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Posts related to ‘debt ceiling’

West side view of the United States Capitol building.

U.S. House Kicks the Can on Debt Ceiling

Posted: January 23, 2013 at 1:49 pm

The U.S. House of Representatives today approved legislation that lifts the debt ceiling and allows the Treasury Department to borrow more money. The bill postpones the day of decision from ...
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Money, US, $100 bills

Stocks to Buy for the Coming Rise in Interest Rates (UBS, AMTD, SCHW, LNC, UNM, HIG)

Posted: January 15, 2013 at 9:42 am

We recently wrote that shorting the Treasury bond market may very well be the next biggest short-sale trade since the subprime mortgage short. While rates have dipped a little in the ...
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Money, US, $100 bills

The Debt Ceiling and the $1 Trillion Coin

Posted: January 7, 2013 at 11:02 am

All the attention paid to avoiding the fiscal cliff may have obscured an even more important legislative failure. Congress did not act to raise the U.S. debt ceiling by the ...
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Congress, White House Prepare for Looming Budget Battles

Posted: November 9, 2012 at 6:54 am

The most widely covered story by the financial press, and perhaps the news media in its entirety, between now and year's end will be the war between the president and ...
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Budget Deal: No New Taxes

Posted: August 1, 2011 at 6:29 am

"Read my lips: no new taxes"--George H. W. Bush at the 1988 Republican National Convention The final budget bill crafted to allow an increase in the debt cap will be ...
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D-Day Minus 6: Countdown to Default?

Posted: July 27, 2011 at 9:12 pm

Six days before the United States will have insufficient funds to pay all its creditors, Republicans and Democrats have yet to reach an agreement on how to avoid default and ...
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Debt-Ceiling Deal Appears Closer to Becoming Reality

Posted: July 20, 2011 at 12:01 pm

The debt-ceiling Armageddon being fought in Washington has never been chiefly about money. Because everyone except the most extreme members of the Tea Party Movement knows that the debt limit ...
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The Most Complex Budget Proposal: Too Much, Too Late

Posted: July 19, 2011 at 6:21 am

Senator Tom Coburn of Oklahoma spent most of Sunday promoting his plan to transform the U.S. budget on network TV. He released the 600-page proposal today. It was not worth ...
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Debt-Ceiling Debate: Anxiety Grows as Solution Remains Elusive

Posted: July 15, 2011 at 2:23 pm

Americans are watching an extreme and dangerous game of chicken played out among the most powerful of our elected officials. Who will blink first? Who will win? And what will ...
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The Twitter-24/7 Wall St. Market Report (7/11/2011) Oil Below $95, Whole Foods Upgrade

Posted: July 11, 2011 at 9:00 am

Twitter  has, by most estimates, 225 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have ...
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Bill Clinton Was Right About The Debt Ceiling: Daily Austerity Watch

Posted: May 26, 2011 at 11:42 am

Former President Bill Clinton got in hot water yesterday for arguing that a default on the U.S. might not be as calamitous as some have suggested.  The "Comeback Kid" quickly ...
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A Little US Government Shut Down

Posted: February 4, 2011 at 5:37 am

The fight over the increase in the US debt ceiling is on hold for awhile. The Treasury Department said tax receipts were higher than expected so the ceiling may not ...
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