RawDiary

DEBT CRISIS: Countdown to U.S. Default Looms

With the U.S. debt limit rapidly approaching, Congress faces an unprecedented deadline to prevent default, a failure that could trigger catastrophic economic fallout and send global markets into chaos.

24 Hours U.S. faces mounting fiscal peril as the debt limit deadline looms, triggering fears of default and global market chaos. President Trump’s aggressive trade policies continue with sweeping auto tariffs and hints of TikTok deal concessions offering potential tariff cuts. A leaked Signal chat scandal has ignited controversy among top officials, while bipartisan battles rage over public media funding. Immigration policies tighten as deportations and border security draw scrutiny. Meanwhile, SCOTUS upholds contentious ghost gun rules as global tensions escalate, with protests and military deployments heightening international instability. Corporate moves and tech innovations further stir an already volatile national landscape.

Number 4x - Wall Street bonuses now 4 times US worker's pay.

Quote ‘If Congress fails to act, default is inevitable — and the fallout will be catastrophic,’ — Economic Policy Expert