Debt ceiling fight looms after Democratic sweep

Democrats Win Congress as Social Security and Debt Crisis Loom.

After Democrats' election sweep, Congress faces a mounting national debt, soaring interest costs and a looming Social Security funding crisis in 2032.

Debt ceiling fight looms after Democratic sweep

Democrats’ sweep of Congress could complicate the next U.S. debt ceiling fight as federal debt moves closer to the $41.1 trillion limit. The ensuing negotiations could potentially result in higher corporate tax rates, more expensive borrowing costs for consumers, and another downgrade to the country’s credit rating. CNBC’s Matt Peterson reports.

Democrats’ Big Win Sets Up a Debt Ceiling Fight. What the Election Means for Bonds

The Entire Business World on a Single Page with the Web's Most Comprehensive One-Stop Finance News Hub.

The election and–the dollar and bond yields

The Senate races in Mississippi and Alaska are still close to call--but Wall Street has already started to worry about a new , more serious debt ceiling crisis around the middle of 2027. The thinking--and this sounds right to me--is that the Democratic majorities in Congress and a Republican White House won’t be able to agree to lift the debt ceiling without a bitter and prolonged fight that includes a long and damaging government shut down. And…