RawDiary

Debt Crisis Looms - U.S. Near Default by August

Congress faces an imminent fiscal disaster as the CBO warns of a potential U.S. default if the debt ceiling is not raised, threatening billions and market paralysis.

24 Hours US faces fiscal crisis as debt ceiling looms with default risk by August. Trump auto tariffs escalate global trade wars, rattling markets and straining alliances. A leaked Signal chat exposes national security missteps and sparks outrage. Noem’s controversial visits to El Salvador ignite heated debates over immigration policy. Wildfires in South Korea deliver record devastation, while NATO adjusts troop deployment in Ukraine conflict. Supreme Court upholds ghost gun regulations, challenging gun rights advocates. Corporate spending and consumer trends shift amid economic uncertainty. Global climate warnings, technological breakthroughs, and international legal battles intensify as political divisions widen, severely threatening stability worldwide.

Number 4x - Wall Street bonuses now 4 times U.S. worker salaries.

Quote ‘If Congress lets this default happen, it’s the end of American credibility’ — Sen. John Kennedy