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World

U.S. Expected to Begin Blocking Russian Bond Payments to Americans

The Biden administration is expected to begin blocking Russia from paying American bondholders next week, increasing the likelihood of the…

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Business

A Russian Default is Looming. A Bitter Fight Is Likely to Follow.

WASHINGTON — Russia is ambling toward a major default on its foreign debt, a grim milestone that it has not…

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Business

S&P Global Places Russia in ‘Selective Default’

S&P Global has placed Russia under a “selective default” rating after the Russian government said last week that it had…

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Business

A Question of Default

Moscow's financial district.Credit...Agence France-Presse — Getty ImagesPayback time Today is the beginning of what is likely a long battle over…

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Business

Finance executives say the risk of a default is already damaging the economy.

President Biden met with finance executives on Wednesday as he continued to try to put maximum pressure on Senate Republicans…

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Business

What the Debt Ceiling Means for Social Security and More

The federal government is about two weeks away from being unable to pay its bills — and that could delay…

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Politics

Biden Calls Curbing Filibuster to Raise Debt Limit ‘a Real Possibility’

WASHINGTON — President Biden said on Tuesday that Democrats are considering a change to Senate filibuster rules to bypass a…

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Politics

As the U.S. Hurtles Toward a Debt Crisis, What Does McConnell Want?

WASHINGTON — In March 2006, as the government veered dangerously close to a default, Senator Mitch McConnell of Kentucky, the…

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Business

Biden accuses Republicans of being ‘reckless’ over the debt limit increase.

WASHINGTON — President Biden excoriated Republicans on Monday for blocking his party’s efforts to raise the debt ceiling weeks before…

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Business

What a U.S. Debt Default Would Look Like

Treasury Secretary Janet Yellen told Congress that the debt limit must be raised by Oct. 18.Credit...Stefani Reynolds for The New…

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