Tax revenues and emergency measures after June 15 will let Treasury “continue financing operations through at least the end of July,” said the CBO.
Bank of England Governor Andrew Bailey on Thursday defended an about-turn in the bank’s U.K. growth forecast.
The consumer price index was expected to rise 0.4% in April, according to Dow Jones.
The banking sector has been under the spotlight since March with the collapse of Silicon Valley Bank and the rescue of several other embattled lenders.
Warren Buffett, whose conglomerate is viewed as a barometer for the U.S. economic health, didn’t sound so cheery about the near future.
Janet Yellen on Sunday said that failure to raise the debt ceiling will cause a “steep economic downturn” in the U.S.
Berkshire Hathaway’s operating earnings jumped in the first quarter, thanks in part to a rebound in the conglomerate’s insurance business.
The end of the Covid emergency comes more than three years after the WHO first issued the declaration in January 2020.
The European Central Bank announced a new rate decision as inflation remains well-above its target.
Where the intrigue comes in is how the central bank proceeds from here.