Tag: debt ceiling

Goldman Sachs Group Inc. lowered its probability of a U.S. recession over the next 12 months to 25% after the government's anxiously-awaited debt ceiling deal was signed into law. This comes after the investment group upgraded its recession probability to 35% following the collapse...

U.S. President Joe Biden on Saturday signed a bill suspending the government's $31.4 trillion debt ceiling, thereby averting what would have been an unprecedented default. The legislation passed votes in both the House of Representatives and the Senate this past week after Biden and House...

U.S. stocks advanced on Thursday morning after the House of Representatives passed a bill proposing to raise the government's debt ceiling on Wednesday evening. This development has helped to subdue widespread market anxiety, particularly due to the approaching June 1 deadline, when an unprecedented...

U.S. futures advanced during Tuesday's morning session as investors wait for the U.S. debt-ceiling deal to be presented before Congress. Policymakers are under pressure to pass the legislation into law before the June 1 deadline so as to avert an unprecedented default that would...

Oil remained little changed on Monday as traders wait to see if lawmakers approve the U.S. debt ceiling deal that policymakers agreed to on the weekend. The agreement was reached in a 90-minute telephone call between U.S. President Joe Biden and Republican House Speaker...

Futures in New York rose during Monday's morning session, thereby building on Friday's strong finish. European stocks also experienced modest gains. Contracts on the Nasdaq 100 jumped 0.5%, while those on the S&P 500 climbed 0.4% higher. Futures on the Dow Jones Industrial Average edged...