Trend Results : Debt Ceiling

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Gold’s ‘False Dawn’ May Depend on Looming Debt Ceiling

Gold prices fixed at Friday's benchmark auction in London with a gain of 1.4% for the first week of 2017, retreating from yesterday's 1-month highs as the US Dollar rallied following mixed US jobs data.

Trump risks U.S. default with debt ceiling denier Mulvaney as budget chief

So far, the defining trait of the incoming Trump administration is its staffing with extremists dedicated to destroying the agencies they are supposed to head. Friday was no exception, as President-elect Trump made the latest addition...Show More Summary

Trump's Tea Party pick for budget chief, and other MoneyWatch headlines,

Proposed U.S. budget director opposed raising debt ceiling; Apple contests EU's $14B tax ruling; and weather grounds thousands of U.S. flights. These headlines and more from CBS MoneyWatch.

Trump's Choice For Budget Director Doesn't Understand Debt Ceiling Default

Every time I think one of Trump's nominees can't be worse, he proves me wrong. But this one has very large real-world consequences for everyone, everywhere. Trump has nominated South Carolina Representative Mick Mulvaney to head up the Office of Management and Budget (OMB). Show More Summary

NFL lifts debt ceiling for Chargers

As the Chargers move toward moving to Los Angeles, a key piece of the financial puzzle has been put in place for them. Via multiple reports, the NFL’s owners have voted at their quarterly meeting in Dallas to increase the team’s debt ceiling to allow it to borrow a large chunk of its $650 million…

GOP Strategize About Raising the Debt Ceiling

Playbook: “Republicans on Capitol Hill are already beginning to fret over how they’ll lift the debt ceiling in the age of Donald Trump. Here’s how top Republicans are thinking of things. In the past, fiscal conservatives have insisted on cutting [...]

Donald and the debt ceiling suckers

2 months agoUS Politics / Liberal : Daily Kos

"Reagan," Vice President Dick Cheney said in 2002, "proved deficits don't matter." Unless, Cheney felt no need to mention, the occupant of the Oval Office is a Democrat. After all, Ronald Reagan had tripled the national debt in eight short years and George W. Show More Summary

Open thread: Media failures, processing the election, and an anniversary we shouldn't forget

2 months agoUS Politics / Liberal : Daily Kos

Coming up on Sunday Kos... Facebook fake news concern just mainstream media projecting, by Egberto Willies Normalizing the deplorable, the despicable, the supremacist and the violent, by Frank Vyan Walton Donald and the debt ceilingShow More Summary

The hole at the heart of economics

AMERICA has a debt ceiling. It’s a statutory limit on how much debt the federal government can issue. For most of its existence (the ceiling will turn 100 next year) Congress has simply voted to raise the limit when borrowing threatens to hit it. In 2011 and 2013, however, Republicans in Congress chose a different approach.

Why Wasn’t Trump Stopped?

Jeff Greenfield: “In part, it’s because the Republican Party had already embraced behavior that would once have been unthinkable. Of course you can’t really threaten not to raise the debt ceiling; that would risk something close to a global financial [...]

Infrastructure Spending Can Be Funded, And Help Savors Too

There are many credit facilities that can be tapped to fund infrastructure spending and provide income for savors without breaking debt ceiling barriers.

The legacy of the 2011 debt ceiling fight is the biggest issue the next president will face on day one

Five years ago, President Barack Obama signed into law what Todd Harrison, the director of defense budget analysis at the Center for Strategic and International Studies, says will be the biggest challenge for the incoming administration:...Show More Summary

Millennial Money Problems: How I Got Control Over My Finances and Blew Up the Ceiling of My Earning Potential

I'm the last person to talk about money... but not because I'm bad with it. Actually, my credit score is over 800; I've never been in debt; and I'm not a crazy spender. I'm the last person to talk about money because, for most of myShow More Summary

Unlucky Combination of Risks: US Default Chance Hit 4-Month Highest

One of the riskiest financial market tools, credit-default swaps on US 10-year Treasuries, hit their multi-month highest, suggesting an increased risk of the US piercing its debt ceiling, or a sovereign default, or a dollar devaluation in the coming months amidst the risks of recession, electoral uncertainty, Brexit, and hike in Fed funds rates.

FOIA'd Documents Prove: The Obama Administration Lied When It Claimed It Could Not Prioritize Spending During a Shutdown to Avoid a Default

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 t…

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 […]

The Solution to the Debt Ceiling Debacle: New at Reason

12 months agoNews : Reason

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

ALERT: While You Were Focused on Iowa, THIS Happened…

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

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