net_left Phương Thức Thanh Toán

Explainer-Washington creeps toward a debt catastrophe, again

13 Tháng Giêng 2023
Explainer-Washington creeps toward a debt catastrophe, again © Reuters. FILE PHOTO: A person walks past the U.S. Capitol building at sunset as the Republican-controlled House of Representatives reconvenes on Capitol Hill in Washington, U.S., January 9, 2023. REUTERS/Leah Millis/File Photo

By Jason Lange

WASHINGTON (Reuters) - An expected showdown between President Joe Biden's Democrats and a newly minted Republican majority in the U.S. House of Representatives over the debt ceiling is threatening to push Washington to the brink of a debt crisis.

WHAT'S THE DEBT CEILING?

Washington regularly sets a limit on federal borrowing. Currently, the ceiling is set at $31.4 trillion, equal to roughly 120% of the country's annual economic output.

As soon as this week, the government could get so close to the debt ceiling that the Treasury Department might have to suspend investments in some federal pension funds to keep borrowing, according to experts at the Bipartisan Policy Center.

By mid-year, Washington could have to stop borrowing altogether and rely solely on tax receipts to pay its bills. Because Treasury borrows close to 20 cents for every dollar it spends, Washington at that point would start missing payments owed to lenders, citizens or both.

IS THE DEBT CEILING GOOD FOR ANYTHING?

Few counties in the world have debt ceiling laws and Washington's periodic lifting of the borrowing limit merely allows it to pay for spending Congress has already authorized.

Treasury Secretary Janet Yellen and other policy experts have called on Washington to eliminate the limit, because it amounts to a bureaucratic stamp on decisions already made.

Some analysts have proposed that the Treasury can bypass the crisis by minting a multitrillion-dollar platinum coin and putting it in the government's account, an idea widely seen as an outlandish gimmick. Others argue the debt ceiling itself violates the U.S. Constitution. But if the Biden administration invoked that argument, a legal challenge would follow.

The debt ceiling is supported by Democratic and Republican lawmakers alike and both have used it as leverage when their party doesn't control the White House. That makes it unlikely to be eliminated anytime soon.

WHAT HAPPENS WHEN WASHINGTON CAN NO LONGER BORROW MONEY?

Shockwaves would ripple through global financial markets as investors question the value of U.S. bonds, which are seen as among the safest investments and serve as building blocks for the world's financial system.

The U.S. economy would almost certainly fall into recession if the government was forced to miss payments on things like soldiers' salaries or Social Security benefits for the elderly. Economists expect that millions of Americans would lose their jobs. Investors are already worried and are demanding higher yields for some U.S. debt securities that come due around the expected showdown.

HOW DID WE GET HERE?

Republicans won control of the House in November elections, boosting their ability to hold up legislation like debt-ceiling increases.

House Speaker Kevin McCarty has said spending cuts will need to be part of any debt-ceiling increase. Biden's White House has vowed that a Republican "hostage-taking" strategy won't work.

HAVEN'T WE HEARD THIS SONG BEFORE?

This kind of brinkmanship has been part of U.S. politics for decades but worsened significantly after fiscal hawks in the Republican Party grew in power since 2010.

In a 2011 showdown, House Republicans successfully used the debt ceiling to extract sharp limits on discretionary spending from Democratic President Barack Obama.

Spending caps stayed in place for most of the rest of the decade, but the episode rattled investors.

Để lại bình luận
Hot Auto Trade Bot Phương Thức Thanh Toán
BROKERS ĐƯỢC CẤP PHÉP
net_home_top Ai VIF
06-02-2023 13:04:12 (UTC+7)

EUR/USD

1.0797

+0.0003 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (2)

EUR/USD

1.0797

+0.0003 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (2)

GBP/USD

1.2066

+0.0014 (+0.12%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

USD/JPY

131.70

+0.53 (+0.40%)

Summary

Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (4)

AUD/USD

0.6945

+0.0027 (+0.38%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (4)

USD/CAD

1.3400

+0.0004 (+0.03%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (4)

EUR/JPY

142.20

+0.63 (+0.45%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (4)

EUR/CHF

0.9987

-0.0005 (-0.05%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Gold Futures

1,890.15

+13.55 (+0.72%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

Silver Futures

22.503

+0.098 (+0.44%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (1)

Copper Futures

4.0710

+0.0398 (+0.99%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (0)

Crude Oil WTI Futures

73.59

+0.20 (+0.27%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (5)

Brent Oil Futures

80.25

+0.31 (+0.39%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (3)

Sell (4)

Natural Gas Futures

2.465

+0.080 (+3.35%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

US Coffee C Futures

173.63

-4.27 (-2.40%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (3)

Euro Stoxx 50

4,257.98

+16.86 (+0.40%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (1)

S&P 500

4,136.48

-43.28 (-1.04%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (1)

DAX

15,476.43

-32.76 (-0.21%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

FTSE 100

7,901.80

+81.64 (+1.04%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

Hang Seng

21,279.00

-381.47 (-1.76%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (2)

US Small Cap 2000

1,985.53

-15.69 (-0.78%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (7)

IBEX 35

9,225.60

-4.10 (-0.04%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (1)

BASF SE NA O.N.

54.040

+0.200 (+0.37%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Bayer AG NA

56.68

-0.12 (-0.21%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (1)

Sell (4)

Allianz SE VNA O.N.

220.75

-0.95 (-0.43%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Adidas AG

161.06

+3.14 (+1.99%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Deutsche Lufthansa AG

9.902

+0.009 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

Siemens AG Class N

145.02

+1.30 (+0.90%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (8)

Deutsche Bank AG

11.530

+0.074 (+0.65%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (3)

 EUR/USD1.0797↑ Buy
 GBP/USD1.2066↑ Buy
 USD/JPY131.70Sell
 AUD/USD0.6945Neutral
 USD/CAD1.3400Sell
 EUR/JPY142.20↑ Sell
 EUR/CHF0.9987↑ Sell
 Gold1,890.15↑ Buy
 Silver22.503Buy
 Copper4.0710↑ Buy
 Crude Oil WTI73.59Neutral
 Brent Oil80.25Neutral
 Natural Gas2.465↑ Buy
 US Coffee C173.63Buy
 Euro Stoxx 504,257.98↑ Buy
 S&P 5004,136.48↑ Buy
 DAX15,476.43↑ Buy
 FTSE 1007,901.80↑ Buy
 Hang Seng21,279.00Buy
 Small Cap 20001,985.53↑ Sell
 IBEX 359,225.60Neutral
 BASF54.040↑ Buy
 Bayer56.68Neutral
 Allianz220.75↑ Buy
 Adidas161.06↑ Buy
 Lufthansa9.902↑ Sell
 Siemens AG145.02↑ Sell
 Deutsche Bank AG11.530Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,650/ 6,710
(-20/ -20) # 1,363
SJC HCM6,650/ 6,730
(10/ -10) # 1,383
SJC Hanoi6,650/ 6,732
(10/ -10) # 1,385
SJC Danang6,650/ 6,732
(10/ -10) # 1,385
SJC Nhatrang6,650/ 6,732
(10/ -10) # 1,385
SJC Cantho6,650/ 6,732
(10/ -10) # 1,385
Cập nhật 06-02-2023 13:04:14
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,877.79+12.410.67%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.00024.480
RON 95-III23.14023.600
E5 RON 92-II22.32022.760
DO 0.05S22.52022.970
DO 0,001S-V24.28024.760
Dầu hỏa 2-K22.57023.020
ↂ Giá dầu thô thế giới
WTI$73.83-0.08-0.10%
Brent$80.17-0.23-0.29%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.270,0023.640,00
EUR24.669,2126.050,56
GBP27.543,6228.718,11
JPY172,56182,68
KRW16,3019,86
Cập nhật lúc 12:57:50 06/02/2023
Xem bảng tỷ giá hối đoái
Phương Thức Thanh Toán