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.

Tea Party on Debt Ceiling: ‘Quit Believing Obama’

By Jennifer Depaul, The Fiscal Times

Offering yet another alternative to the debt ceiling problem, Rep. Michele Bachmann, R-Minn., and two Tea Party-backed Republicans introduced a measure Wednesday that would prioritize federal...
Business Lobby Presses for Debt Ceiling Deal

By Jia Lynn Yang and Dan Eggen, The Washington Times

A sprawling coalition of Wall Street and Main Street business leaders sent an unmistakable message to lawmakers Tuesday: Enough squabbling. Get the debt ceiling raised. The message, sent in a letter...
America Is Paying Attention to the Debt Ceiling

By Liz Peek

Asked during his Monday press conference why 69% of Americans in a recent poll indicated they did not want the debt ceiling lifted , President Obama suggested that most people were not really paying...
McConnell Turns Debt Ceiling Into a Political Football

By Jennifer Depaul and Eric Pianin, The Fiscal Times

Republicans intensified their criticism of President Obama’s handling of the budget and debt talks and offered an alternative today to essentially scrap the negotiations and grant Obama authority –...
Cantor Plays Key Role in Deficit Talks

By DAVID A. FAHRENTHOLD and PAUL KANE, The Washington Post

The negotiating tactics of House Majority Leader Eric Cantor would probably make him lousy at selling cars. But as Congress and the president try to strike a deal on the national debt, they have made...

Search form