Key Invoice Factoring Market Trend 2024-2033: Innovative Web-Based Invoice Financing Solution
8 Bigg Boss contestants who misbehaved, fought with Salman Khan‘Rich farmers backed the Tories who ruined our country – now they can reap what they sow’( MENAFN - AzerNews) By Alimat Aliyeva The United States is expected to reach its national debt ceilingin January, as confirmed by Finance Minister Janet Yellen. She senta letter to Congress's leadership, warning of the looming deadline, Azernews reports. According to Yellen, the debt ceiling will be hit betweenJanuary 14 and January 23. To avoid a default, the U.S. Treasurywill be forced to implement emergency measures. Under current U.S.law, when the debt ceiling approaches, congress must act to preventa government default. This typically involves raising the borrowinglimit, or, in some cases, suspending or even permanentlyeliminating the ceiling altogether. In June 2023, the Fiscal Responsibility Act of 2023 was passed,which temporarily suspended the debt limit until January 1, 2025.However, with the deadline fast approaching, there is increasingpressure on Congress to take action. On December 11, 2023, the U.S.Government Accountability Office (GAO) urged Congress topermanently eliminate the debt ceiling, suggesting that futureborrowing be linked directly to government revenue and expenditurelevels. The looming debt ceiling crisis raises serious concerns aboutthe stability of the U.S. economy, as a failure to raise or suspendthe limit could lead to a government shutdown or even a default onU.S. debt. This would not only undermine the U.S. government'sability to pay its bills but also potentially damage its creditrating, causing ripple effects across global financial markets. The U.S. national debt ceiling has been a point of contention inU.S. politics for years, with partisan divisions often leading tolast-minute negotiations and temporary solutions. MENAFN28122024000195011045ID1109037983 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Stock market today: Wall Street climbs as bitcoin bursts above $99,000