Treasury Warns Debt Default Could Trigger 2008-Style Crisis
Treasury warned on the third day of the federal government shutdown that a default could shake the financial system to its core.
Valliere Sees ‘Worst-Case Scenario’ in Debt Ceiling Fight
A “worst-case scenario” is becoming more likely as both sides of Congress have “hardened” their positions, says political strategist Greg Valliere.
Friedman: ‘Twin Threats’ of Government Shutdown, Debt Default Could Roil Markets
A “volatile September” may be in store, Andy Friedman says, if Congress fails to deal with the looming debt limit crisis.
Marc Faber: 3 Reasons a Crash Is Coming
Defying current conventional wisdom, market doomsayer calls U.S. equities a "better sell than a buy."
Congress Girds for Another Debt Fight as Deficit Shrinks
The deficit is at its lowest level since late 2008, LPL's John Canally writes; PIMCO and Washington Analysis weigh in on the battle ahead.
Obama on Sequester: ‘No Smart Way’ to Cut $85 Billion in 7 Months
Meanwhile, Fed Chairman Ben Bernanke said the cuts would cause a 0.6 percentage-point drag on growth this year, and Speaker Boehner said senators should "get off their ass" and pass a replacement.
Sequestration Cuts Imminent; Government Shutdown Looms
As the nation braced for the $85 billion in sequestration cuts to kick in on March 1, Joe Lieber of Washington Analysis laid out the “numerous tools available” to blunt sequestration’s impact.
Obama Presses for Delay, but Sequestration Cuts Imminent
President Barack Obama urged Congress Tuesday to delay the looming sequestration cuts by passing a package of both spending cuts and tax hikes, but reports said Wednesday that Obama’s plan was DOA in the House.
Obama: GOP Holds Nation Hostage on Debt Ceiling
President Obama dispelled any doubt Monday as to whether the fiscal fight over government spending is going to be bare-knuckled.
House Passes Fiscal Cliff Bill, Averting Plunge—for Now
House passes Senate bill, 257-167, shortly before midnight, sending legislation to President Barack Obama to sign.