Budget Battles
-
New Poll Finds Liberals and Conservatives Agree: Tax the Super-Rich
-
Biden Vows US Will Pay to Rebuild Collapsed Baltimore Bridge
-
How Congress Wasted ‘Months of Precious Time’ on the 2024 Spending Bills
-
Senate Struggles to Avert Shutdown, Speaker Johnson Faces Revolt
-
Long-Delayed $1.2 Trillion Spending Package Zooms to the Finish Line
-
Debt Will Hit Record High This Decade, CBO Warns
-
Congress Races Against the Clock to Avoid Shutdown
-
Here’s What Happens If Congress Fails to Raise the Debt Ceiling
By Michael RaineyWhat happens if Congress fails to raise the debt limit? A new report from the Bipartisan Policy Center examines that question in detail, and the results aren’t pretty. Here are some highlights — or...
-
Why Raising the Debt Ceiling Won’t Be a Problem This Year
By Rob GarverThe final wall of resistance to a “clean” increase of the federal debt ceiling, necessary to avoid a potentially catastrophic government default later this year, appears to have fallen, with White...
-
Top GOP Conservative: We Won’t Play Around With the Debt Ceiling
By Rob GarverWhen it comes to the perennial fight to raise the federal debt ceiling, it’s usually best to assume that the struggle to give the Treasury Department clearance to actually pay the debts that the...
-
Raise the Debt Ceiling Now, or Face Another Post-Summer Crisis: Meadows
By Eric PianinRep. Mark Meadows, R-NC, one of the most influential conservatives in the House, said Monday he favors quick action this summer to raise the debt ceiling, taking a stand on an issue that is...
-
Here’s a Solution for the Annual Debt Ceiling Crisis: Get Rid of It
By Eric PianinWith another debt ceiling crisis looming that threatens a first-ever default by the Treasury and another government shutdown, there is a growing school of thought in the Senate that lawmakers should...
-
The National Debt Is a Bigger Problem Than You Think
By Lawrence GoodmanThe U.S. debt situation is worse than commonly realized. Unaddressed, the surge in Treasury borrowing over the last 10 years represents an accident in the offing.
-
Mulvaney’s Debt Ceiling Ploy Protects Treasurys, Not Social Security Checks
By Rob GarverThe Trump administration appears to be considering a plan to pay some government debts but not others if the debt ceiling isn’t raised on time. It’s a plan economists and financial markets experts...
-
White House’s Debt Ceiling Battle Could Trigger a Shutdown — and a Recession
By Eric PianinAt a time when worldwide confidence in the U.S. has already been badly shaken by President Trump’s go-it-alone, “America First” approach to trade, NATO and climate change, a White House riven by...
-
New Debt Ceiling Deadline Could Ruin Lawmakers' Summer Vacations
By Rob GarverThe federal debt limit, previously thought to be an issue that could be postponed to the fall, may need to be raised prior to the August recess, complicating the lives of top Republicans in Congress.
-
The Great Risk Shift Is Back
By Mark ThomaThe vote in the House of Representatives to dismantle Obamacare was not the only attempt to undo key legislation from the Obama years that occurred last Thursday.
-
Obama Uses Combative New Tone
By Peter Wallsten and Zachary A. Goldfarb, The Washington PostPresident Obama belittled congressional Republicans for taking vacations amid difficult deficit-reduction talks. He contrasted lawmakers with his young daughters. And he brushed off criticism of his...
-
What Debt Limit? Plan B is the 14th Amendment
By Bruce Bartlett, The Fiscal TimesFor more than I year, I have been warning about the danger of a debt default resulting from Congress’s failure to raise the debt limit in a timely manner. Now, we are getting close to the 11th hour...
-
Budget Talks Collapse over Demands to Raise Taxes
By Jennifer Depaul, The Fiscal TimesBipartisan budget negotiations fell apart Thursday as two key Republicans involved in the Joe Biden-led deficit discussions pulled out over Democratic demands that tax increases be part of the deal.
-
Pataki Edges Closer to Running for President
By Maureen Mackey, The Fiscal TimesFormer New York Governor George Pataki increasingly sounds like a candidate for the GOP Presidential nomination. In a wide-ranging and exclusive interview with The Fiscal Times, Pataki made his...
-
Democrats Accuse GOP of Sabotaging the Economy
By Jennifer Depaul, The Fiscal TimesBiden's Gang of Seven has yet to emerge from their foxholes to face the opposition and find a compromise on the deficit. Their entrenchment does not bode well for raising the debt ceiling in time to...