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.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Stock market news today: Stocks mixed on debt ceiling progressUS stocks trade mixed as investors assess progress on debt ceiling talks
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
Fuente: MarketWatch - 🏆 3. / 97 Leer más »