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, Libertarians Win Big in GOP Platform

By Merrill Goozner, The Fiscal Times

Tea Party activists and libertarians who will be attending the Republican National Convention next week in Tampa won major victories in the draft platform that will be voted on by the full convention.
Fiscal Cliff: Defense Cuts Threaten a Brain Drain

By David Lawder, Reuters

The uncertainty over automatic cuts in U.S. defense spending to be triggered in January because of congressional inaction has spread to the engineers and project managers in South Florida's aerospace...
Fact Check: Dems Lie about Ryan's Medicare Plan

By Liz Peek

Democrats have either decided that lying to the American public is perfectly OK, or they haven’t done their homework. I’m not sure which is worse. Since the announcement that Wisconsin Representative...
Two Tax Breaks Romney Should Put on the Chop Block

By NICOLE GELINAS, City Journal

Republican presidential hopeful Mitt Romney wants to lower tax rates. Newly minted Republican vice-presidential hopeful Paul Ryan wants to cut spending by taking on America’s entitlement culture. The...
Paul Ryan’s Turbo Charged Climb Up the GOP Ladder

By Elaine S. Povich, The Fiscal Times

Rep. Paul Ryan, the youthful GOP vice presidential candidate whose deficit-cutting ideas are likely to reshape the presidential debates, learned politics and policy under the sway of a long string of...

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