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Every day there’s a warning about how catastrophic a default on the national debt would be. What’s it going to take to avoid that?
Half a million jobs could be lost in the second-biggest state economy. Pensioners, the food insecure and many others could suffer.
The treasury secretary urges Congress to protect nation’s “full faith and credit” by raising the government’s borrowing authority.
The failures of Silicon Valley Bank and Signature Bank have rattled some small business owners, even though contagion hasn’t spread to smaller banks.
The Treasury secretary says “people don’t need to lose their jobs” to cool down the labor market.
Basically, Treasury will have to move money around so it can keep paying the country’s most important bills. At least for a little while longer.
Experts say buy-in from China and India would be key to making the policy work.
The Treasury secretary and the trade representative disagree on the issue.
The Treasury secretary doesn’t see a 1970s-style inflation shock on the horizon. “The Federal Reserve wouldn’t permit that to happen.”
Congress is once again considering raising the debt limit. When did that start?