Debt crisis could cause stock-market disaster: Goldman's Solomon, others

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Deutschland Nachrichten Nachrichten

There'll be a stock-market disaster if the US debt crisis isn't resolved soon, Goldman Sachs' David Solomon and other top execs warn

if US lawmakers don't vote to lift the debt ceiling soon, some of the biggest names on Wall Street warned Tuesday.open letter

"We write to emphasize the potentially disastrous consequences of a failure by the federal government to meet its obligations," the execs said."Absent a resolution, the government is likely toThe debt ceiling is a limit on how much the government can borrow, set by Congress. Republicans are refusing to vote to lift the borrowing limit unless the White House agrees to future spending cuts, which Biden and Senate believe should be voted on separately.

The last time the government came so close to a default was in 2011 – and that led to stock markets plunging around the world, the signatories of Tuesday's letter pointed out.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 729. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market news today: Stocks mixed on debt ceiling progressUS stocks trade mixed as investors assess progress on debt ceiling talks
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Stock Market Today: Dow loses ground after Home Depot sales miss; debt-ceiling talks awaitedMarketWatch Live: Stocks dip as Wall St.’s attention turns to debt-limit meeting
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »