Debt Ceiling Crisis: Washington Teeters on the Brink

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The nation holds its breath as Washington remains locked in a tense debt ceiling crisis, threatening to plunge the United States into economic turmoil. With the current debt ceiling set at a staggering $31.4 trillion, the Treasury Department warns that it will exhaust its funds on June 1, 2023, potentially forcing the nation into default.…

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Clearinghouse Conundrum and its Implications on Market Stability

Economy, , , , , , , , , , , , , , , , ,

The recent regional banking crisis has sent shockwaves throughout the financial sector, raising concerns about the potential risks faced by clearinghouses. Clearinghouses, which act as intermediaries facilitating trades and handling large amounts of cash deposits from banks on a daily basis, are now under scrutiny from regulators who fear the ramifications of a bank failure…

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