Bank of America CEO Brian Moynihan on Monday said the firm is preparing for the U.S. to default on its debt after surpassing its borrowing limit last month.
Lawmakers are locked in talks about whether to lift the debt ceiling, with Republicans insisting on spending cuts before a deal to raise the limit is struck, and economists are warning of financial crisis if a default does occur.
https://thehill.com/policy/finance/3845901-bank-of-america-ceo-preparing-for-us-debt-default/amp/
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An entire group of bank customers where I bank in Ohio had $483.75 and $500.75 removed from their bank accounts starting this past Saturday. The bank is blaming a skimmer and stating it is a big problem in NE Ohio. Now I am wondering if it is the bank itself.
Bail in enters the chat