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☆ Watch CNBC's full interview with Business Roundtable CEO Josh Bolten
  + stars: | 2023-05-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Business Roundtable CEO Josh BoltenBusiness Roundtable CEO Josh Bolten joins 'Squawk Box' to discuss the latest on the debt ceiling deal, and why Congress must pass the tentative debt ceiling deal before a potential debt default.
☆ Premarket stocks: How crypto is dealing with debt ceiling turmoil
  + stars: | 2023-05-30 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
Here’s what’s in the debt ceiling dealPresident Biden and Republican House Speaker McCarthy put their long weekend to good use, coming to an agreement to raise the debt ceiling in the hope of avoiding a self imposed default on US government debt. If Congress doesn’t raise the debt ceiling by June 5, Treasury Secretary Janet Yellen warns the government will not have enough funds to pay all of the nation’s obligations in full and on time. The debt ceiling bill does that, rescinding $1.4 billion in IRS funding. Corporate America celebrates debt ceiling dealIt appears that US industry is pleased with the debt ceiling deal, and would like Congress to pass it quickly. Leading business groups praised Biden and McCarthy for forging a bipartisan agreement over the weekend, reports my colleague Matt Egan.
☆ Congress must pass a debt limit deal in the next week: Business Roundtable CEO
  + stars: | 2023-05-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCongress must pass a debt limit deal in the next week: Business Roundtable CEOBusiness Roundtable CEO Josh Bolten joins 'Squawk Box' to discuss the latest on the debt ceiling deal, and why Congress must pass the tentative debt ceiling deal before a potential debt default.
Persons: Josh Bolten Organizations: Business
☆ Corporate America celebrates debt ceiling deal and urges Congress to quickly pass legislation
  + stars: | 2023-05-29 | by ( Matt Egan | ) edition.cnn.com   time to read: +2 min
New York CNN —Leading business groups are praising President Joe Biden and House Speaker Kevin McCarthy for forging a bipartisan agreement to raise the debt ceiling, and they are calling for Congress to pass the legislation before the government suffers a devastating default. “With the US at risk of defaulting in less than 10 days, there is no time to spare. The gravity of this moment cannot be overstated,” said Clark, who added the Chamber will consider this a “key vote” for lawmakers. The National Association of Manufacturers, the largest manufacturing trade group in the nation, congratulated Biden, McCarthy and their lawmakers for reaching an agreement. Party leaders in Washington are working furiously Monday to convince holdouts to back the compromise legislation that would avert default.
☆ Premarket stocks: Wall Street is strangely calm about the debt ceiling. That could change this month
  + stars: | 2023-05-10 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +7 min
New York CNN —Dire warnings about the economic chaos and catastrophe that will ensue if the US debt ceiling isn’t lifted soon abound. The debt ceiling crisis of 2011 caused Standard and Poor’s to downgrade US debt for the first time in history. Schwenkler says to expect “a lot more volatility” if debt ceiling issues don’t appear resolved by the last week of the month. By contrast, recovery from a debt-default crisis would likely start the day Congress, belatedly, suspended the debt ceiling,” he added. “A misstep over the debt ceiling would subject businesses and consumers to an economic shockwave,” he added.
☆ CEOs are very cautious but hopeful of a soft landing, says Business Roundtable's Josh Bolten
  + stars: | 2022-12-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEOs are very cautious but hopeful of a soft landing, says Business Roundtable's Josh BoltenJosh Bolten, Business Roundtable CEO and president, joins CNBC's 'Squawk Box' to discuss the need for U.S. immigration reform, CEO confidence, and more.
☆ CEO economic outlook tumbles to two-year low
  + stars: | 2022-12-05 | by ( Matt Egan | ) edition.cnn.com   time to read: +2 min
The Business Roundtable said Monday its CEO Economic Outlook Index tumbled during the fourth quarter to the lowest level in more than two years. The index, a composite of CEO plans for business investment, hiring and sales expectations, has declined every quarter this year, plunging from 124 a year ago to 73 now. CEOs surveyed by the Business Roundtable are now calling for growth of just 1.2% next year, down from nearly 6% in 2021. It’s also worth noting the Business Roundtable survey fielded responses from dozens of business leaders last month and recent indicators including the jobs report and holiday shopping have come in stronger than expected. Still, given the uncertainty facing the American economy, Business Roundtable CEO Josh Bolten urged Congress to address the looming fight over the debt ceiling “as soon as possible.”
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