Harvard Economics Professor: US Default Could Spark Global Financial Crisis
Harvard economics professor Kenneth Rogoff, who previously served as the chief economist at the International Monetary Fund (IMF), has warned…
US Government Faces ‘Significant Risk’ of Default in June, Congressional Budget Office Warns
The Congressional Budget Office (CBO) has stressed that “there is a significant risk that the Treasury will run out of…
IMF Warns of ‘Very Serious Repercussions’ if US Defaults on Debt Obligations
The International Monetary Fund (IMF) has warned of “very serious repercussions” to both the U.S. and the global economy if…
SEC Chair Warns US Default Would Have ‘Significant’ and ‘Lasting Effects’ on Investors, Markets
Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that the U.S. Treasury defaulting on its debt obligations “would…
Donald Trump Urges Republicans to Let US Default on Debt if Democrats Don’t Agree to Spending Cuts
Former U.S. President Donald Trump has urged Republican lawmakers to let the U.S. default on its debt obligations if the…
Lawmaker Warns US Default Risks Dollar’s Reserve Currency Status, Exploitation by China and Russia
The top Democrat on the House Intelligence Committee has warned that China and Russia would seek to exploit the chaos…
Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’
Federal Reserve Chairman Jerome Powell has warned of “highly uncertain and adverse” economic consequences if the U.S. defaults on its…
Standard Chartered Analyst: BTC to Surge by $20,000 if the US Defaults on Debt Obligations
Geoff Kendrick, the head of forex research at the banking institution Standard Chartered, recently said that the price of bitcoin…
Russia Monitoring US Economy Amid Possible Default, Says Official
Russia is closely monitoring the U.S. economy amid discussions of the U.S. government defaulting on its debt obligations. Treasury Secretary…
Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1
U.S. Treasury Secretary Janet Yellen has warned that the Treasury will not be able to pay all of the government’s…
