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How the debt ceiling fight puts the indispensable U.S. Treasurys market at risk

May 26, 2023
The $24 trillion Treasury bond market plays an important role in the global financial system. Is there any viable alternative?
"U.S. Treasurys are the safest asset anywhere, even in the case of default," says Yesha Yadav from Vanderbilt. This is why essentially the entire global financial system buys U.S. government debt whenever there's a panic.
Mandel Ngan/AFP via Getty Images

What happens to benefit checks if there's no deal on the debt ceiling?

May 23, 2023
Supplemental Security Income payments and veterans 'payments could be among the first checks to be delayed.
Speaker of the House Kevin McCarthy is scheduled to meet with President Joe Biden to continue debit limit negotiations. Experts agree that a default would cause a massive pause on regular government payments to individuals in need.
Chip Somodevilla/Getty Images

Is Washington finally getting serious about the debt ceiling?

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?
House Speaker Kevin McCarthy
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How would a U.S. debt default play out in Texas?

May 18, 2023
Half a million jobs could be lost in the second-biggest state economy. Pensioners, the food insecure and many others could suffer.
Treasury chief Janet Yellen has warned that the federal government could run out of money by June 1. Moody’s estimates that in a default, the giant Texas economy could lose more than half a million jobs.
Alex Wong/Getty Images

Breaking down the $31.4 trillion national debt

Jan 27, 2023
There are public holders and government agencies, which all comes into play in the congressional debt ceiling battle.
The national debt is made up of two big pieces — intragovernmental holdings and IOUs held by the public. Above, the U.S. Capitol dome seen through a glass ceiling.
Drew Angerer/Getty Images

What the new U.S. Treasurer could mean for Indian Country

Sep 14, 2022
In addition to overseeing the U.S. Mint and Fort Knox, Treasurer Lynn Malerba will run the Treasury's new Office of Tribal and Native Affairs.
Secretary of the Treasury Janet Yellen speaks as U.S. Treasurer and Mohegan Tribe Chief Lynn Malerba listens during a ceremonial swearing-in for Malerba at the Cash Room of the Treasury Department September 12, 2022 in Washington, DC.
Alex Wong/Getty Images

Here’s why bond yields are rising

Feb 6, 2018
When investors pull their money out of stocks and need some place to put it, they often turn to the bond market. U.S. Treasuries are considered essentially risk-free. So investors can park their cash, earn some interest and know their money will be kept safe and sound. As investors moved money from stocks to bonds […]

For public good, not for profit.

Negative yields may be good for U.S. borrowers

Jul 13, 2016
Germany’s latest auction of 10-year notes could stimulate sales of U.S. bonds.
A statue of the first United States Secretary of the Treasury Alexander Hamilton stands in front of the U.S. Treasury. Negative yields overseas may be pushing investors toward Treasury bonds.
Chip Somodevilla/Getty Images

Why a corporation's "inversion" matters to taxpayers

Apr 5, 2016
The Treasury Department issues new rules to deter U.S. corporations from merging with foreign companies for tax purposes.
President Barack Obama delivers a statement on the economy at the James Brady Press Briefing of the White House April 5, 2016 in Washington, DC. President Obama made a statement in response to the Treasury Department announcement on corporate tax inversions that would stop companies from avoid U.S. taxes by moving their tax base overseas. 
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The government could run out of money in late October

Sep 11, 2015
Treasury Secretary Jack Lew warns Congress about failure to raise the debt limit.