If the debt ceiling is not raised in the coming weeks, the U.S. will default on its debt for the first time in its history and that will be catastrophic for small businesses.
to see what happens to a country’s credit markets when it defaults on its debt. The same will be the case for the United States if it follows in these countries’ footsteps. Credit markets will tighten up and U.S. banks will prioritize lending to businesses where they have pre-existing relationships, which are more likely to be larger ones than small ones.
The American economy and its Main Streets are working through their greatest crisis since World War II. Both are still standing right now but a default on the national debt would be a knockout blow. Let’s stop playing politics and get the debt limit raised.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Biden, McConnell debt standoffs are nothing newThe showdown over the nation's debt ceiling is not the first time the Republican leader has been pitted against Biden in avoiding a catastrophic default.
続きを読む »
Debt-Limit Bill Passes Senate, Heads to HouseThe Senate has voted to extend the debt ceiling until December, with a small group of Republicans joining Democrats in moving the bill forward to avoid a government default
続きを読む »
U.S. Senate approves temporary lift of debt ceiling, averts defaultThe U.S. Senate approved legislation on Thursday to temporarily raise the federal government's $28.4 trillion debt limit and avoid the risk of a historic default this month, but put off until early December a decision on a longer-lasting remedy.
続きを読む »
Yellen says having a debt ceiling has become increasingly damaging to U.S.U.S. Treasury Secretary Janet Yellen said on Thursday she was pleased the Senate was moving toward suspending the debt limit but she added that having a debt ceiling has become increasingly damaging to the United States.
続きを読む »
Debt ceiling deal postpones questions on Social Security, other government paymentsSocial Security checks will go out on time if the debt ceiling deal is approved by Congress. But the short-term agreement only postpones the uncertainty.
続きを読む »