CBO warns of fiscal crisis as debt talks stall
The Congressional Budget Office cautions that rising debt and slower deficit cuts raise the risk of a fiscal crisis if markets lose faith in U.S. bonds. Biden talks seek over 2 trillion in deficit reductions this decade as lawmakers clash on debt ceiling increases and entitlement reforms.
MENTIONED IN THIS ARTICLE
Washington
Congressional Budget Office
Joe Biden
Int
U.S
Congress
CBO
House Budget Committee
Paul Ryan
R-Wis
Budget Office
New safety rules curb used cribs as drop sides banned
The Consumer Product Safety Commission bans selling cribs with drop sides starting Tuesday, barring manufacturers retailers and individuals from resale. The move raises costs and reduces supply, as stores rely on immobilizers and secondhand markets for affordable cribs, with consignment owners noting fewer sales and shoppers turning to new department store options.
MENTIONED IN THIS ARTICLE
Consumer Product Safety Commission
CPSC
Kelly Hutchins
Mount Holly
Hutchins
Deborah Harley
Gastonia
Harley
Transocean faults BP in internal Gulf spill report
Transocean internal findings blame BP for core design and risk decisions before the Deepwater Horizon blast on April 20, 2010. The 854 page document notes crew did not detect油 flow at first but acted within training after discovery. BP and regulators face lawsuits and fines amid shared investigations.
MENTIONED IN THIS ARTICLE
Atlanta
Gulf of Mexico
Transocean Ltd
Transocean
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