US Debt
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The U.S. credit rating has been downgraded again. What does that mean?Fitch Ratings cited Washington's rising debt burden and political difficulties in addressing spending and tax policies as the key reasons for reducing its rating from AAA to AA+.U.S. NewsAug 2, 2023
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Biden signs debt ceiling bill avoiding default with 2 days to spareThe White House announced the signing, done in private at the White House, in an emailed statement in which Biden thanked congressional leaders for their partnership.U.S. NewsJun 3, 2023
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The U.S. debt ceiling impasse is making Canadian economists nervousAs negotiations in Washington stall, economists tell Global News the fight over U.S. government spending and debt may have long-term ramifications on investor confidence.EconomyMay 19, 2023
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New warning U.S. may default in a month without debt deal restarts talksJanet Yellen urged congressional leaders "to protect the full faith and credit of the United States by acting as soon as possible" to address the $31.4 trillion borrowing limit.U.S. NewsMay 1, 2023
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McCarthy ties U.S. debt ceiling deal to spending cuts, other Republican prioritiesIn a high-profile speech at the New York Stock Exchange, the U.S. House speaker said Biden is "missing in action" as the deadline nears to raise the debt limit.U.S. NewsApr 17, 2023
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U.S. could default this summer if debt ceiling deal not reached, budget office warnsThe Congressional Budget Office said the U.S. Treasury Department will exhaust its ability to pay all its bills sometime between July and September unless a deal is reached.U.S. NewsFeb 15, 2023
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The U.S. has hit its debt ceiling. How could Canada be impacted if a deal isn’t reached?U.S. officials have given lawmakers until June to reach a deal to raise its borrowing limit, but experts are split on whether the fight will spark an economic crisis in Canada.EconomyJan 19, 2023
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U.S. debt from coronavirus pandemic will soon exceed size of entire economy, analysts sayThe Congressional Budget Office has warned that the government this year will run the largest budget deficit, as a share of the economy, since 1945, when World War II ended.EconomySep 5, 2020
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