Every American can feel the pain of facing Washington’s debt ceiling

CNN – Every American could be hurt if the new Republican House’s dangerous game of roulette with a weak economy backfires. The nation reached the critical first threshold Thursday in a brewing Washington showdown national debt That could determine the term of the new Republican majority and the last two years of President Joe Biden … Read more

Debt ceiling: The Treasury Department has warned it will take “extraordinary measures” over the debt limit. That’s what that means

CNN – Treasury Secretary Janet Yellen formally told Congress last week that the agency would have to start taking “extraordinary measures” After the United States reached its debt limit of $31.4 trillion on Thursday. But the nation has not yet reached the point where the debt ceiling crisis could be Stock market tanksand suspending Social … Read more

Forget inflation, it’s all about profits

New York CNN – There is a season for everything and now is the time to earn. Over the past few weeks, investors have focused squarely on inflation and Fed policy, but now market reactions are larger for earnings (especially losses) and smaller for economic data. what happens: “We expect earnings to take center stage … Read more