Debt Ceiling
Fitch Ratings has warned that the U.S. AAA debt rating is in jeopardy if the debt ceiling is not raised before it reaches its upper limit, now expected sometime in early October.
5 years ago
Last Updated: 3 years ago
Source: ThinkstockThe seemingly never-ending story of negotiations to end the Washington stalemate over the looming debt ceiling took a few more unexpected turns this after. First, the U.S. House...
9 years ago
Last Updated: 2 years ago
Source: ThinkstockCongress and the White House have become adroit at ignoring the desires of voters to resolve the issue of the government debt and sending home roughly 800,000 workers. So why should...
9 years ago
Last Updated: 9 years ago
Source: ThinkstockThe Organisation for Economic Co-operation and Development (OECD) is the latest organization to attack the budget freeze in Washington. Like the International Monetary Fund (IMF),...
9 years ago
Source: ThinkstockU.S. Appellate Court Judge Richard Posner weighs in Monday morning with a blog post on the approaching crisis over raising the federal debt ceiling. Posner, long associated with...
9 years ago
Last Updated: 2 years ago
Source: ThinkstockIt’s back! It is time for yet another round of political infighting over the lovely state of our nation’s finances. Monday was bloodied by undertones of war or military...
9 years ago
Source: thinkstockPresident Obama cannot run for office again, at least not for the presidency. So, the effects of his approval ratings are academic. However, he may care about how he is considered...
9 years ago
Source: ThinkstockThe Congressional Budget Office (CBO) reports that it is this simple: the cancellation of the automatic spending reductions specified by the Budget Control Act of 2011, or...
9 years ago
Source: ThinkstockThe 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...
10 years ago
Last Updated: 2 years ago
Source: ThinkstockWe 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...
10 years ago
Last Updated: 2 years ago
Source: ThinkstockAll 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 end of...
10 years ago
Last Updated: 2 years ago
Source: ThinkstockThe 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 Republicans...
10 years ago
“Read my lips: no new taxes”–George H. W. Bush at the 1988 Republican National ConventionThe final budget bill crafted to allow an increase in the debt cap will be shy one thing: There will be...
11 years ago
Last Updated: 11 years ago
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 obviate a momentous...
11 years ago
Last Updated: 11 years ago
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 must be...
11 years ago