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 …
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 …
Ben Gersten: With the fiscal cliff deal behind us at last, the next big battle in Washington will focus on the U.S. debt ceiling, and the stakes are high. The United States officially hit the $16.394 trillion U.S. debt ceiling Dec. 31. The
On Feb. 7 the United States will once again reach its statutory debt limit, meaning it cannot legally borrow any more money. Since the obvious option of cutting spending to match the amount of revenue that the government collects is off …
The budget deal that Congress is expected to vote on this week has plenty of critics, but it would do one unarguably good thing: avert a debt ceiling crisis for the next year. But the bipartisan deal would accomplish that in a back-door way — …
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 …
You’d think that having already resorted to four stopgap spending bills since the current fiscal year began, with another almost certainly on the way on or before February 8, Congress’s GOP leaders would fear running out of luck before …
President Donald Trump is right for once. Last week he proposed that Congress repeal the debt ceiling, a spending limit based on a 1917 law that was intended to facilitate the issuance of bonds during World War I but has turned into a …
The announcement that House Speaker John Boehner has offered to take the debt ceiling off the table in the current "fiscal cliff" negotiations is, in one sense, a welcome development. If the Senate agrees, we will temporarily be spared …
One hears junkie talk in the words of Washington. Whether jonesing for a fix of chemicals or tax dollars, addicts rarely make sense. President Trump describes the debt ceiling as “really not necessary.” Senate Majority Leader Mitch …