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.

Jindal: Go Beyond the Red Ink and Remake the GOP

By Josh Boak and Eric Pianin, The Fiscal Times

The GOP is getting prepped for reconstructive surgery. Winning back the White House and public favor will require a facelift of their message and priorities. Polls show that Republicans must connect...
GOP Mission Impossible: A Balanced Budget in 10 Years

By Josh Boak and Eric Pianin, The Fiscal Times

House Speaker John Boehner thinks the country is shocked to learn that balancing the budget could take as long as 10 years. It should shock his fellow Republicans. The budget passed by the House GOP...
Our National Debt: An Odyssey that Speaks Volumes

By Edward Morrissey

While it’s tempting to see the battles over budget deficits and fiscal cliff “crises” as a relatively new phenomenon, we have actually progressed toward this state for decades. A new report from the...
GOP Rally Cry - ‘Broaden the Base, Lower the Rates’

By Eric Pianin

Budget Committee Chairman Paul Ryan this morning affirmed the Republicans' determination to push through a new budget that would wipe out the deficit in ten years and reform the tax code to broaden...
Senate Dems Promise First Budget in 4 Years

By Rosalind Helderman, The Washington Post

The Senate Budget Committee will draft a budget blueprint this year, chairwoman Patty Murray (D-Wash.) announced Wednesday, the initial step toward the first adoption of a Senate budget in four years.

Search form