If the U.S. fails to raise the debt ceiling in time, we'll default on loans from a whole bunch of lenders. Our two top foreign creditors — China and Japan — have both warned the U.S. government to be careful. What’s at stake for them?
On a day of dueling press conferences over the federal shutdown, private observers say the date we may exhaust our borrowing authority may be later than expected.
Although we often think of our debt as owed to foreign countries, in reality, America owes a lot of money to ourselves. Even regular Americans indirectly own a large chunk of our national debt.
Bank executives head to the White House to discuss the government shutdown and efforts to raise the federal debt ceiling. How much influence do the bankers have?
