At its core, raising the debt ceiling is seemingly a simple function of Congress. But the battle over raising the cap on how much debt the US federal government can incur emphasizes divides not only in Congress but also within President Donald …
The next fight over the debt limit could take place earlier than anticipated. The Republican tax bill could force Congress to act sooner to raise the nation's $20.5-trillion borrowing ceiling because less money is expected to flow into the Treasury in ...
Editor’s note: The U.S. government maxed out its credit card in March and has been moving money around ever since to avoid running out of cash. But very soon we will reach the limits of this financial sleight of hand, and Congress will have to either ...
We all know that politics makes strange bedfellows, but the events of the last couple of days leave even the most politically savvy analysts scratching their heads. This week, President Trump struck a deal with Democratic congressional leaders to ...
The Hill · 8mon
Gold is trading at its highest level since November 2016. Let’s take a look at gold’s reaction to previous U.S. government shutdowns, debt ceiling crises. How gold will respond this time? As far as I am concerned, I decided to increase the size of my ...
Seeking Alpha · 8mon
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 of March.
Dealbreaker · 3mon
In short, the debt ceiling is back and so is the largest, most predictable crisis in U.S. history. The debt ceiling is both a signaling device, pointing toward a much greater challenge, and an action-oriented, fiscal tool to bring Washington’s ...
Yesterday, President Trump infuriated fellow Republicans by agreeing to Democratic plans for a short-term debt-ceiling hike, rather than the longer-term one they favor. But something far more significant came out of the meeting: Trump and the Democratic ...
As has happened more than 100 times before, Congress just raised the debt ceiling, the legal amount our government can borrow. In the past, this act has occurred smoothly, and on many occasions, it has been used productively to spur fiscal efforts from ...
President Trump appears to have signed on to a very good idea: scrapping the debt ceiling. It may be unwise or premature to make too much of this, such as by heralding it as a dramatic change in approach at the White House, but numerous reports out of ...