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 …
WASHINGTON — With the White House and Congress engaged in their second major battle in 18 months over the debt limit, some lawmakers, economists and analysts are offering a simple solution: Just get rid of it. The U.S. is one of the …
It could be that President Barack Obama and the Republican House of Representatives will again be able to avert fiscal and financial chaos through a short-term, ad hoc agreement on government funding and the “debt ceiling” limit. This would …
Congress is in the process of abdicating its power to control the borrowing of the U.S. government, at a time when the national debt exceeds $17 trillion and continues growing unabated. It waived this power twice last year, “suspending” …
It is debt-ceiling time again. On Saturday, suspension on the U.S. borrowing limit will be lifted and the Department of the Treasury will have to begin to employ extraordinary measures to stay under the cap. Fiscal tensions were defused, but …
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 …
But considering Congress' track record, it's safe to assume there is a non-zero chance that we do hit the debt ceiling. …
Many dismiss gold as a sort of lunatic fringe investment. But prices have continued to climb along with the level of the U.S. debt ceiling. The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time …
It was just over two years ago when Congress last fought about increasing the nation's borrowing limit. After that battle, Standard & Poor's downgraded the credit rating of the United States by one notch, and the S&P 500 stock index …