The Latest Breaking News from Mark Zandi

Janet Yellen has warned that defaulting on the debt would be a "catastrophe," but do you really know what that means?

There have been 78 debt ceiling deals since 1960 and zero failures. Could this time really be different?

Stocks plunged showing concerns in regard to the debt ceiling as the president face criticisms from Republicans.

What is the debt ceiling? What could happen if it's not raised? Here are answers to questions you may be asking about the debt limit and the fight over it.

The U.S. Treasury could run out of cash as soon as early June. That could deliver a big hit to the housing market.

Its weaponization threatens US economic standing, so some are considering doing away with the ‘anachronistic’ rule

Looming concerns of a recession and the banking crisis might keep the stock market under pressure for longer. Amid heightened volatility in the stock market, Coca-Cola (KO), Starbucks (SBUX), and Chipotle Mexican Grill (CMG), which have solid brand recognition, might be ideal buys. Keep reading.

Republican proposal mocked as ‘Default on America Act’ at hearing drawing attention to potential cuts to key programs

Moody’s chief economist told a US Senate panel that the Republican plan will ‘meaningfully increase’ recession chances.

Senate Democrats are looking to pressure Republicans into resolving the impasse on the debt ceiling

The country's GDP growth is slowing as banks cut back on credit and the Federal Reserve tries to crack down on inflation.