Archive for April 2023

WASHINGTON — President Joe Biden and Treasury Secretary Janet Yellen warned Tuesday of a potential economic crisis if a deal isn’t reached to increase the federal debt ceiling. They raised the alarm during speeches to the National Association of Counties, which was holding a conference in Washington. Biden said many local governments have recovered from…

The billionaire’s warning comes as the White House and Republicans in Congress are at an impasse over raising the debt ceiling US debt default a matter of time – Musk Tesla and Twitter chief executive Elon Musk, who has been calling for US government spending reductions, said on Wednesday that a debt default was just…