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3232146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’
https://www.digit.info/146-top-executives-urge-biden-to-prevent-us-default-warns-of-disastrous-consequences/
Wed, 17 May 2023 23:30:44 +0000https://www.digit.info/2023/05/17/146-top-executives-urge-biden-to-prevent-us-default-warns-of-disastrous-consequences/Read more]]>Top executives from 146 major companies in the U.S. — including Morgan Stanley, Goldman Sachs, Nasdaq, and Pfizer — have urged President Joe Biden and congressional leaders to act swiftly to prevent the U.S. from defaulting on its debt, which could occur as early as June 1. They warned of “potentially disastrous consequences” if the […]
]]>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 […]
]]>Goldman Sachs, Yellen Warn of US Default’s ‘Catastrophic Consequences’ — ‘There Is Real Risk to US Dollar’
https://www.digit.info/goldman-sachs-yellen-warn-of-us-defaults-catastrophic-consequences-there-is-real-risk-to-us-dollar/
Fri, 12 May 2023 00:49:56 +0000https://www.digit.info/2023/05/12/goldman-sachs-yellen-warn-of-us-defaults-catastrophic-consequences-there-is-real-risk-to-us-dollar/Read more]]>A Goldman Sachs executive who also serves as the chair of a Treasury advisory committee has warned that a U.S. default poses “real risk to the U.S. dollar.” She stressed: “Anything that moves us away from being viewed as the world’s reserve currency, of being the safest most liquid asset in the world, is bad […]
]]>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), […]
]]>Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan
https://www.digit.info/bank-of-america-is-preparing-for-possible-us-debt-default-says-ceo-brian-moynihan/
Wed, 08 Feb 2023 01:30:30 +0000https://www.digit.info/2023/02/08/bank-of-america-is-preparing-for-possible-us-debt-default-says-ceo-brian-moynihan/Read more]]>Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury Secretary Janet Yellen says “every responsible member of Congress must agree to raise the debt ceiling.” Bank of America CEO Brian Moynihan […]
Top executives from 146 major companies in the U.S. — including Morgan Stanley, Goldman Sachs, Nasdaq, and Pfizer — have urged President Joe Biden and congressional leaders to act swiftly to prevent the U.S. from defaulting on its debt, which could occur as early as June 1. They warned of “potentially disastrous consequences” if the […]
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 […]
A Goldman Sachs executive who also serves as the chair of a Treasury advisory committee has warned that a U.S. default poses “real risk to the U.S. dollar.” She stressed: “Anything that moves us away from being viewed as the world’s reserve currency, of being the safest most liquid asset in the world, is bad […]
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), […]
Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury Secretary Janet Yellen says “every responsible member of Congress must agree to raise the debt ceiling.” Bank of America CEO Brian Moynihan […]