A near-default in 2011 had severe consequences: The stock market turned volatile, bond prices rose and the U.S. AAA credit rating was downgraded.       

Topics:  u.s aaa   default   
  • Permanent debt ceiling fix needed to address unsustainable borrowing and brinksmanship
    By - The BDN Editorial Board It was a relief when Congress agreed to fix the debt ceiling crisis — for now. Last week, the Senate passed a measure to raise the debt ceiling through Dec.
    10/14/2021 - 5:01 am | View Link
  • U.S. Congress averts default with stop-gap debt limit hike
    U.S. lawmakers rubber-stamped a short-term bill to lift the nation’s borrowing authority on Tuesday, averting the threat of a first-ever debt default — but only for a few weeks. The Democratic ...
    10/13/2021 - 6:39 am | View Link
  • McConnell's debt ceiling plan gets literally zero Republican votes
    Mitch McConnell came up with a plan to give Democrats more time to pay the GOP's debt-ceiling ransom. Zero congressional Republicans voted for it.
    10/13/2021 - 1:40 am | View Link
  • Congress moves to punt debt limit crisis into December
    The House is set to pass a bill Tuesday evening to briefly alleviate the squeeze of the debt limit, warding off an economically destructive default for just over seven weeks. Once the House fast ...
    10/12/2021 - 8:43 am | View Link
  • U.S. default on debt could cause dollar -- and standard of living -- to fall
    Congress has seemingly kicked the debt ceiling deadline down the road -- but the threat of a future default still exists.
    10/12/2021 - 1:04 am | View Link
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  • memeorandum: Yellen warns Congress has just three weeks ...
    Aris Folley / The Hill: Yellen warns Congress has just three weeks before US expected to default on debt Check out Mini-memeorandum for simple mobiles or memeorandum Mobile for modern smartphones. 10:25 AM ET, September 28, 2021
    10/14/2021 - 4:13 pm | View Website
  • U.S. Debt Default Could Come in October, Yellen Warns ...
    WASHINGTON — The United States could default on its debt sometime in October if Congress does not take action to raise or suspend the debt limit, Treasury Secretary Janet L. Yellen warned on ...
    10/13/2021 - 10:20 pm | View Website
  • Congress punts debt limit crisis into December
    Congress . Congress punts debt limit crisis into December. After failing to raise the debt ceiling through the midterms next year as Democrats had planned, the House followed the Senate’s lead ...
    10/12/2021 - 9:59 pm | View Website
  • European debt crisis
    The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, is a multi-year debt crisis that has been taking place in the European Union (EU) since the end of 2009. Several eurozone member states (Greece, Portugal, Ireland, Spain, and Cyprus) were unable to repay or refinance their government debt or to bail out over-indebted banks under their ...
    10/12/2021 - 5:06 pm | View Website
  • China developer Evergrande: debt crisis, bond default and ...
    It said that if it can't repay its debt, it may lead to a situation of "cross default" — where a default triggered in one situation may spread to other obligations, leading to broader contagion.
    10/11/2021 - 9:53 pm | View Website
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