The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
As Congress again wrestles over raising the level of debt the government can incur, Federal Reserve Chairman Jerome Powell cringed at what would happen if it fails to do so.
"It's beyond even consideration. The idea that the U.S. would not honor all of its obligations and pay them when due is something that can't even be considered," the central bank leader said Tuesday in response to a question from Sen. Jon Tester, D-Mont.
The debt limit would come back into effect March 2 should Congress not enact legislation allowing for more borrowing.
Even if the debt ceiling is not raised, it would not immediately mean that the U.S. couldn't pay its bills. The Treasury Department can use "extraordinary measures" to continue funding operations, a process that would last for several months.
However, every time the warring parties come close to hitting the ceiling, it raises the specter of the U.S. defaulting on its debts, which now total just over $22 trillion.
"I think it would be a very big deal not to pay all of our bills when and as due," Powell said. "That's something I think the U.S. government should always do."
Powell made the remarks during his semiannual testimony before Congress, which started Tuesday before a Senate finance committee and continues Wednesday in the House.