INTERVIEW — CHARLIE GASPARINO – Senior FOX Business Network correspondent
- Yellen: Fed raises interest rates by a quarter point. On March 15, Federal Reserve chair Janet Yellen announced that federal interest rates will increase by a quarter point, from a range of 0.5 percent to 0.75 percent.
- FITCH: The debt ceiling will be raised to $20,000,000,000,000 just in nick of time. The federal debt ceiling will either be suspended or raised on time, before midnight on March 16, as both Congress and the White House are under Republican control, said Fitch Ratings.
- Mnuchin Warns Congress on Debt Ceiling “Extraordinary measures.” As tension continues to mount on Capitol Hill, Treasury Secretary Steven Mnuchin warned several Congressional leaders on Wednesday that America would face the debt ceiling this week. “As you know, the Bipartisan Budget Act of 2015 suspended the statutory debt limit through Wednesday, March 15, 2017. Beginning on Thursday, March 16, 2017, the outstanding debt of the United States will be at the statutory limit,” Mnuchin wrote. “At that time, Treasury anticipates that it will need to start taking certain extraordinary measures in order to temporarily prevent the United States from defaulting on its obligations.”
