Gold futures rose above $3,000 per ounce.
Wendy Edelberg of Brookings says “political malpractice” might be a bigger risk to economic stability than the government’s massive borrowing.
Investors fear missing out on higher rates of return by locking up the money they put in for 10 years or more.
There’s a hot debate about what it’s doing with its holdings, and the answer could affect how much it costs Americans to borrow money.
The Federal Reserve and major U.S. banks are buying fewer bonds than they used to. Hedge funds are picking up some of the slack.
The $24 trillion Treasury bond market plays an important role in the global financial system. Is there any viable alternative?
Supplemental Security Income payments and veterans ‘payments could be among the first checks to be delayed.
Every day there’s a warning about how catastrophic a default on the national debt would be. What’s it going to take to avoid that?
Half a million jobs could be lost in the second-biggest state economy. Pensioners, the food insecure and many others could suffer.
There are public holders and government agencies, which all comes into play in the congressional debt ceiling battle.