Search Results: bad credit

I am 23, haven't dated yet, don't really have friends anymore, very curious, and sensitive, have a license, but have had not a car yet, I owe like $1,500, from credit card bill to school bills, and even owing the bank money, have about a year and a half of college under my belt, had a bad semester, which messed up my GPA a little bit, still live at home, but cleans, irons, cooks occasionally, made some previous investments, has entrepreneurship aspirations, my job ended 2 months ago, but I am looking to get certified in Mainframe, I work out enough, drinks water, has a solid diet, watches sports, and the news. I also am very giving (when I have stuff), funny, and respectful.

https://www.huffpost.com/entry/debt-limit-consequences_n_6452c346e4b04ccd00ad4ac2
This Is What Could Happen If Republicans Won’t Increase The Debt Ceiling

No one’s quite sure exactly what the American economy would look like after a government debt default, but economists are sure of one thing: It would be bad.

Very bad. Like “dogs and cats living together” bad.

House Republicans insist they will not vote to increase the debt ceiling without as-yet unspecified steep spending cuts, but President Joe Biden has said he will not negotiate over the full faith and credit of the country.

The debt ceiling standoff went from simmering to the front burner on Monday with Treasury Secretary Janet Yellen’s warning the government could run out of cash in early June, and experts are warning that failing to give Treasury more borrowing room before it defaults would have catastrophic fallout, not just on Wall Street but also on Main Street.

“Our economy is made up of people. So when people are not doing well, our economy is not doing well,” said Rakeen Mabud, chief economist with the left-leaning Groundwork Collaborative, a group of progressive economic experts.

“Seniors wouldn’t get their Social Security checks, military service members wouldn’t get paid, families wouldn’t get some cash that they need to pay for food. And that would be an absolutely devastating economic consequence.”

Douglas Holtz-Eakin, a former director of the Congressional Budget Office and president of the conservative American Action Forum think tank, said the economic spiral downward would begin with panicky investors selling off Treasury debt.