Defau Default News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Defau default. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Defau Default Today - Breaking & Trending Today
Telling their government they don t want to leave the european union without a deal in place. however that is the legal defau default. so this is just considered an advisory vote and the default is still march 29. members of parliament cannot agree to theresa may s deal that she negotiated with the european union. tonight there will be another vote. theresa may will put forward to the house of commons a vote asking them to agree to vote to possibly once again to her withdrawal agreement so that then she can ask for an extension. it seems likely that there will be some sort of extension asked for. the question is whether the european union will agree to it because they want the uk to come to them with some sort of reason why they are extending it because as of right now there does not seem to be a consensus. within two weeks if the uk crashes out, there could be lines at the border, medicine ....
Never go into default. if you look at our poll, a majority of republicans, 52%, say they are okay with not raising the debt ceiling. politicians, republican politicians have focused on the government spending more than it takes in for so long that many people equate that wrongly. i want to bring in keith mcculley. we turn to him. keith, the big bank ceos and the president singing the same song. he called them fat cat bankers. there is a precedent for a government shutdown. there is no precedent for defau default. payments have to go out to people. if money doesn t flow in, then money doesn t flow out. the treasury secretary also is telling america that not raising the debt ceiling could be a catastrophe. ....
Funded fully. that s a whole different fight. so until that s solved, the red letter date keeps looming. mark your calendars, october 17th. that s the day when the government needs to raise its debt ceiling or it s going to defau default, essentially. let s bring in lisa desjardins. at the very least, not raising the debt ceiling is now on the table. reporter: absolutely. i just came from several news conferences with republicans and democrats over here. as democrats walked away from their news conference, unhappy about the shutdown, i asked some leaders, what do you think this means for the debt ceiling? the second democrat in the house, his name is steny hoyer, stopped and said, well, it s obviously not good. you think about this. the shutdown debate is something that generally was not expected to take this long. as of a month ago, i think most people thought only the debt ceiling would have this kind of snag. ....
homeowners to refinance high-interest mortgages at these rock-bottom interest rates. who qualifies? homeowners who have mortgages backed by fannie mae and freddie mac. you must be current on your payments. and you ll now be able to refinance no matter how much you are under water on that home. this lifts a previous limit of 125% loan-to-home value ratio. the program also aims to streamline the refinancing process, please, and reduce and eliminate fees. i m joined now by lynnette cox, bob molten and rick newman is the chief business correspondent for u.s. news & world report. the white house says this could mean cheaper mortgage payments. some say as much as 1.7 million. it probably in practical terms will help a fraction of that. maybe 20%, 30% or so. if you look at the previous efforts, that s sort of the range, you know. we have high hopes and we want it to be able to help more, but frankly, even if it does help 1 million, we ve got more than 5 million people who ....
spending cuts in ten years. reid would hike the debt by $2.7 trillion now and mandate an equal amount of cuts. but the congressional budget office says the boehner plan would trim spending by $850 billion, and the reid plan by $2.2 trillion. boehner went back to the board and postponed the vote that was supposed to happen today. reid s plan can t pass the house, and not only is boehner s plan doomed in the senate, a great many house republicans don t like it either. so what happens now? well, time marches on. a never-before-seen default on u.s. debt and obligations could be just six days away, but potentially just as bad would be a downgrade of debt, and a downgrade that would say we are not reliable as we used to be. that could up the cost for borrowing for all of us. here is richard quest on cnn international, and the smart money still says default will be averted, but downgrade, is it inevitable, are foreign investors alarmed? no, it s not inevitable. nothing is in ....