Attention is turning towards raising the federal debt ceiling, which will be reinstated on March 16, 2017 as the debt approaches $20 trillion. At that time, the Treasury Department will begin using accounting tools at their …
Committee for a Responsible Federal Budget
The debt ceiling is essentially the U.S. Treasury’s credit limit. And since its creation in 1917, Congress has regularly voted to increase it. But over the last few decades, those increases have come with increasingly …
Charles Schwab Corporation
Washington (CNN) - There is no daylight between his vote against raising the debt ceiling as a senator in 2006 and his call for Congress to increase the limit in the next 10 days, President Barack Obama said …
Barack Obama
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 …
Maine
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 …
British Sky Broadcasting
But investors seem to be overlooking the risk of a U.S. government default resulting from a failure by Congress …
Systemic risk
On Wednesday, the temporary suspension of the debt ceiling ended, and so now the federal government is …
Donald Trump
Two days ago, President Trump sent out a tweet crowing that the national debt went down by $12 billion in the first month of his administration, as compared to the first month of the Obama regime, when it went up by …
Ceiling
The biggest difference between a vision and a hallucination are the number of people who can see it. Even many who voted for President Obama are restless; the hope and change he promised is turning into a nightmare. In …
"Everbody freeze! Everbody down on the ground!" So orders an armed but hapless bank robber in the clipped dialect of the Coen brothers' screenplay for the farcical comedy Raising Arizona. His life on the line, a teller …
The Last Word