US debt ceiling: "Congress and White House careen toward default deadline"

OK, to begin, a US debt default is not imminent.

And, to me, seems unthinkable. But, I have been wrong on things before ;-)

The latest from CNN on the debt ceiling standoff in the US:

An upbeat Kevin McCarthy left the White House seven weeks ago with a rosy view about the prospects of raising the national debt limit. “We walked away saying we would continue the discussion,” the House speaker said after an hourlong meeting with President Joe Biden.

The discussion, in fact, has yet to continue.

And as each day goes by, lawmakers are growing more uneasy about raising the $31.38 trillion borrowing limit, fearing that they’ll struggle as they scramble at the eleventh hour to find a deal – and enough votes – in a divided Congress.

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Just a heads up that this issue has not gone away and it'll look worse before it (hopefully) looks better.

Link to the CNN report is here for more.

eur EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term