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.

The Best Time to Buy Car Insurance

By Beth Braverman

Depending on the time of year you purchase it, car insurance rates can vary by close to 50 percent in some states, according to a new report by InsuranceQuotes.com.
Did Debt Ceiling Fever Break, or Go into Remission?

By Rob Garver

The deficit and the debt ceiling all but disappeared as issues in the State of the Union address Tuesday, marking a major change from last year. With the House GOP apparently poised to concede a...
Mitch McConnell Hints at Another Debt Ceiling Showdown

By Eric Pianin

Senate Minority Leader Mitch McConnell (R-KY) on Sunday indicated the Republicans will try once again to gain a major legislative concession from President Obama over raising the debt ceiling,...
Walker Burnishes Conservative Cred in State of the State

By Rob Garver

With one of his prospective rivals for the 2016 GOP presidential nomination deluged by scandal, Wisconsin Gov. Scott Walker takes the stage tonight to deliver his State of the State address.
Here’s the Giant Shoe About to Drop on the Economy

By Rob Garver

Assuming economic conditions continue to improve, incoming Federal Reserve Board Chair Jane Yellen will, sooner or later, preside over substantial increases in interest rates – and when she does, the...

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