Debt Ceiling

Here’s What Happens If Congress Fails to Raise the Debt Ceiling

By Michael Rainey

What 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 Garver

The 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 Garver

When 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 Pianin

Rep. 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 Pianin

With 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 Goodman

The 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 Garver

The 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 Pianin

At 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 Garver

The 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 Thoma

The 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.

Interest Groups Gear Up to Fight Cuts, Defend Tax Breaks

By Michelle Hirsch, The Fiscal Times

With the White House and Republicans moving toward a possible deal to raise the debt ceiling , corporate and other special interest groups are mobilizing to fight cuts in their prized programs and...
Boehner: Tax Reform on Table in White House Talks

By Jennifer Depaul, The Fiscal Times

House Speaker John Boehner, R-Ohio., said at a news conference this morning that proposals for comprehensive tax reform are “under discussion” in the debt-ceiling talks between the White House and...
GOP May Close Tax Loopholes If Rates are Reduced

By Jennifer Depaul, The Fiscal Times

House Majority Leader Eric Cantor, R-Va., suggested his party would be flexible about closing corporate loopholes as part of a comprehensive package to raise the $14.3 trillion debt ceiling only if...
3 Reasons Conservatives Must Cut a Debt Limit Deal

By Eric Schurenberg, The Fiscal Times

From a conservative point of view, the best thing for Republicans to do is to stop playing chicken over the deficit and debt ceiling and accept a compromise with the Dems, even if it means accepting...
10 Things You Need To Know About The Debt Ceiling

By Courtney Comstock

The good folks at the PEW Charitable Trusts prepared a great document that explains one of the top 3 debates in the country right now. Namely, should we raise the debt ceiling or "strategically...

Search form