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.

Obama Dismisses House Debt Plan

By Lori Montgomery Wp and PAUL KANE and WILLIAM BRANIGIN, The Washington Post

President Obama, warning that time is running out to lift the federal debt ceiling, said Friday that a House GOP plan has “no chance of becoming law,” and he urged Senate Democrats and Republicans to...
US Malaise, Debt Stalemate Shake Allies Globally

By JOE McDONALD

BEIJING (AP) — America's debt crisis and economic malaise are shaking confidence in its global leadership. Many governments see Washington's paralysis as political theater ahead of a presidential...
Senate Dems to Move Ahead with Debt-Limit Bill

By CHARLES BABINGTON

WASHINGTON (AP) — Senate Democratic leader Harry Reid served notice Friday that he's pushing ahead with his debt-limit bill as House Speaker John Boehner's rival measure languished in limbo, further...
Debt Crisis Was Fueled by Obama's Weak Negotiations

By Bruce Bartlett, The Fiscal Times

On August 4, Barack Obama will celebrate his 50th birthday. Among other things, this means that he was barely alive during the Cuban missile crisis , only in his twenties the year the Berlin Wall...
Undecideds Endure Hours of Lobbying

By DAVID A. FAHRENTHOLD and ROSALIND A. HELDERMAN, The Washington Post

The lobbying for Rep. Tim Walberg’s debt-ceiling vote began early Thursday morning. The third time it happened, it was only 7:20 a.m. and he was naked. “Hey, Walberg!” a voice called out to the two-...

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