Another sad chapter.
Congress is up to no good.
Lawmakers passed a continuing resolution before the end of the fiscal year that will fund the government only until Dec. 9. This means Congress most likely will enact another spending package in a lame-duck session, with the strong temptation to bust the budget yet again.
With a $600 billion deficit already projected for fiscal year 2017, which began Oct.
As US publicly held debt will most likely reach 180 percent of GDP by 2039, exceeding the current Greek-level, the question arises whether America will face the fate of Greece, US analyst Romina Boccia asks.
By now, you know the great taxmageddon story: At the end of the year, a lame duck Congress and a new or newly re-elected president will face the confluence of three extraordinary challenges—the 2001/2003/2010 tax cuts expire, the au...
The fairest and quickest way to end America's short-term budget crisis is to pass a continuing resolution that funds the government, and to lift the debt ceiling so the government can borrow to pay the bills it has already incurred,...
Lawmakers in America are running out of time to raise the debt limit WHILE Congressmen trade over concessions and budget cuts, the clock continues to tick on America's debt. Barack Obama has set a deadline of July 22nd for Congress ...