Bitcoin Price Climbs To $28,200 – US Debt Ceiling Deal Catalyst To New Highs?
Bitcoin price is up almost 10% since Saturday, May 27, when US President Biden and Republican McCarthy engaged in a one-and-a-half-hour call.
The debt ceiling is an awkward place to talk about spending
The debt ceiling snafu, which has the potential to wreck the US economy, is a civics lesson in the bizarrely inefficient way the American government spends your money.
Some Senate Democrats urge Biden to prepare to invoke the 14th Amendment to tackle the debt limit
Some Senate Democrats are circulating a letter urging President Joe Biden to prepare to invoke the 14th Amendment to lift the debt ceiling.
What Does the Debt Limit Showdown Mean for Bitcoin?
A U.S. debt default could catapult the cryptocurrency onto the international stage.
What America does after a debt-ceiling disaster
Magical solutions will not get it far, leaving an agonising fallback | Finance & economics
US edges closer to debt default, and other economy stories you need to read this week
Economy news: US nears default amid debt ceiling deadlock; Banking crisis prompts G7 focus on finance system resilience; Debt troubles rise in North Africa.
US warned of financial catastrophe
The country faces a recession if it defaults on its debt the Treasury Secretary has said US Treasury Secretary Janet Yellen on Saturday w
US default risk raises alarms across Wall Street – here’s what Jamie Dimon, Larry Summers, Nouriel Roubini and others say as debt ceiling is reached
“We should never question the credit worthiness of the United States government,” Jamie Dimon told CNBC. “That is sacrosanct. It should never happen.”
We could soon be facing the biggest financial crisis in history as Republicans threaten to stop paying America’s bills
Republicans are using the debt ceiling as a bargaining chip, and their actions could torpedo the economy in the process.
There Is Potential For More Capitulation From Bitcoin Miners
More announcements from public bitcoin miners on potential capitulation. Debt needs to be paid and cash is tight due to high hash rate and a low bitcoin price.