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.

Breached!! U.S. Surpassed the Debt Ceiling Today

By Eric Pianin

It’s official now: The U.S. government has breached the current debt ceiling, and Congress probably has until the end of February to raise the cap before the Treasury begins to default on its...
Boehner Emphatic: There Will Be No Default on the Debt

By Eric Pianin

House Speaker John Boehner said today that he and his GOP members are “still looking for the pieces to this puzzle” to resolve a deadlock over the debt ceiling. But he was emphatic in stating that “...
Debt Ceiling Is the GOP’s New Third Rail of Politics

By Eric Pianin

It has long been an axiom on Capitol Hill that Social Security is the “third rail of politics – touch it and you die.” Now it looks as if the federal debt ceiling has become the new third-rail of...
Business Groups Warn GOP to Drop Debt Ceiling Battle

By Rob Garver

On the same day that Treasury Secretary Jack Lew urged Democrats to stand firm in demanding that Republicans allow a “clean” increase in the limit on federal borrowing, a coalition of business groups...
The Best Time to Buy Car Insurance

By Beth Braverman

Depending on the time of year you purchase it, car insurance rates can vary by close to 50 percent in some states, according to a new report by InsuranceQuotes.com.

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