The House Finance Committee has Janet Yellen testifying before them.
Chip Somodevilla is a photographer.
The US Treasury warned that it will soon run out of money.
The government will run out of money on December 15.
The September sell-off was worsened by a previous debt ceiling showdown.
The US Treasury warned Congress that it will soon run out of money unless a debt ceiling deal is struck.
The government will run out of money on December 15, according to the Treasury Secretary.
The deadline will likely rise to top of mind for investors in the coming weeks as Democrats scramble to reach a deal and avert a government shutdown and default. The September sell-off of stocks was compounded by the October debt ceiling showdown.
The debt ceiling was extended on a bi-partisan basis, but Republicans have signaled they will not vote to raise the debt ceiling this time around, putting pressure on Democrats to raise the debt ceiling on their own.
The US indexes stood at 4:00 pm. The close is on Wednesday.
The LA Staples Center is changing its name to Crypto.com in a $700 million deal.
A big test for the price of bitcoin is at the $58,000 support level, according to technical analystKatie Stockton of Fairlead Strategies. The popular coin could drop to $53,000 if it is below that level.
A recent filing shows that the CEO of the company has sold more than a billion dollars of the company's stock.
The UK's inflation increased by 4.2% last month. That is the highest level in a decade and is a sign that the Bank of England will raise the interest rate.
Rivian fell as much as 18% on Wednesday, its first down day since it went public last week.
The price of West Texas Intermediate crude oil fell as much as 3.80%. The price of oil fell as much as 2% to $80.56 per barrel.
The price of gold jumped as much as 0.68%.
Business Insider has an original article.
