IMF expresses concern over the potential U.S. government shutdown as an avoidable risk. Urges parties to reach a consensus on federal government funding. Congress must pass legislation by Saturday midnight to avert a shutdown. The International Monetary Fund (IMF) expressed concern on Thursday about the potential shutdown of the U.S. government, describing it as a … Read more
Treasury Secretary tells that US has hit its artificially imposed borrowing limit of $31.381 trillion. Extraordinary measures put a hold on contributions and redemptions. Analysts believe deal will be reached, but tensions are high between Biden and McCarthy. Treasury Secretary Janet Yellen informed congressional leaders that the United States has reached its debt ceiling and … Read more
President Biden first discussed the House GOP floor fight on Wednesday. Biden termed the drama “embarrassing” and “not a good look” The vice president left the White House to meet with Mitch McConnell. After Kevin McCarthy failed three times to gain the votes necessary to become speaker, President Joe Biden spoke publicly for the first … Read more
