With a June 5 deadline looming, there is much to be done to prevent the default that leaders of both parties said would never happen.
The Nasdaq Composite extends winning streak to five weeks as tech stocks rally.
The latest estimate is a slight extension from the previous June 1 deadline and comes as Republicans and the White House are trying to reach an agreement to raise the debt ceiling and avoid a crippling default.
She was known as “the Burner” for her seductive delivery, but off the air she was anything but a wild rock ’n’ roller. She later became an addiction counselor.
The Treasury secretary previously estimated the U.S. would be unable to pay all its bills on June 1.
The cash balance at the Treasury Department is now lower than the net worth of some of the world’s richest people.
Here’s a look at what markets are expecting and planning for, and how a default might happen.
San Francisco officials said the state of California must provide funding for its transit system if it is to remain viable and help contribute to the revitalization of a downtown corridor that continues to struggle with homelessness, drug use and squalor.
Mayor London Breed sent a letter to California Assembly Member Phil Ting asking him to advocate for the provision of emergency funds for BART and the San Francisco Municipal Transit Agency, according to the San Francisco Chronicle.
“Public transportation is essential for our economic recovery,” Breed said in a tweet on Tuesday. “Our residents, workers, and visitors rely on it. We can’t…
Here’s a look at what markets are expecting and planning for, and how a default might happen.