Financial News:
Chuck Schumer
The U.S. Senate passed and sent to President Biden the first of two bills required to raise the $28.9 trillion debt limit and avoid default.
The federal debt is the amount of money the government currently owes for spending on payments such as Social Security, Medicare, military salaries and tax refunds.
The debt limit allows the government to finance those existing obligations.
Treasury Secretary Janet Yellen has said failing to act could spark an "economic catastrophe," but not all politicians agree.
Photo: Senate Democratic Leader Chuck Schumer (Al Drago)
DOW |
Dow Inc |
Thu, May 23, 24 7:00 PM UTC | |
Price: | $56.97 |
Volume | 59382 |
Wed, May 22, 24 (EOD) | |
Price: | $57.60 |
Volume | 4852018 |
Related:
DOW |
Dow Inc |
Thu, May 23, 24 7:00 PM UTC | |
Price: | $56.97 |
Volume | 59382 |
Wed, May 22, 24 (EOD) | |
Price: | $57.60 |
Volume | 4852018 |
Content ID: 1639132166 Created Friday, December 10, 2021 10:29 AM UTC by Aaron Stipkovich, Updated Friday, December 10, 2021 1:15 PM UTC by Aaron Stipkovich.