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Author: Okoya David

Implications as Debt Limit Deal Omits Biden’s Crypto Tax

30% crypto mining tax has been discarded as part of in-principle debt limit deal reached by Biden and McCarthy.

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Author: Crypto Breaking News

Republicans Seek to Repeal Biden’s Inflation Reduction Act in Exchange for Raising US Debt Limit

There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned it would be a “major disaster” if the U.S. defaulted on its obligations. It now appears that Republican [...]

The post Republicans Seek to Repeal Biden’s Inflation Reduction Act in Exchange for Raising US Debt Limit appeared first on Crypto Breaking News.

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Former US Secretary of Labor Robert Reich Urges Bypassing Congress to Raise Debt Ceiling

Author: btcethereumadmin

United States

Source: BTC Ethereum Crypto Currency Blog

May 11, 2023 01:20

Former US Secretary of Labor Robert Reich Urges Bypassing Congress to Raise Debt Ceiling

Robert Reich, former secretary of labor in the U.S., has called for the government to bypass Congress in order to raise the debt ceiling unilaterally. Reich states that the constitution of the U.S. gives President Biden the faculty of ignoring this debt limit, declaring it unconstitutional — explaining its existence is less significant than the

The post Former US Secretary of Labor Robert Reich Urges Bypassing Congress to Raise Debt Ceiling appeared first on BTC Ethereum Crypto Currency Blog.

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JPMorgan CEO Jamie Dimon in Favor of Abolishing Debt Limit; States Getting Close to Default Can Cause Panic

Author: btcethereumadmin

United States

Source: BTC Ethereum Crypto Currency Blog

May 11, 2023 01:20

JPMorgan CEO Jamie Dimon in Favor of Abolishing Debt Limit; States Getting Close to Default Can Cause Panic

Jamie Dimon, CEO of JPMorgan, stated that he favored abolishing the debt limit, giving the government the faculties to extend its debt without congressional action. Dimon also stated that even the drama surrounding the build-up to extending or not extending the debt limit could cause panic, as the U.S. economy is foundational for the world.

The post JPMorgan CEO Jamie Dimon in Favor of Abolishing Debt Limit; States Getting Close to Default Can Cause Panic appeared first on BTC Ethereum Crypto Currency Blog.

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Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1

Author: Crypto Breaking News

United Kingdom

Source: Crypto Breaking News

May 02, 2023 05:50

Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1

U.S. Treasury Secretary Janet Yellen has warned that the Treasury will not be able to pay all of the government’s debt “as early as June 1, if Congress does not raise or suspend the debt limit before that time.” Yellen also cautioned that the U.S. defaulting on its debt obligations “would produce an economic and [...]

The post Treasury Secretary Yellen Warns US Could Default on Its Debt by June 1 appeared first on Crypto Breaking News.

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