This article by David Haggith was published on The Great Recession Blog : While David Stockman stated early this year with resolute certainty that the debt ceiling debate would blow congress up and send the nation reeling over the financial precipice, I avoided jumping on the debt-ceiling bandwagon. Show More Summary
Another fight over the debt ceiling shows yet again exactly how our congressmen are in need of improvement.
.. the federal government's [FY 2017] cash deficit was $865 billion... And, again, that number would have been even worse if not for the debt ceiling that legally froze the national debt in place....Just like in 2016 (where the cash deficit was $1 trillion), this past fiscal year saw no major recession. Show More Summary
In mid-August, at the height of the North Korea geopolitical turbulence, and amid uncertainty about the Fed balance sheet unwind, fears of a government shutdown and the US debt ceiling, as well as the fate of Trump tax reform and Obamacare...Show More Summary
Gold is down over 1% this morning, extending recent weakness to 3-week lows on the basis that the world didn't end (and the debt ceiling was extended) we presume. Notably, both USDJPY and Bitcoin are mirroring the precious metal's move... It...Show More Summary
Trump has found that people like “the art of the deal” when it resolves political gridlock.
There’s no contest for the big winners this week. Fresh from a deal on the debt ceiling that chopped the legs out from under hard-line GOP budget hawks, House Minority Leader Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) got President Trump to sign onto a deal to fix DACA and allow these […]
Authored by Patrick Buchanan via Buchanan.org, “Having cut a deal with Democrats for help with the debt ceiling, will Trump seek a deal with Democrats on amnesty for the ‘Dreamers’ in return for funding for border security?” The answer to that question, raised in my column a week ago, is in. Show More Summary
Last week, Trump reached an unexpected debt ceiling deal with Senate Minority Leader Charles E. Schumer (D-N.Y.) and House Minority Leader Nancy Pelosi (D-Calif.) — two top Democrats. Trump then had dinner with Schumer and Pelosi Wednesday night, after which the two Democratic leaders announced a major agreement with the president that would ensure protections […]
First debt ceiling and now DACA. Do we dare hope Don, Chuck and Nancy will help Mitch and Paul get to other bipartisan compromises?: Our view
Who knew that deciding the fate of “Dreamers” would be trickier and more explosively controversial for a Republican president than agreeing to raise the debt ceiling? President Trump won plaudits for crossing up GOP leaders to summarily cut a deal with top congressional Democrats on three key fiscal...
President Trump has faced harsh approval ratings since taking office earlier this year, but a surge in one poll this week came after a big move -- reaching out to Democrats on Harvey relief and the debt ceiling. Read more... Permalink | Email this | Linking Blogs | Comments
Yes, the GOPe was really totally completely ready to start cutting the federal budget, until Trump made a three-month deal on the debt ceiling. And all the #FakeNewsConservatives on blogs and twitter that have repeatedly called anyone proposing budget cuts...
While some Republican lawmakers bristled at the deal President Trump cut with Democrats over government spending and the debt ceiling and are growing increasingly agitated at his efforts to reach across the aisle in the House and Senate, GOP voters think its a great move.
A new HuffPost/YouGov poll finds that Republicans approved of President Trump’s decision to side with Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi over his own party’s leadership on the debt ceiling deal, 62% to 18%. Trump [...]
A quote from Donald Trump’s “The Art of the Deal” perfectly encapsulates how keen he is to win the war of ideas rather than satisfy partisans: “What the bulldozers and dump trucks did wasn’t important, I said, so long as they did a lot of it.” He was describing a stunt he pulled in 1982...
Senate Republican leader Mitch McConnell said he does not think the debt ceiling limit would be eliminated permanently, an idea floated by Democrats and embraced by Republican President Donald Trump last week. “As far as the debt ceiling is concerned, we will not be revisiting the debt...
A debt ceiling deal has been done. While it’s only for 3 months, it means that the Treasury can resume borrowing without restriction. An increase in borrowing will be needed to repay internal funds that the Treasury has raided since the debt ceiling was imposed back in March. Show More Summary
President Donald Trump has thrown a wrench into the works of one of the Republicans' key tactics for pressuring Congress on spending, by proposing to get rid of the federal debt ceiling. After announcing the surprise deal with Democrats...Show More Summary
Last week, after popular vote loser Donald Trump threw Republican leadership under the bus to give Democrats Nancy Pelosi and Chuck Schumer their way on temporarily funding the government, lifting the debt ceiling, and providing theShow More Summary