As the deadline for the US debt ceiling rapidly approaches, Republicans are refusing to budge in their demand for a deal with the Biden administration. US Treasury Secretary Janet Yellen is confident that Congress will be able to pass a bill that raises the debt limit, however, the outcome is still uncertain.
Experts are warning of the economic consequences of a potential debt crisis. According to CNN, a failure to raise the debt ceiling could lead to a sharp increase in interest rates, a decrease in consumer spending, and a weakened US dollar.
Senator Joe Manchin has proposed a plan that could help avert the looming debt crisis. According to a report from Bloomberg, Manchin’s plan would involve a combination of spending cuts and tax increases.
It remains to be seen whether the Republican-led Congress will accept Manchin’s proposal, or if they will continue to hold firm in their demand for a deal with the Biden administration. Always Full Coverage on USNN for the latest updates on the US debt ceiling drama.
Conestoga Capital Advisors Reveals Surprising Insights in Q1 2025 Small Cap Fund Commentary: What Investors Need to Know!
Westfield, New Jersey — The Conestoga Capital Advisors Small Cap Fund experienced notable performance in the first quarter of 2025. As economic conditions continued to fluctuate, the fund’s strategy of identifying promising smaller companies yielded significant returns, showcasing resilience amid market volatility. The fund, which focuses on small-cap equities, reported a return that outpaced its benchmark during this period. Key sectors contributing to this growth included technology, healthcare, and consumer discretionary, which underpinned the overall positive trend in smaller companies. Investment managers attributed the success ... Read more