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CNN.com delivers up-to-the-minute news and information on the latest top stories, weather, entertainment, politics and more.: The latest on the US debt ceiling deal



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Forbes HeadlinesMay 28, 2023
Biden Will ‘End Up Killing It'—Serious Crypto Warning Could Spell Chaos For The Price Of Bitcoin And Ethereum As Debt Ceiling Deal Reached
U.S. presidential hopeful Ron DeSantis has warned the Biden administration has "it out for bitcoin" and could end up "killing it" completely...

‘I'm very proud it's there': how Tina Turner's one-room school became a museum - The Guardian (Google Business News)

Yahoo BusinessMay 28, 2023
There's a simple reason why inflation is persistently high

MarketWatchMay 27, 2023
The Moneyist: I'm 46 and a single mother. Should I empty my 401(k) to pay off my house? There's $128,000 on the mortgage.
‘I currently make good money, and not having to pay a monthly mortgage will help increase my savings.'

MarketWatch MarketPulseMay 24, 2023
: JPMorgan puts odds of no debt-ceiling deal by early June at ‘around 25% and rising'
In a note released Wednesday, a team of analysts at JPMorgan Chase & Co. said they see the odds of Washington negotiators failing to reach a deal to lift the debt ceiling by early June at "around 25% and rising." Under such a scenario, they said, there's a "very high likelihood" that Treasury would prioritize principal and interest payments, which would avoid a technical default on government debt. Even so, there would "still be several adverse effects, including a likely downgrade of the U.S. credit rating." They also see the so-called X-date, or time when the government is likely to be unable to pay its obligations, as falling between June 1 and June 7. All three major stock indexes were lower in the final hour of trading on Wednesday, with a lack of progress on the debt ceiling weighing down markets.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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