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.

Sequester Campaign Now Goes Door to Door

By Tw Farnam, The Washington Post

The conservative group Americans for Prosperity is mobilizing to pressure lawmakers not to delay cuts in government spending that are set to take effect next month. The campaign, dubbed the Spending...
The Minimum Wage: A No-Lose Issue for Democrats

By Bruce Bartlett, The Fiscal Times

The issue that seems to have gotten the most attention in Barack Obama’s State of the Union Address on Tuesday is his proposal to raise the minimum wage to $9 per hour from $7.25. The knee-jerk...
Obama Infantilizes Voters, Rubio Sees Their Strengths

By Liz Peek

Barack Obama and Marco Rubio spoke to the nation this week – men whose lives have followed similarly brilliant paths but whose politics have been pickled in very different brines. The juxtaposition...
$500 B, No End in Sight—America Is the Afghan ATM

By David Francis

As the United States prepares to leave Afghanistan, GAO warns that gains made in the last decade will be lost without long-term U.S. financial support.
Surprise: First Budget Surplus Since 2008

By Reuters

The budget registered a $3 billion surplus, the first time there had been a surplus in January since 2008

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