The United States Department of the Treasury is seen in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Register WASHINGTON/LONDON, July 22 (Reuters) – The U.S. Treasury issued a special waiver on Friday to allow investors with Russian default protection policies, known as Credit Default . […]

The U.S. Treasury Department is expected to tighten sanctions this week on Russia, threatening about $1 billion owed to bondholders for the rest of this year and putting the country once again on the edge of default. Treasury Secretary Janet Yellen said last week she’s unlikely to extend an exemption expiring Wednesday that allows Russia […]

Women walk past a board showing the U.S. dollar and euro signs in a street in Saint Petersburg, Russia February 25, 2022. REUTERS/Anton Vaganov Register now for FREE unlimited access to Register WASHINGTON, March 14 (Reuters) – A default on Russia’s sovereign debt would add further pain to Russia’s economy and financial system, making […]

Speaker of the House Nancy Pelosi (D-CA) talks to reporters during her weekly news conference in the U.S. Capitol Visitors Center on December 02, 2021 in Washington, DC. Chip Somodevilla | Getty Images The House took a first step Tuesday toward preventing a possible default on U.S. debt. The chamber passed a bill that would […]

The Senate, the upper chamber of Congress, decided on Thursday by a vote of 50-48 to extend the debt ceiling until early December. The bill will now be sent to the House of Representatives for approval before it can be sent to President Biden for his signature. Source link

Analysis | The world is questioning Washington’s competence, fearing prospect of U.S. default  The Washington Post Source link

WASHINGTON, Oct 4 (Reuters) – President Joe Biden said on Monday the federal government could breach its $28.4 trillion debt limit in a historic default unless Republicans join Democrats in voting to raise it in the two next weeks. Senate Republicans, led by Minority Leader Mitch McConnell, have twice in recent weeks blocked action to […]

Sept 30 (Reuters) – Treasury Secretary Janet Yellen on Thursday agreed that any default on U.S. debt would cause irreparable harm as well as an ensuing financial crisis and recession. Yellen, asked by a member of the House Financial Services Committee if the damage done by failure to meet the federal government’s debt obligations would […]

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