United States Treasury security

Debt limit focus taking center stage away from shutdown debacle

Debt limit focus taking center stage away from shutdown debacle

A possible national default loomed closer on Monday as the partial government shutdown lingered, rattling markets in the U.S. and overseas. A gridlocked Congress betrayed little or no urgency toward resolving either of the threats. Stocks got a case of the jitters on Wall Street, and halfway around the world China stressed the importance for […]

Short-term debt limit hike under consideration by Senate Democrats

Short-term debt limit hike under consideration by Senate Democrats

Senate Democrats are drafting legislation to raise the nation’s debt limit without the type of unrelated conditions that Republicans have said they intend to demand, officials said Monday, as the White House signaled it would accept even a brief extension in borrowing authority to prevent an unprecedented default. The details of the emerging measure were […]

Stimulus? We don’t need no stinkin’ stimulus

Stimulus? We don’t need no stinkin’ stimulus

Federal Reserve officials clashed on Thursday over whether the central bank should be more aggressive in supporting the stumbling economy and one said the Fed’s current policy may be contributing to worryingly low levels of inflation. The Fed’s promise to hold benchmark interest rates exceptionally low for an extended period — a vow aimed at […]