President Biden and Speaker Kevin McCarthy reached an agreement over the weekend to lift the debt ceiling by more than $4 trillion until 2025, narrowly avoiding the financial turmoil that would have ensued following a default. Because of the approximately 10% increase in fiscal year 2023 ... READ MORE >
default
What would happen if the government defaults on its debt?
Another debt ceiling crisis is approaching, and it is in no one’s best interest. Policy brinksmanship over lifting the debt ceiling and the threat of default it brings is increasing the cost of doing business and carries far more risk than is commonly acknowledged. At its core, the stand-off ... READ MORE >