Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

Axios

Business

What history says about debt standoffs

US Federal Reserve Kansas City Fed

Data: Federal Reserve Bank of Kansas City; Chart: Erin Davis/Axios Visuals

Every day that passes puts the United States closer to the "X Date" — the moment (estimated to be this summer) when the Treasury runs out of extraordinary measures it is using to avoid breaching the $34.1 trillion legal debt limit.

Why it matters: There are more and more signs that the possibility of protracted negotiations is causing some worry in the halls of the Fed.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

Isaias left more than 390,000 Alabama and Florida customers without power. Health officials warn that generator carbon monoxide is a top danger during cleanup.

Florida Appeals Court Orders Hope Florida Grand Jury Report Expunged Over $10 Million Centene Medicaid Settlement Payment

Florida Appeals Court Orders Hope Florida Grand Jury Report Expunged Over $10 Million Centene Medicaid Settlement Payment

A Florida appeals court ordered a grand jury report on $10 million from a Centene Medicaid settlement expunged. What the ruling says and what remains open.

Federal judge halts ICE detention centre construction at California site over environmental review

Federal judge halts ICE detention centre construction at California site over environmental review

A federal judge has granted a preliminary injunction halting construction of an ICE facility near Gilroy, California. The ruling came in response to a lawsuit filed by California Attorney General Rob Bonta and Santa Clara County. They argued that construction began without an adequate environmental assessment or consultations with local…

The Times of India

Brazil's Lula accuses social media giant Meta of election interference amid tight run-off campaign

Brazil's Lula accuses social media giant Meta of election interference amid tight run-off campaign

Social media platform Meta has 48 hours to respond to claims by Brazil's leftwing candidate and incumbent President Luiz Inacio Lula da Silva's campaign accusing the tech platform of blocking content on the company's platforms. Brazil's Superior Electoral Court on Saturday gave the social media giant 48 hours to clarify…

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Some in Florida and Alabama without power as Isaias moves north to Appalachians and Mid-Atlantic

Some in Florida and Alabama without power as Isaias moves north to Appalachians and Mid-Atlantic

Hurricane Isaias has left nearly 396,000 customers without power across the Florida Panhandle and southern Alabama

The Independent UK

Woman finds an off-duty ICE agent asleep on her lawn at 3 AM. He allegedly attacks her 72-year-old father, who fires one shot and won’t be charged

Woman finds an off-duty ICE agent asleep on her lawn at 3 AM. He allegedly attacks her 72-year-old father, who fires one shot and won’t be charged

Questions arose about ICE's legal limits.

We Got This Covered

Related Stories

Top stories on inkl right now

Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

Isaias Leaves More Than 390,000 Alabama and Florida Customers Without Power as Officials Warn About Generator Carbon Monoxide

Isaias left more than 390,000 Alabama and Florida customers without power. Health officials warn that generator carbon monoxide is a top danger during cleanup.

Florida Appeals Court Orders Hope Florida Grand Jury Report Expunged Over $10 Million Centene Medicaid Settlement Payment

Florida Appeals Court Orders Hope Florida Grand Jury Report Expunged Over $10 Million Centene Medicaid Settlement Payment

A Florida appeals court ordered a grand jury report on $10 million from a Centene Medicaid settlement expunged. What the ruling says and what remains open.

Federal judge halts ICE detention centre construction at California site over environmental review

Federal judge halts ICE detention centre construction at California site over environmental review

A federal judge has granted a preliminary injunction halting construction of an ICE facility near Gilroy, California. The ruling came in response to a lawsuit filed by California Attorney General Rob Bonta and Santa Clara County. They argued that construction began without an adequate environmental assessment or consultations with local…

The Times of India

Brazil's Lula accuses social media giant Meta of election interference amid tight run-off campaign

Brazil's Lula accuses social media giant Meta of election interference amid tight run-off campaign

Social media platform Meta has 48 hours to respond to claims by Brazil's leftwing candidate and incumbent President Luiz Inacio Lula da Silva's campaign accusing the tech platform of blocking content on the company's platforms. Brazil's Superior Electoral Court on Saturday gave the social media giant 48 hours to clarify…

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Some in Florida and Alabama without power as Isaias moves north to Appalachians and Mid-Atlantic

Some in Florida and Alabama without power as Isaias moves north to Appalachians and Mid-Atlantic

Hurricane Isaias has left nearly 396,000 customers without power across the Florida Panhandle and southern Alabama

The Independent UK

Woman finds an off-duty ICE agent asleep on her lawn at 3 AM. He allegedly attacks her 72-year-old father, who fires one shot and won’t be charged

Woman finds an off-duty ICE agent asleep on her lawn at 3 AM. He allegedly attacks her 72-year-old father, who fires one shot and won’t be charged

Questions arose about ICE's legal limits.

We Got This Covered

Our Picks

Walmart shopper buys a Frigidaire ice maker and heads home. Then she opens the box and realizes she brought home a roach motel: ‘Want my money back’

What Should You Do If You Find Cockroaches in a Boxed Appliance You Just Bought?

We Got This Covered

Massachusetts man delivers tanks to a basement. Then he turns a corner and finds a life-size lion figure: ‘Everything cool, everything normal’

"Why is it so realistic?"

We Got This Covered

Woman says a man offered to buy her and her friends drinks at a bar. He shut it down after hearing what they wanted: ‘Never mind’

Their pick had him reverse course

We Got This Covered

What Is Jaleel White Worth Decades After Playing Steve Urkel?

For millions of television viewers, Jaleel White will always be Steve Urkel, the suspender-wearing neighbor who became a cultural phenomenon on “Family Matters.” But nearly three decades after the sitcom ended, White has built a career extending far beyond his unforgettable character.

Budget and the Bees

Physicians’ group calls for ban on raw milk – as it’s becoming increasingly popular in the US

As raw milk industry experiences record growth, experts say it might contain pathogens that can sicken people

The Guardian - US

San Francisco Church Criticised for Letting Adult Star Preach About 'Bodily Autonomy' in Kink-Leather

Metropolitan Community Church San Francisco has faced criticism after drag performer Honey Davenport delivered a sermon during Folsom Street Fair weekend.

International Business Times UK

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play