Warning: Constant WP_MEMORY_LIMIT already defined in /home/digit/public_html/wp-config.php on line 98
Warning: Cannot modify header information - headers already sent by (output started at /home/digit/public_html/wp-config.php:98) in /home/digit/public_html/wp-includes/feed-rss2.php on line 8 US debt default – DIGIT INFO
https://www.digit.info
Bookmarking Crypto InsightsMon, 15 May 2023 01:04:56 +0000en-US
hourly
1 https://wordpress.org/?v=6.9.4https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.pngUS debt default – DIGIT INFO
https://www.digit.info
3232Harvard Economics Professor: US Default Could Spark Global Financial Crisis
https://www.digit.info/harvard-economics-professor-us-default-could-spark-global-financial-crisis/
Mon, 15 May 2023 01:04:56 +0000https://www.digit.info/2023/05/15/harvard-economics-professor-us-default-could-spark-global-financial-crisis/Read more]]>Harvard economics professor Kenneth Rogoff, who previously served as the chief economist at the International Monetary Fund (IMF), has warned that the U.S. defaulting on its debt obligations could spark a global financial crisis. “It’s a very perilous situation and we are in unknown waters,” he warned. Harvard Professor of Economics Kenneth Rogoff on U.S. […]
]]>US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns
https://www.digit.info/us-government-faces-significant-risk-of-default-in-june-congressional-budget-office-warns/
Sun, 14 May 2023 00:49:59 +0000https://www.digit.info/2023/05/14/us-government-faces-significant-risk-of-default-in-june-congressional-budget-office-warns/Read more]]>The Congressional Budget Office (CBO) has stressed that “there is a significant risk that the Treasury will run out of funds at some point in the first two weeks of June” if the debt ceiling is not raised or suspended. The CBO’s projection is in line with the estimate by the Treasury Department that a […]
]]>IMF Warns of ‘Very Serious Repercussions’ if US Defaults on Debt Obligations
https://www.digit.info/imf-warns-of-very-serious-repercussions-if-us-defaults-on-debt-obligations/
Sat, 13 May 2023 02:45:03 +0000https://www.digit.info/2023/05/13/imf-warns-of-very-serious-repercussions-if-us-defaults-on-debt-obligations/Read more]]>The International Monetary Fund (IMF) has warned of “very serious repercussions” to both the U.S. and the global economy if the U.S. defaults on its debt obligations, which could be as soon as June 1. “We are calling on all of the parties to come together, reach consensus, and resolve the matter as quickly as […]
]]>SEC Chair Warns US Default Would Have ‘Significant’ and ‘Lasting Effects’ on Investors, Markets
https://www.digit.info/sec-chair-warns-us-default-would-have-significant-and-lasting-effects-on-investors-markets/
Fri, 12 May 2023 03:30:10 +0000https://www.digit.info/2023/05/12/sec-chair-warns-us-default-would-have-significant-and-lasting-effects-on-investors-markets/Read more]]>Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that the U.S. Treasury defaulting on its debt obligations “would have very significant, hard to predict, and likely lasting effects on investors, issuers, and markets alike.” Gensler stressed: “We’ve already seen an effect in the pricing and liquidity of short-dated Treasury bills and continue to […]
]]>Donald Trump Urges Republicans to Let US Default on Debt if Democrats Don’t Agree to Spending Cuts
https://www.digit.info/donald-trump-urges-republicans-to-let-us-default-on-debt-if-democrats-dont-agree-to-spending-cuts/
Thu, 11 May 2023 22:35:03 +0000https://www.digit.info/2023/05/11/donald-trump-urges-republicans-to-let-us-default-on-debt-if-democrats-dont-agree-to-spending-cuts/Read more]]>Former U.S. President Donald Trump has urged Republican lawmakers to let the U.S. default on its debt obligations if the Democrats do not agree on “massive” spending cuts. Trump, who is also running for president in 2024, stressed that letting the U.S. default is “better than what we’re doing right now because we’re spending money […]
]]>Lawmaker Warns US Default Risks Dollar’s Reserve Currency Status, Exploitation by China and Russia
https://www.digit.info/lawmaker-warns-us-default-risks-dollars-reserve-currency-status-exploitation-by-china-and-russia/
Wed, 10 May 2023 03:20:02 +0000https://www.digit.info/2023/05/10/lawmaker-warns-us-default-risks-dollars-reserve-currency-status-exploitation-by-china-and-russia/Read more]]>The top Democrat on the House Intelligence Committee has warned that China and Russia would seek to exploit the chaos resulting from a U.S. default. He further cautioned that the U.S. dollar’s reserve currency status could be eroded if the U.S. defaults on its debt obligations. U.S. Lawmaker’s Debt Default Warning Congressman Jim Himes (D-CT), […]
]]>Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’
https://www.digit.info/fed-chair-warns-of-uncertain-and-adverse-consequences-of-us-debt-default-wed-be-in-uncharted-territory/
Sat, 06 May 2023 02:49:58 +0000https://www.digit.info/2023/05/06/fed-chair-warns-of-uncertain-and-adverse-consequences-of-us-debt-default-wed-be-in-uncharted-territory/Read more]]>Federal Reserve Chairman Jerome Powell has warned of “highly uncertain and adverse” economic consequences if the U.S. defaults on its debt obligations. “No one should assume that the Fed can protect the economy from the potential short and long-term effects of a failure to pay our bills on time,” he further cautioned. Fed Chair Jerome […]
]]>Standard Chartered Analyst: BTC to Surge by $20,000 if the US Defaults on Debt Obligations
https://www.digit.info/standard-chartered-analyst-btc-to-surge-by-20000-if-the-us-defaults-on-debt-obligations/
Wed, 03 May 2023 07:19:56 +0000https://www.digit.info/2023/05/03/standard-chartered-analyst-btc-to-surge-by-20000-if-the-us-defaults-on-debt-obligations/Read more]]>Geoff Kendrick, the head of forex research at the banking institution Standard Chartered, recently said that the price of bitcoin is likely to jump by $20,000 in the event of the United States defaulting on its obligations. According to Kendrick, while bitcoin is likely to surge when the U.S. defaults, other cryptocurrencies like ethereum are […]
]]>Russia Monitoring US Economy Amid Possible Default, Says Official
https://www.digit.info/russia-monitoring-us-economy-amid-possible-default-says-official/
Wed, 03 May 2023 04:30:08 +0000https://www.digit.info/2023/05/03/russia-monitoring-us-economy-amid-possible-default-says-official/Read more]]>Russia is closely monitoring the U.S. economy amid discussions of the U.S. government defaulting on its debt obligations. Treasury Secretary Janet Yellen said the Treasury will be unable to pay the government’s bills if Congress does not act by June 1. Russia Monitoring US Economy in Case of Debt Default Russia is closely monitoring the […]
]]>Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1
https://www.digit.info/treasury-secretary-yellen-warns-us-could-default-on-its-debt-by-june-1/
Tue, 02 May 2023 02:30:01 +0000https://www.digit.info/2023/05/02/treasury-secretary-yellen-warns-us-could-default-on-its-debt-by-june-1/Read more]]>U.S. Treasury Secretary Janet Yellen has warned that the Treasury will not be able to pay all of the government’s debt “as early as June 1, if Congress does not raise or suspend the debt limit before that time.” Yellen also cautioned that the U.S. defaulting on its debt obligations “would produce an economic and […]
Harvard economics professor Kenneth Rogoff, who previously served as the chief economist at the International Monetary Fund (IMF), has warned that the U.S. defaulting on its debt obligations could spark a global financial crisis. “It’s a very perilous situation and we are in unknown waters,” he warned. Harvard Professor of Economics Kenneth Rogoff on U.S. […]
The Congressional Budget Office (CBO) has stressed that “there is a significant risk that the Treasury will run out of funds at some point in the first two weeks of June” if the debt ceiling is not raised or suspended. The CBO’s projection is in line with the estimate by the Treasury Department that a […]
The International Monetary Fund (IMF) has warned of “very serious repercussions” to both the U.S. and the global economy if the U.S. defaults on its debt obligations, which could be as soon as June 1. “We are calling on all of the parties to come together, reach consensus, and resolve the matter as quickly as […]
Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that the U.S. Treasury defaulting on its debt obligations “would have very significant, hard to predict, and likely lasting effects on investors, issuers, and markets alike.” Gensler stressed: “We’ve already seen an effect in the pricing and liquidity of short-dated Treasury bills and continue to […]
Former U.S. President Donald Trump has urged Republican lawmakers to let the U.S. default on its debt obligations if the Democrats do not agree on “massive” spending cuts. Trump, who is also running for president in 2024, stressed that letting the U.S. default is “better than what we’re doing right now because we’re spending money […]
The top Democrat on the House Intelligence Committee has warned that China and Russia would seek to exploit the chaos resulting from a U.S. default. He further cautioned that the U.S. dollar’s reserve currency status could be eroded if the U.S. defaults on its debt obligations. U.S. Lawmaker’s Debt Default Warning Congressman Jim Himes (D-CT), […]
Federal Reserve Chairman Jerome Powell has warned of “highly uncertain and adverse” economic consequences if the U.S. defaults on its debt obligations. “No one should assume that the Fed can protect the economy from the potential short and long-term effects of a failure to pay our bills on time,” he further cautioned. Fed Chair Jerome […]
Geoff Kendrick, the head of forex research at the banking institution Standard Chartered, recently said that the price of bitcoin is likely to jump by $20,000 in the event of the United States defaulting on its obligations. According to Kendrick, while bitcoin is likely to surge when the U.S. defaults, other cryptocurrencies like ethereum are […]
Russia is closely monitoring the U.S. economy amid discussions of the U.S. government defaulting on its debt obligations. Treasury Secretary Janet Yellen said the Treasury will be unable to pay the government’s bills if Congress does not act by June 1. Russia Monitoring US Economy in Case of Debt Default Russia is closely monitoring the […]
U.S. Treasury Secretary Janet Yellen has warned that the Treasury will not be able to pay all of the government’s debt “as early as June 1, if Congress does not raise or suspend the debt limit before that time.” Yellen also cautioned that the U.S. defaulting on its debt obligations “would produce an economic and […]