Debt Ceiling

Here’s What Happens If Congress Fails to Raise the Debt Ceiling

By Michael Rainey

What happens if Congress fails to raise the debt limit? A new report from the Bipartisan Policy Center examines that question in detail, and the results aren’t pretty. Here are some highlights — or...
Why Raising the Debt Ceiling Won’t Be a Problem This Year

By Rob Garver

The final wall of resistance to a “clean” increase of the federal debt ceiling, necessary to avoid a potentially catastrophic government default later this year, appears to have fallen, with White...
Top GOP Conservative: We Won’t Play Around With the Debt Ceiling

By Rob Garver

When it comes to the perennial fight to raise the federal debt ceiling, it’s usually best to assume that the struggle to give the Treasury Department clearance to actually pay the debts that the...
Raise the Debt Ceiling Now, or Face Another Post-Summer Crisis: Meadows

By Eric Pianin

Rep. Mark Meadows, R-NC, one of the most influential conservatives in the House, said Monday he favors quick action this summer to raise the debt ceiling, taking a stand on an issue that is...
Here’s a Solution for the Annual Debt Ceiling Crisis: Get Rid of It

By Eric Pianin

With another debt ceiling crisis looming that threatens a first-ever default by the Treasury and another government shutdown, there is a growing school of thought in the Senate that lawmakers should...

The National Debt Is a Bigger Problem Than You Think

By Lawrence Goodman

The U.S. debt situation is worse than commonly realized. Unaddressed, the surge in Treasury borrowing over the last 10 years represents an accident in the offing.
Mulvaney’s Debt Ceiling Ploy Protects Treasurys, Not Social Security Checks

By Rob Garver

The Trump administration appears to be considering a plan to pay some government debts but not others if the debt ceiling isn’t raised on time. It’s a plan economists and financial markets experts...
White House’s Debt Ceiling Battle Could Trigger a Shutdown — and a Recession

By Eric Pianin

At a time when worldwide confidence in the U.S. has already been badly shaken by President Trump’s go-it-alone, “America First” approach to trade, NATO and climate change, a White House riven by...
New Debt Ceiling Deadline Could Ruin Lawmakers' Summer Vacations

By Rob Garver

The federal debt limit, previously thought to be an issue that could be postponed to the fall, may need to be raised prior to the August recess, complicating the lives of top Republicans in Congress.
The Great Risk Shift Is Back

By Mark Thoma

The vote in the House of Representatives to dismantle Obamacare was not the only attempt to undo key legislation from the Obama years that occurred last Thursday.

Congress’s Last Chance to Avoid a Fiscal Disaster

By Eric Pianin and Rob Garver

Momentum is building for a two-year bipartisan budget deal by the end of the week as Congress appears determined to end a dismal legislative and political year on something of a high note.
The Surprising Reason 1 in 4 Americans Would Move

By Jay Macdonald, Bankrate

More than 1 in 4 Americans would vote with their feet and relocate to another county or state to obtain better or cheaper health coverage, according to Bankrate's latest Health Insurance Pulse survey.
Enter New Budget Deal, Exit Loathsome Sequester

By Eric Pianin

After a year of messy, across the board spending cuts, widespread employee furloughs and warnings of a hollowed out military, congressional budget negotiators appears to be close to a deal that would...
Accounting Fraud at the Defense Department? Shocking!

By Brianna Ehley, The Fiscal Times

The agency in charge of keeping the Pentagon’s financial house in order might be sweeping tax dollars under the rug while its auditor looks the other way. The Defense Department’s flagship accounting...
Consumer Alert: 4 Pricing Tricks in Black Friday Ads

By Matthew Ong, The Fiscal Times

What’s a shopper to do when plotting out a Black Friday strategy? Peruse the ads carefully. Here are four retailers’ favorite Black Friday pricing tricks – and your best moves for beating them.

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