But misguided tax policy is nothing compared to the possibility that Washington will mishandle the upcoming deadline for raising the U.S. debt limit, which the Congressional Budget Office estimates could be breached during the first week …
The budget deal that Congress is expected to vote on this week has plenty of critics, but it would do one unarguably good thing: avert a debt ceiling crisis for the next year. But the bipartisan deal would accomplish that in a back-door way — …
President Donald Trump speaks during a celebration of the tax bill's passage with members of the House and Senate on Dec. 20, 2017, at the White House. (Olivier Douliery/Abaca Press/TNS) The financial doomsday clock is ticking, and, …
Neither party should mess with the debt limit, which now has to be raised in March or else the government might default. It was wrong of Republicans to use the debt limit as ransom during Barack Obama’s presidency; it would be wrong of …
Here we go again. If Congress — which is leaving town for its August recess — doesn't pass an increase in the debt ceiling by the end of September, the United States government will begin defaulting on its obligations, which could well …
With less than two months until Sept. 29, the date the Department of Treasury anticipates it will no longer be able to pay the government's bills, the White House is asking Congress to raise the debt ceiling, despite Trump's criticism of …
An inter-party deal that leaves Congressional Republicans out in the cold. The discipline of the debt ceiling. Government excess. An attempt to fulfill campaign promises. The impact on markets. For all of us mere mortals, when the level of …
At its core, raising the debt ceiling is seemingly a simple function of Congress. But the battle over raising the cap on …