Us Spending
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U.S. government shutdown looking more likely. What would the impacts be?A shutdown of federal government operations may have wide-ranging impacts on military operations, employee paycheques, and the U.S. and Canadian economies.EconomySep 26, 2023
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A U.S. government shutdown looms as Republicans squabble over spending dealThe speaker is trying to convince his Republican conference that there will heavy political fallout from a shutdown as he plows toward a vote to pass a stopgap spending measure.U.S. NewsSep 18, 2023
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Surge in U.S. spending could force Fed off ‘pause’ in rate hikesCoupled with possible progress on a debt ceiling deal to avoid a catastrophic U.S. default, the data throws doubt on whether the Fed will indeed "pause" its rate-hike campaign.U.S. NewsMay 26, 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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