The debt ceiling is the limit placed by Congress on the amount of debt the government can accrue. Here's what to know about the debt ceiling, why it gets raised, and what happens if we default: What is the debt ceiling? This would be a historic and catastrophic first that economists say would send the global economy into chaos.Īs partisanship has become further entrenched across the country and especially in Washington, a previously routine congressional vote is emerging as a lightning rod for debate over government spending. Those bills include debts to bondholders and outlays on everything from national parks to Social Security checks. That deadline could come as soon as June 1, when it is estimated the United States will run out of money and fail to pay its bills. The fast-approaching deadline is prompting panic among financial analysts and everyday Americans alike. ![]() The solution’s smart visualizations and dashboard module makes it easy to access key financial data and share reports with stakeholders.īottomline Payments and Cash Management (PCM), a solution focused on connectivity and payment processing, aggregates information to banks, payment schemes and networks, via a single access point while providing extensive security options such as multi-factor authentication, sanction screening, anomaly detection and real-time alerts.In what has become a terrifying game of chicken, President Joe Biden and congressional Republicans have reached a stalemate over the U.S. Whether it’s automating treasury management - from bank account management, cash forecasting and liquidity planning to reporting and operational efficiency - or automating and consolidating domestic and international payments, including Checks, ACH, Wires, Bacs and an expanding list of same-day payment schemes, Bottomline has a solution to fit your needs.Ĭombined, Bottomline’s treasury and payments solutions now offer leading treasury teams a robust working capital management solution along with greater security, visibility and control over mission-critical tasks, such as payables and receivables.īottomline TreasuryXpress, an enterprise-level, on-demand treasury management solution (TMS), gives treasurers a way to strategically and accurately manage their cash, liquidity and working capital. By digitizing treasury and payments, your team gains clearer visibility and control of its cash position across multiple banks and accounts to ensure you can fulfill your financial commitments. Gone are the days of difficult reconciling and forecasting across treasury, payables and receivables. The cloud-based solutions give cross-functional stakeholders visibility and financial insight to make business-critical decisions in real-time, and improve long and short-term financial operations.Ĭloud-based, Modular Design Delivers Maximum Flexibilityīottomline utilizes cloud-based, next-generation technology to addresses the full payments and cash management lifecycle, including payables, receivables, transaction banking, and now treasury management functionality. ![]() Bottomline offers enhanced payments and cash lifecycle management, bringing together market-leading treasury management and business payments technology.
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