Treasury Secretary Steven Mnuchin said the Treasury is closely following the growth of cryptocurrencies, particularly bitcoin. Mnuchin addressed the possible government shutdown, the debt ceiling, and the new tax law during a talk at...Show More Summary
The next fight over the debt limit could take place earlier than anticipated. The Republican tax bill could force Congress to act sooner to raise the nation’s $20.5-trillion borrowing ceiling because less money is expected to flow into the Treasury in coming weeks. On top of that, the possibility...
Despite the GOP's tax reform victory, over the past few weeks, Congress once again punted on a formal decision how to keep government funded and what to do with America's debt ceiling and as a result US legislators simply kicked the can on the agreement of raising the nation’s borrowing limit for another few months. Show More Summary
Rep. Doug Collins (R-GA), “a member of House GOP leadership and the head of a working group of House Republicans on the debt limit, said lawmakers were considering increasing the debt ceiling as part of the bill funding the government [...]
US government shutdowns occur when Congress is unable to pass a bill to fund the government before the deadline. The government's spending is also linked to the US debt ceiling, which prevents the government from borrowing too much money...Show More Summary
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.