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(CNN) –Two weeks after the bruising standoff ended over government spending and the debt limit, the House and Senate this week are taking the final steps to formally allow the debt ceiling to rise. As part of that agreement, each chamber has 15 days to ...
CNN Politics · ByTed Barrett · 10/30/2013
While the effects of the partial government suspension are starting to be felt, one thing's for sure: The budget stalemate woes would pale in comparison to the fallout from an impasse over the debt ceiling. The financial markets are already starting to get ...
FOX News · 10/3/2013
One year ago, the United States was engulfed in the debt-ceiling crisis of 2011, a self-inflicted wound as egregious as it was avoidable. As events proceeded in July of last year, people around the world surely must have wondered whether politicians in the ...
The Atlantic · 8/1/2012
ALMOST everyone takes it for granted that a failure to raise the debt ceiling will eventually force the United States to default on its Treasury debt. This notion is superficially puzzling. The question is addressed in this week's issue of The Economist.
The Economist online · 1/13/2011
While the debate surrounding the debt ceiling makes for good drama and gives politicians lots of face time on the cable new channels, the debt ceiling was never designed to reign in government spending. With the exception of Denmark, the U.S. is the only ...
The Daily Caller · 10/4/2013
If there was any doubt that Washington’s acrimonious debt fight created a new political reality, Senator Mitch McConnell of Kentucky dashed it on Tuesday. The very real threat of forcing the nation into a first-ever financial default — along with the ...
The New York Times · ByMichael D. Shear · 8/3/2011
For the second time in two years, the nation’s economy is being held hostage to a political debate about the debt ceiling. As the President has reiterated time and again, raising the debt ceiling does not authorize any new spending, but rather simply ...
Market Watch Commentary · 1/23/2013
It waived this power twice last year, “suspending” the debt limit and thereby granting the U.S. Treasury temporary blank-check borrowing authority. The latest suspension expires this Friday at midnight. The approach of that deadline should have sparked ...
The National Interest · 2/6/2014
Democrats, you may have noticed, have spent the past few days shopping around decades-old clips of Ronald Reagan explaining the importance of raising the debt ceiling. The implication: Even the Gipper would be on our side in our showdown with the …
Salon · BySteve Kornacki · 7/20/2011
With just two days to go before an Oct. 17 deadline to raise the nation’s debt limit, 51% of the public views a rise in the nation’s debt limit as “absolutely essential” in order to avoid an economic crisis, while 36% think the country can go past ...
Pew Research Center for the People & the Press · 10/15/2013