Tag: impacts

What happens if the US fails to raise its debt ceiling?

  By Beiyi SEOW, Daniel AVIS Agence France-Presse WASHINGTON, United States (AFP) — President Joe Biden and Republicans in Congress have resumed crunch talks aimed at averting a damaging US debt default, which Treasury officials recently warned could come as early as June 1. Biden has maintained that default would have “catastrophic” consequences, and is urging Republicans to agree to a “clean” increase to US borrowing limits — known as the debt ceiling — before […]

‘Liveable future’ at risk, UN climate report warns

by Kelly MACNAMARA / Marlowe HOOD A landmark UN report warned Monday that time had nearly run out to ensure a “liveable future” for all, detailing a horrifying “atlas of human suffering” and warning that far worse was to come. Species extinction, ecosystem collapse, insect-borne disease, deadly heatwaves and megastorms, water shortages, reduced crop yields — all are measurably worse due to rising temperatures, the Intergovernmental Panel on Climate Change (IPCC) said. In the last […]