US financial news live updates: Debt ceiling deal, Social Security checks, $500 monthly payments, interest rates
- Biden, McCarthy reach tentative US debt ceiling deal
- The day the US could default on its debts, otherwise known as the 'X Date', extended from 1 June to 5 June
- US employment still going strong with fewer initial UI claims than expected, continuous UI claims drop
- The median selling price of homes sold in the US fell to $420,800 in April, the lowest level recorded in the last year.
- Experts remain divided over whether the Fed will announce another rate hikein June.
- The impact of a default could present greater challenges for some states over others.
- Can President Biden use theFourteenth Amendment to increase the debt limit?
Read more from AS USA:
Source: AS USA
