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The high-stakes debt ceiling fight could be a $12 trillion blow to the American economy: Here are 3 disasters a default would trigger

Janet Yellen has warned that defaulting on the debt would be a "catastrophe," but do you really know what that means?

Fortune

The ‘dysfunctional’ debt ceiling fight could cause a $12 trillion blow to the American economy if Washington doesn’t get its act together

There have been 78 debt ceiling deals since 1960 and zero failures. Could this time really be different?

Fortune

Biden Stays Optimistic About The Debt Ceiling Deal As The Clock Ticks On Negotiations

Stocks plunged showing concerns in regard to the debt ceiling as the president face criticisms from Republicans.

Zenger

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What you need to know about the debt ceiling as the deadline looms

What is the debt ceiling? What could happen if it's not raised? Here are answers to questions you may be asking about the debt limit and the fight over it.

WEKU

The housing market correction would regain new life if the U.S. defaults, says Moody’s chief economist

The U.S. Treasury could run out of cash as soon as early June. That could deliver a big hit to the housing market.

Fortune

Should US get rid of debt ceiling altogether? Lawmakers consider it as crisis looms

Its weaponization threatens US economic standing, so some are considering doing away with the ‘anachronistic’ rule

The Guardian - US

The Power of Branding: 3 Stocks With Strong Brand Recognition to Buy

Looming concerns of a recession and the banking crisis might keep the stock market under pressure for longer. Amid heightened volatility in the stock market, Coca-Cola (KO), Starbucks (SBUX), and Chipotle Mexican Grill (CMG), which have solid brand recognition, might be ideal buys. Keep reading.

StockNews.com

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Senate Democrats highlight ‘terrible choice’ of Republicans’ debt ceiling plan

Republican proposal mocked as ‘Default on America Act’ at hearing drawing attention to potential cuts to key programs

The Guardian - US

Republican debt cap plan to cut US jobs, slow growth: Economist

Moody’s chief economist told a US Senate panel that the Republican plan will ‘meaningfully increase’ recession chances.

Al Jazeera

Democrats pressure GOP on debt limit, spending cuts

Senate Democrats are looking to pressure Republicans into resolving the impasse on the debt ceiling

The Independent UK

The U.S. economy is losing steam. Bank woes and other hurdles are to blame.

The country's GDP growth is slowing as banks cut back on credit and the Federal Reserve tries to crack down on inflation.

WEKU

Housing market analysts are divided: Zillow and Moody’s issue starkly different home price forecasts for the nation’s 400 largest markets

Here's a closer look at regional housing forecast models produced by Zillow and Moody's.

Fortune

Intensity and insults rise as lawmakers debate debt ceiling

This year’s debt ceiling debate has a different feel to it for some lawmakers

The Independent UK

Billionaire investor Barry Sternlicht says the Fed's rate hikes are like using a 'steamroller' to 'kill a small fly' and warns the economy is about to 'hit the wall'

The billionaire investor says interest rate hikes are undermining the economy and could lead to more bank turmoil.

Fortune

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Fortune

Moody's Mark Zandi: Fed's rate hike is 'disappointing'

The Federal Reserve risks "raising rates too high too fast," Zandi tweeted. “That will be on them.”

Tribune News Service

Debt limit action needed by mid-August, analysts warn. Here are 5 possible scenarios

WASHINGTON — Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act to raise or suspend the statutory debt limit by then.

Tribune News Service

Debt limit action needed by mid-August, analysts warn

Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act to raise or suspend the statutory debt limit by then.

Roll Call

Debt limit action needed by mid-August, analysts warn - Roll Call

Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act.

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Los Angeles Times

Wait, layoffs and job growth? What's going on with the economy and is recession still coming?

WASHINGTON — Only a few months ago many economists warned that a recession was not just inevitable, it was around the corner. Inflation would take years to curb. Surging unemployment was on its way.

Tribune News Service

As property prices retreat, top economist isn’t expecting recession

The U.S. economy is likely to avoid a recession, even with a downturn in housing and commercial real estate, economist Mark Zandi predicts.

The Independent UK

State of the Union: Biden sees economic glow, GOP sees gloom

Going into Tuesday’s State of the Union address, President Joe Biden sees a nation with a glowing economic future

WEKU

The U.S. economy ended 2022 on a high note. This year is looking different

The U.S. economy grew at an annual rate of 2.9% in the final three months of last year — a surprisingly strong finish. But growth is expected to slow in 2023, and possibly even reverse.

Miami Herald

The Week Ahead: Waiting for the recession during the economic recovery

The end of last year was supposed to be an economic dud. It wasn’t. Instead, the American economy likely continued its rebound.

Fortune

Moody’s vs. Zillow: Each firm’s 2023 home price outlook for over 300 regional housing markets

Economists are divided as to whether the housing correction is simply a minor setback for home price growth or the early innings of a sharper correction.

Fortune

Is the housing market recession nearing a trough? Experts detect a little rise in activity

The seasonally adjusted Mortgage Purchase Application Index just rose 24.7%.

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