Congress has until March 15 to raise the federal debt ceiling. If not, the government may default on its debt. But Americans have heard this story many times in recent years. Throughout former President Barack Obama’s term, Congressional Republicans used ...
When the national debt ceiling's suspension was automatically lifted March 15, yet another countdown commenced. Congress will be compelled to raise the government's borrowing limit again before April 28 and fund the government. Meanwhile, the Congressional ...
Townhall · 1y
[This post on Debt Ceiling? No Problem – Treasury Keeps on Issuing is from Lee Adler. To find out more about his work – visit Wall Street Examiner.] The Treasury is playing games with its bookkeeping so that it can continue to raise new public debt ...
by Pete Kasperowicz | Mar 15, 2017, 12:01 AM Share on Twitter Share on Facebook Email this article Share on LinkedIn Print this article FILE - In this Dec. 31, 2013, file photo, a woman looks at the U.S. Capitol in Washington. After last fall's tumultuous ...
In a letter to House Speaker Paul Ryan, Mnuchin pointed out that the suspension of the statutory debt limit will expire on Wednesday, March 15, 2017. The following day, the outstanding debt of the United States will be at the statutory debt limit.
Dark days may be ahead if Congress can't resolve its dispute over the debt limit—a separate and larger issue than the shutdown. Photo by Saul Loeb/AFP/Getty Images On Oct. 1, the government will shut down. This is a bit of an embarrassment for the ...
Slate · 4y
Addressing these budget deadlines should be done with the CBO's warning in mind. It goes something like this: The government's overspending has produced a lot of debt, and it's adding debt at a pace faster than the economy is growing—so it will only get ...
Reason · 1y
President Obama speaks about fiscal cliff negotiations on Jan. 1, 2013, at the White House in Washington Photo by CHris Kleponis/AFP/Getty Images. With the fiscal cliff behind us, we now must look forward to yet another budgetary battle—over the debt ...
Slate · 5y