You’d hardly know by looking at financial markets that the US debt limit was breached in January. But that’s starting to change, in what is shaping up to be a nail-biting game of debt ceiling squabbling as the shot clock is winding down. If lawmakers don’t raise the nation’s borrowing limit by June, the federal government runs the risk of defaulting on its debt obligations, Treasury Secretary Janet Yellen said in January.
Investors’ anxieties are also evident in spreads on US five-year credit default swaps, which have widened to 50 basis points, according to S&P Global Market Intelligence data. When the debt ceiling was breached in January, five-year CDS spreads hovered around 35 basis points. When a bondholder purchases a credit default swap they are guaranteed to receive the money they’re owed in the event that the bond issuer defaults.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Black homeowners had the smallest wealth gains over the past decade | CNN BusinessHomeownership remains a key to building wealth. But a new study from the National Association of Realtors underscores the persistence of substantial inequities along racial and income lines over the past decade. It’s all about race with you clowns. Assuming people and groups are equal is anti science. Homes are RaCiSt My lord you people strive hard. When the demand for racism outstrips supply, count on CNN to set it right
Source: CNN - 🏆 4. / 95 Read more »
An economic crisis in Pakistan means many are going hungry during Ramadan | CNN BusinessIn Pakistan's capital, people are lining up in the hundreds for a single bag of free flour at a government distribution center during the holy month of Ramadan, which ends this week. very good Normal day in Pakistan 🇵🇰😝😝😝😝!!! Done and dusted economy
Source: cnni - 🏆 326. / 59 Read more »
The viral new 'Drake' and 'Weeknd' song is not what it seems | CNN BusinessOne of the buzziest songs recently circulating on TikTok and climbing the Spotify charts featured the familiar voices of best-selling artists Drake and the Weeknd. But there's a twist: Drake and the Weeknd appear to have had nothing to do with it.
Source: CNN - 🏆 4. / 95 Read more »
A third of federal workers are on strike in Canada | CNN BusinessNearly a third of Canada's federal workers walked off the job Wednesday morning in one of the largest strikes in the country's history. good, we need this in US Government employees really should not be allowed to strike, or frankly unionize. And if this is true, I really have no sympathy for them. It's not so great of a place to live Canada you pay a lot of taxes and you earn little as possible they take full advantage of you
Source: cnni - 🏆 326. / 59 Read more »
Twitter removes transgender protections from hateful conduct policy | CNN BusinessTwitter appears to have quietly rolled back a portion of its hateful conduct policy that included specific protections for transgender people. Is twitter the new CNN obsession? CNN can’t handle free speech Equality
Source: CNN - 🏆 4. / 95 Read more »
US airlines about to be hit with 'tsunami' of pilot retirements | CNN BusinessThe US airline industry is about to be hit with a 'tsunami of pilot retirements' that will further the nation's pilot shortage, limiting flight availability for passengers and putting upward pressure on fares, an industry group told Congress Wednesday. Hello 👋🏻 Bet is ready. All those interested please write to me.. The information is limited for FREE, only a few people can accept it... Respect✊🏻 PM me!! Quick to the Equity hierarchy chart! PeteButtigieg needs to resign
Source: CNN - 🏆 4. / 95 Read more »