WebAug 26, 2024 · The ceiling on the national debt needs to be either raised or suspended; otherwise, the federal government will run out of cash and gimmicks in a few weeks. Democrats are intent on passing a ... WebOct 1, 2024 · The top 20% own approximately 90% of the stock market. A worst-case debt default would wipe out $15 trillion in stock market value according to Moody’s. $13.5 trillion wealth destruction for the top 20%. retirees would be screwed, losing about $7.5 trillion on paper, or more than $1 trillion per month.
The Debt Ceiling Debate: How An Increase Could Affect You
WebFeb 3, 2024 · From 2013 through the end of 2024, the U.S. debt grew by nearly 86%, according to Treasury Department data. The debt to gross domestic product (GDP) ratio, a bellwether metric for a country's ability to pay down its … WebMar 29, 2024 · “While the debt ceiling issue potentially raises challenges for the bond market, investors may also become concerned with the level of debt that continues to emerge in the current federal spending … flex pleasure company
4 Things Investors Need to Know About the Debt Ceiling Crisis…
WebJan 25, 2024 · The Congressional Budget Office estimated the federal government to run a $3.3 trillion deficit for the 2024 fiscal year in a September 2024 report. The 2024 deficit … WebFeb 26, 2024 · Boehner Bill: A bill tabled by Speaker of the House John Boehner that aimed to save $917 billion over 10 years through government spending cuts. The Boehner Bill proposed to effect these savings ... WebJan 18, 2024 · Both the U.S. dollar and Treasury bonds are considered to be among the safest assets in the world. But a default on the national debt would show the world that the U.S. dollar and Treasury bonds ... flexplate wrench