Us Debt Crisis

With the ongoing economic crisis, rising costs, increased credit card debt and wealth disparity, many are asking what killed the "American dream".

The US Senate on Tuesday introduced a short-term funding bill to avert a partial government shutdown that can result in thousands of federal workers losing jobs.

Rpublican presidential candidate Vivek Ramaswamy has proposed a Zero-Base Federal Budgeting to solve the national debt crisis, which has now gone up to USD33 trillion.

Republican and Democratic leaders scrambled Monday to secure congressional support for a bill aimed at avoiding a catastrophic US debt default -- with just one week left before the government starts running out of money.

President Joe Biden and House Republicans have reached a deal to raise the government's debt ceiling and avert a devastating default.

US President Joe Biden and Republican leader Kevin McCarthy said they were confident Sunday of pushing a debt crisis deal through Congress and avoiding a cataclysmic default, despite skepticism from some lawmakers on both sides of the aisle.

President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.

President Joe Biden is not planning to invoke the 14th Amendment to prevent a US debt default, the White House said Tuesday, ruling out a constitutional solution to the current debt impasse.

Bitcoin and Ether recorded gains after over a week in trading in losses. Cardano, Solana, and Tron recorded profits alongside Dogecoin and Shiba Inu. Only some altcoins registered losses today, which include Leo, Circuits of Value, and Kishu Inu. The valuation of the overall crypto market went up by 2.69 percent in the last 24 hours.

The US faces a deadline as soon as June 1 to raise the country's borrowing limit, now at $31 trillion, to keep paying the nation's bills.

The overall valuation of the crypto sector rose by 0.48 percent in the last 24 hours. As Bitcoin and Ether recorded miniscule gains, they were joined by Litecoin, Polkadot, and Cardano on the profit-making side of the crypto price tracker. Shiba Inu joined Stellar and Bitcoin Cash in settling in losses.

Joe Biden and opposition Republican leaders on Tuesday offered hope of a deal that could avoid a catastrophic US debt default, although the president was forced to shorten an upcoming Asia-Pacific tour for further crisis talks.

US President Joe Biden will cut short a major trip to Asia this week, returning Sunday to Washington for high-stakes negotiations with Republicans to avert a potentially catastrophic debt default, according to two people familiar with his plans.

If US defaults, the federal government won't be able to pay salaries of federal employees, the military, social security and medicare. It will also shock global markets.

The United States is concerned about debt owed to China by Pakistan and other countries, U.S. State Department Counselor Derek Chollet said on Thursday during a visit to Islamabad as the country dealt with an economic crisis.

With the ongoing economic crisis, rising costs, increased credit card debt and wealth disparity, many are asking what killed the "American dream".

The US Senate on Tuesday introduced a short-term funding bill to avert a partial government shutdown that can result in thousands of federal workers losing jobs.

Rpublican presidential candidate Vivek Ramaswamy has proposed a Zero-Base Federal Budgeting to solve the national debt crisis, which has now gone up to USD33 trillion.

Republican and Democratic leaders scrambled Monday to secure congressional support for a bill aimed at avoiding a catastrophic US debt default -- with just one week left before the government starts running out of money.

President Joe Biden and House Republicans have reached a deal to raise the government's debt ceiling and avert a devastating default.

US President Joe Biden and Republican leader Kevin McCarthy said they were confident Sunday of pushing a debt crisis deal through Congress and avoiding a cataclysmic default, despite skepticism from some lawmakers on both sides of the aisle.

President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.

President Joe Biden is not planning to invoke the 14th Amendment to prevent a US debt default, the White House said Tuesday, ruling out a constitutional solution to the current debt impasse.

Bitcoin and Ether recorded gains after over a week in trading in losses. Cardano, Solana, and Tron recorded profits alongside Dogecoin and Shiba Inu. Only some altcoins registered losses today, which include Leo, Circuits of Value, and Kishu Inu. The valuation of the overall crypto market went up by 2.69 percent in the last 24 hours.

The US faces a deadline as soon as June 1 to raise the country's borrowing limit, now at $31 trillion, to keep paying the nation's bills.

The overall valuation of the crypto sector rose by 0.48 percent in the last 24 hours. As Bitcoin and Ether recorded miniscule gains, they were joined by Litecoin, Polkadot, and Cardano on the profit-making side of the crypto price tracker. Shiba Inu joined Stellar and Bitcoin Cash in settling in losses.

Joe Biden and opposition Republican leaders on Tuesday offered hope of a deal that could avoid a catastrophic US debt default, although the president was forced to shorten an upcoming Asia-Pacific tour for further crisis talks.

US President Joe Biden will cut short a major trip to Asia this week, returning Sunday to Washington for high-stakes negotiations with Republicans to avert a potentially catastrophic debt default, according to two people familiar with his plans.

If US defaults, the federal government won't be able to pay salaries of federal employees, the military, social security and medicare. It will also shock global markets.

The United States is concerned about debt owed to China by Pakistan and other countries, U.S. State Department Counselor Derek Chollet said on Thursday during a visit to Islamabad as the country dealt with an economic crisis.