cap debt was reached in January. But it could complicate banks’ liquidity needs if things don’t go well.Bloomberg News WASHINGTON — With […]
Cost concerns are a common culprit when it comes to choosing the status quo over making changes or improvements to outdated technologies and processes. Thinking that the cost of implementing modern solutions will be far greater than the cost of maintaining their current technology, old technology can put insurance companies in technical debt and negatively […]
“It is to be expected that there will arise demands in the affairs of nations, in which there will be a necessity to borrow. That loans in times of public emergency, especially foreign war, are an indispensable resource, even to the richest among them. . . it is essential that the credit of a nation […]
In this article Are you following the storm that is brewing in the field of commercial real estate? It’s not a big surprise. This happens with every slowdown in one form or another. But investors still seem surprised. While this downturn is unlikely to be as devastating as the Great Recession, there is one element […]
Treasuries maturing in the first half of June rallied as trading picked up after the Memorial Day holiday, after an agreement to lift the debt ceiling eased concerns over the outlook of a calamitous default by the United States. Yields on securities due in early June – seen as the riskiest because Treasury Secretary Janet […]
If a debt cap deal is reached this week, Treasury Secretary Janet Yellen will likely ask staff to issue new debt to boost the agency’s account balances after cutting them after the debt cap debt was reached in January. But it could complicate banks’ liquidity needs if things don’t go well.Bloomberg News WASHINGTON — With […]
A US debt ceiling deal doesn’t necessarily mean a smooth path to President Joe Biden’s office. The President and House Speaker Kevin McCarthy reached a final agreement on Sunday on raising the nation’s borrowing limit that, if passed by Congress, would avert a US debt default. . Next come political wrangling, which means the week […]
Text size SoFi Technologies stock has fallen 24% over the past year. Gabby Jones/Bloomberg The debt ceiling deal reached over the weekend would restore government student loan repayments, halted for more than three years. This should benefit the online personal finance company Sofi Technologies (SOFI), which refinances student loans. President Joe Biden and House Speaker […]