Debt Ceiling
Treasury Secretary Janet Yellen identified June 5 as the day the U.S. government would default on its obligations, should congress fail to raise the nation’s borrowing limit. Though the Senate...
Published:
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.
Published:
Last Updated:
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...
Published:
Last Updated:
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...
Published:
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),...
Published:
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...
Published:
Last Updated:
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...
Published:
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...
Published:
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...
Published:
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...
Published:
Last Updated:
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...
Published:
Last Updated:
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...
Published:
Last Updated:
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...
Published:
“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...
Published:
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...
Published: