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.

Cliff Drama’s Final Act Brings Biden on Board

By Josh Boak and Eric Pianin, The Fiscal Times

Sunday seemed in many ways like it was building to the tragic climax in the fiscal cliff drama, but it was actually just the end of the opening act. Plenty of challenges remain even if President...
GOP May Lose a Lot More Than Cliff Tax War

By Craig Shirley, The Fiscal Times

As President Obama and congressional leaders continue to joust in a last-ditch effort to avert the fiscal cliff , it’s time to articulate a brutal truth: There has never been a more incompetent group...
Obama Presses GOP on Deal As Cliff Deadline Nears

By Eric Pianin

The president urged Republicans to support a deal emerging in the Senate to extend Bush-era tax cuts to all but the wealthiest taxpayers, protect unemployment benefits for 2 million Americans and...
A Fiscal Cliff Timeline, Built by Partisan Politics

By The Fiscal Times Staff

Political gamesmanship, bitter ideological divisions and repeated miscalculations by both parties over the past two years all helped to put the country on the road to the fiscal cliff.
New Debt Ceiling Standoff May Cause Market Plunge

By Reuters

Investors fearing a stock market plunge - if the United States tumbles off the "fiscal cliff" next week - may want to relax. But they should be scared if a few weeks later, Washington fails to reach...

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