I know, I know. You think I'm crazy. But hear me out. During the fights about the debt ceiling -- in 2011 and 2013 -- people who wanted to reduce spending noted, correctly, that a simple expiration of a government...
OBAMA LIED, THE DEBT CEILING DIED: Veronique de Rugy reports for National Review. Well, as it turns out, documents subpoenaed by the House Financial Services Committee reveal that during the 2013 debt ceiling debate, ”the Obama Administration is not only capable of prioritizing payments in case the nation’s borrowing authority is not raised, it has […]
Today the House Committee on Financial Services' Subcommittee on Oversight and Investigations held a hearing titled "Federal Spending and the Debt Limit." Among the witnesses was George Mason University Mercatus Center Senior FellowShow More Summary
Dear God… the national debt is now above $19 Trillion and with the debt limit ceiling suspended until March of 2017, it will grow to more than $20 Trillion by
Two months ago, when we calculated that the US would need a new "debt ceiling" of $19.6 trillion to last until after Obama's tenure, we may have been too optimistic: since the increase in the hard debt limit of $18.15 trillion whichShow More Summary
The United States currently functions without a debt ceiling. Legislation in November suspended it through March of 2017, and it should stay gone. Others have agreed--most notably James Surowiecki in "Smash the Ceiling" in The New Yorker (August 1, 2011). Show More Summary
Xinhua reports debt at end-2015 on track to reach ceiling imposed earlier his year.
It's all over now except for the politicking. The government will remain open throughout 2016, Republicans having forfeited every opportunity for a shutdown by agreeing to raise the debt ceiling in the deal brokered by John Boehner as he departed Congress and now by funding government until October. Show More Summary
Toronto has a debt ceiling, too. But as the City gets close to its limit even without counting $23 billion of unfunded projects, council will face some tough choices. This article is part of Torontoist’s special 2016 municipal budget coverage. Show More Summary
The deadline of funding government by this Friday is almost certainly blown, with a short-term funding bill likely. While outgoing House Speaker John Boehner gifted the nation a Republican House that extended the debt ceiling and agreed...Show More Summary
What if I told you there was a 'Republican' who is not only pro-abortion ("Basically a liar" sinking pro-life efforts), but voted for the debt ceiling increase, for Ex-Im, against the sequester, and against the RSC alternative budget? This is someone who's bad on most every issue we care about. Show More Summary
When the US reached a debt ceiling deal in the beginning of November, it was common knowledge that there would be a debt accrual "catch up" to make up for lost time when the US was operating under emergency measures to avoid breach of the debt ceiling. Show More Summary
The recovery rally in stocks in October was a direct result of Treasury paydowns, which was a temporary effect. That has been reversed as the debt ceiling was raised and the Treasury returned to the market with a vengeance, pounding it with $310 billion in net new supply since the end of October. Show More Summary
As we return to regular weekly reporting, the Treasury’s schedule has returned to something resembling normalcy. The huge post debt ceiling deal supply surge is in the process of being put to bed. The week ahead should be the last where supply is way above normal. Show More Summary
Now that Congress has agreed to an overall budget for the next two years and raised the debt ceiling until 2017, and the U.S. House of Representatives has a new speaker in U.S. Rep. Paul Ryan, the early conventional wisdom is that Washington has finally and mercifully turned the corner on governing by crisis. Show More Summary
The debt ceiling deal has been done and in the last week the Treasury came to market with massive new Cash Management Bills, big increases in the 4 week bill auction sizes, and moderate increases in other bills, notes and bonds. All of this began to pressure the Treasury market immediately. Show More Summary
Worlds Largest Debtor Ever Raises U.S. 'Debt Ceiling'...Again The US government has once again agreed to increase it’s so-called debt “ceiling” – this time from $18.5 trillion to $20 trillion. The so-called debt ceiling is recognized industry-wide as a complete misnomer. Show More Summary
The House of Representatives and Senate passed a budget agreement that raised the debt ceiling this week and paved the way for a spending bill to keep the government funded. The deal has implications for retirees and retirement planning thanks to provisions affecting Medicare premiums and Social Security strategies. Digging into [...]
The US would face imminent economic disaster in case if the US national debt limit wasn’t raised from 18 trillion dollars to 20 trillion in the recently adopted two-year budget deal, the head of a nonpartisan foundation told Radio Sputnik.