[ad_1] CNN — The clock is now ticking on the nation’s debt ceiling drama. The US is expected to hit its borrowing cap as soon as Thursday, though it will not immediately start to default on its debt and set off a financial crisis. But it does mean that Congress …
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[ad_1] CNN — The Treasury Department said Friday the US will reach the debt limit on January 19 and “extraordinary measures” will need to be taken, setting up one of the first major battles on Capitol Hill after Republicans took control of the House. The debt limit is the maximum …
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[ad_1] CNN — Treasury Secretary Janet Yellen plans to stay in her Cabinet role heading into the third year of the administration, a decision she conveyed to President Joe Biden during a December conversation, according to two White House officials. Biden welcomed Yellen’s desire to stay, which comes as the …
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[ad_1] From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. “There has been a lot of talk recently that we’re in a recession. We have two quarters of declining GDP that often happens …
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