Nigeria gets new 4year debt strategy
15 February 2019 | 9:00 am
Nigeria's government released the new National Debt Management Framework for 2018 to 2022. The Debt Management Office stated that the framework was a reference document, as well as a compendium of Nigeria’s key debt management policies and strategies.
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US Treasury Secretary Janet Yellen has written to congressional leaders warning that the federal government could run out of cash as early as June 1, unless they agree on raising the debt limit or suspending it.
The US president will be speaking with Democratic and Republican congressional leaders at the White House on Tuesday to discuss raising the debt ceiling. We take a closer look at the potential consequences of the US defaulting on its debt.
The US government could start to run out of money if Congress fails to raise the debt ceiling by the end of the month. DW looks at the wider impact of a debt default.
As a deadline looms on raising the US government's $31.4 trillion debt ceiling, President Joe Biden began talks with congressional leaders at the White House on Tuesday. Republicans are seeking concessions from the Biden administration to lift the borrowing limit, but the White House has said there should be no negotiations. Officials have warned that the US could default on its debt by as soon as June 1.
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US President Joe Biden is meeting with Republican House Speaker Kevin McCarthy this Monday, resuming talks on raising the government's borrowing limit. Washington has until June 1 to reach a deal before the government runs out of money to pay its bills, which would send shockwaves through the US economy and global financial markets.
The US president vowed that a US debt default would be avoided, as a deadline for agreeing on more borrowing loomed. However, Biden acknowledged remaining differences with Republicans.
US Treasury Secretary Janet Yellen warned that inaction on the debt ceiling would "cause severe hardship." The previous estimate for a potential debt default was June 1.
US President Joe Biden was optimistic about the US averting a technical default. Republicans have refused to raise the nation's debt limit unless Democrats make concessions on spending plans.
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