One of the most revealing things about American politics, and of the journalists who cover it for a living, is the unspoken assumption that Democrats will rescue Republicans, and thus the country, from the reckless way they have treated the …
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 Wednesday. “Nothing has …
Re: “$17 trillion in debt and rising — who’s crazy now?” Oct. 27 letter to the editor. Letter-writer Jack Tanner has parroted what many in the Tea Party have said regarding the recurring argument over debt ceiling legislation. When he says …
Republicans are planning to attach a provision to raise the debt ceiling to their initial Hurricane Harvey relief package, …
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 …
With possibly less than a month before the United States hits its $16.4 trillion debt ceiling – aka falls off the "debt cliff" – the country is wondering what happens if Washington fails to raise the limit. Almost everyone agrees that even though …
There’s no actual debt ceiling right now. The fiscal deal passed by Congress on Wednesday evening to re-open the government and get around the $16.4 trillion limit on borrowing doesn’t actually increase the debt limit. It just …
The rollout of ObamaCare and the subsequent government shutdown have engaged the attention of millions of Americans. Unfortunately, both issues are inconsequential compared to what will likely be another battle over raising the debt
Answer: Not a penny more than $19.808 trillion -- that's the federal debt limit currently authorized by Congress, which we're expected to hit on or about Oct. 3. In layman's terms, that's the cap on how much debt the government can …
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 …