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The Latest Breaking News from Janet Yellen

Yellen triples down on debt ceiling deadline

President Biden and Speaker McCarthy are scheduled to meet tonight.

Axios

McCarthy, Biden to meet on US debt crisis as time runs short

Washington (AFP) - US President Joe Biden and top Republican Kevin McCarthy prepared Monday for their first one-on-one talks in months, with just 10 days left to stop the government tumbling into a calamitous default on its $31.8 trillion debt.

AFP

Debt ceiling showdowns aren’t new – but this time gonzo Republicans are ready to blow up the economy

Republicans like Marjorie Taylor Greene and nihilists like Trump are more committed to gaining power than to cutting the government debt

The Guardian - US

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read the most diverse news in one place.

Stocks Set to Open Higher as Investors Await FOMC Minutes, U.S. Debt-Ceiling Talks in Focus

June S&P 500 futures (ESM23) are up +0.09%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.12% this morning as market participants continued to monitor U.S. debt-ceiling negotiations while awaiting the release of the Fed’s favorite inflation gauge and the minutes of the Federal Reserve’s latest policy meeting.

Barchart

Goldman Sachs estimates Janet Yellen has two more weeks before running out of cash

The U.S. government's cash reserves are dwindling, and soon the Treasury will have to flood the market with over half a trillion dollars in new IOUs.

Fortune

Yellen Says America May Not Pay Its Bills

The White House and House Speaker Kevin McCarthy still haven't reached an agreement on raising the debt ceiling, which threatens to trigger a US default.

The Street

Worried About the Debt Fight? Make the Hard Spending Decisions That Politicians Won't!

The debt ceiling isn’t the issue; excessive federal spending is the real problem.

Reason

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Stock Futures Flat; Biden-McCarthy Debt Meeting; EU Fines Meta; Ford Capital-Markets Day; Micron-China -- Five Things to Know

U.S. stock futures are flat as the president and House speaker are set to meet to solve the debt-limit dispute. Treasury Secretary Yellen affirms June 1 debt-ceiling deadline. EU privacy regulators fine Facebook's parent. Ford will outline its EV plans. And China says Micron chips pose a security risk.

The Street

Stocks Set to Open Lower as Investors Await FOMC Minutes, U.S. Debt-Ceiling Talks in Focus

June S&P 500 futures (ESM23) are down -0.03%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.14% this morning as market participants continued to monitor U.S. debt-ceiling negotiations while awaiting the release of the Fed’s favorite inflation gauge and the minutes of the Federal Reserve’s latest policy meeting.

Barchart

Stocks Set to Open Mixed as Investors Await FOMC Minutes, U.S. Debt-Ceiling Talks in Focus

June S&P 500 futures (ESM23) are down -0.03%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.01% this morning as market participants continued to monitor U.S. debt-ceiling negotiations while awaiting the release of the Fed’s favorite inflation gauge and the minutes of the Federal Reserve’s latest policy meeting.

Barchart

Biden and McCarthy say debt limit meeting was productive but it ends without a deal

The two leaders met in person Monday at the White House after a "productive" phone call on Sunday about the debt ceiling. The U.S. could run out of money to pay its bills as early as June 1.

WEKU

Debt ceiling explained: Why it's a struggle in Washington and how the impasse could end

President Joe Biden and House Speaker Kevin McCarthy are to meet face to face on Monday after a weekend of on again, off again negotiations over raising the nation’s debt ceiling

The Independent UK

Yellen Sends Final Warning About America

The White House and House Speaker Kevin McCarthy still haven't reached an agreement on raising the debt ceiling, which threatens to trigger a US default.

The Street

Yellen Sends Final Warning to White House And Congress

The White House and House Speaker Kevin McCarthy still haven't reached an agreement on raising the debt ceiling, which threatens to trigger a US default.

The Street

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The Independent UK

Biden and McCarthy to resume talks Monday as debt ceiling deadline looms

United States expected to hit default deadline on 1 June

The Street

Yellen Warns the U.S. Is at the Cliff's Edge

The White House and House Speaker Kevin McCarthy still haven't reached an agreement on raising the debt ceiling, which threatens to trigger a US default.

Tribune News Service

Biden, McCarthy to meet Monday, as staff debt-limit talks resume

Debt-limit negotiators resumed discussions in Washington ahead of a meeting on Monday between President Joe Biden and House Speaker Kevin McCarthy, as time grows short to avert a U.S. default.

Salon

No deal on debt ceiling hike

"DOJ can and SHOULD admit that the plaintiff is right," one political observer said of NAGE's case

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news in one place.

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The Guardian - US

A US debt default could crush small businesses. So what can we do?

It sounds obvious, but it’s a fact that my very best small-business clients are always thinking ahead

Fortune

The ‘dysfunctional’ debt ceiling fight could cause a $12 trillion blow to the American economy if Washington doesn’t get its act together

There have been 78 debt ceiling deals since 1960 and zero failures. Could this time really be different?

Fortune

The high-stakes debt ceiling fight could be a $12 trillion blow to the American economy: Here are 3 disasters a default would trigger

Janet Yellen has warned that defaulting on the debt would be a "catastrophe," but do you really know what that means?

The Street

What Is the U.S. Debt Ceiling & How Does It Work?

Just like individuals and businesses, governments often borrow money to finance various operations. The bulk of the United States’ outstanding debt is in the form of treasury securities, and the total amount owed by the federal government is known as the national debt. As of this article’s last ...

Investors Business Daily

Dow Jones Futures Rise: Biden-McCarthy Debt-Ceiling Talks Loom; China Move Hits Micron

President Biden and House Speaker McCarthy hold debt-ceiling talks today. Micron fell on new China sanctions, with other chip stocks down.

Kiplinger

Stock Market Today: Stocks Turn Lower Amid Debt Ceiling Setback

The major indexes swung lower Friday after lawmakers reached an impasse in debt ceiling negotiations.

The Street

Yellen Sends a Chilly Message to U.S. Banks

The banking crisis is not over and additional bank consolidations may be needed.

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People

Marjorie Taylor Greene

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