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The GOP Can’t Compromise, So What Happens Next?

The GOP can't raise the debt ceiling or keep the government open without Democratic votes.

Household Debt Growth YoY Now Equals Federal Public Debt Growth (Thanks To Debt Ceiling On Feds)

Yes, the US public debt is temporarily frozen at the statutory debt limit (with the exception of fiscal shenanigan with public debt held by investors versus intragovernmental lending). The post Household Debt Growth YoY Now Equals Federal Public Debt Growth (Thanks To Debt Ceiling On Feds) was originally published at The Wall Street Examiner. Follow the money!

Treasury Secretary Mnuchin getting married

In addition to worrying about the deadline for raising the debt ceiling, Treasury Secretary Steven Mnuchin has another very important date to remember: his wedding this Saturday to Louise Linton. … Click to Continue »

Sure, why not? Senate plans a debt ceiling vote in July too

Mitch McConnell's Republican caucus is suddenly feeling pretty cocky. After crafting healthcare repeal legislation entirely behind closed doors and suffering no consequences for it other than the jabs of a few whiny GOP members who appear poised to vote for it anyway, they now say they're going to take a debt ceiling vote too in July. Show More Summary

Congress, America, Innocence, War, Peace, Your Cat At Stake In GA-6

6 days agoNews : Huffington Post

Like what you read below? Sign up for HUFFPOST HILL and get a cheeky dose of political news every evening! Senate Republicans want to hold a preemptive vote to raise the debt ceiling, though destroying the global economy sure would be a way to avoid a sophomore slump after taking everyone’s health care away. Show More Summary

Senate Plans July Debt Ceiling Vote

Politico: “Senate Republicans are planning for a July vote to raise the debt ceiling, according to senators and aides. Though the Treasury Department has said that Congress can likely wait until September to avoid default, Senate Majority Leader Mitch McConnell [...]

White House Has No Plan to Address Debt Ceiling

“The White House lacks a unified plan to increase the government’s borrowing cap as a likely September deadline is drawing near,” the AP reports. Said budget director Mick Mulvaney: “It’s fair to say we haven’t settled on a final way [...]

White House without a plan to address debt ceiling

last weekNews : The Cutline

WASHINGTON (AP) — The White House lacks a unified plan to increase the government's borrowing cap as a likely September deadline is drawing near, said Mick Mulvaney, director of the Office of Management and Budget.

As deadline nears, White House without a debt ceiling plan

"It's fair to say we haven't settled on a final way to address the debt ceiling any more than the Hill has," Budget Chief Mick Mulvaney said. Continue reading ? The post As deadline nears, White House without a debt ceiling plan appeared first on PBS NewsHour.

White House without a plan to address debt ceiling

The White House lacks a unified plan to increase the government's borrowing cap as a likely September deadline is drawing near, said Mick Mulvaney, director of the Office of Management … Click to Continue »

White House without a plan to address debt ceiling

WASHINGTON (AP) — The White House budget director says the administration lacks a unified plan to increase the government's borrowing cap as a likely September deadline is drawing near.

Debt Ceiling? No Problem – Treasury Keeps on Issuing

The latest numbers from the Treasury should have us all troubled. Lee Adler builds analysis on why the black cloud from the debt ceiling storm is about to blow up... The post Debt Ceiling? No Problem – Treasury Keeps on Issuing was originally published at The Wall Street Examiner. Follow the money!

Federal Debt Ceiling Amid No Growth in Federal Tax Receipts (Nothing Has Been The Same SInce TARP)

What is the US Treasury to do? They are bound (sort of) by the Statutory Debt Ceiling and a Congress that works together like a mink and chickens. Federal tax receipts have been disappointing and below the Congressional Budget Office’s forecast. Show More Summary

Stockman Fears Fiscal Bloodbath As "Mother Of All Debt Ceiling Crises" Looms

Authored by David Stockman via The Daily Reckoning, While the Imperial City is frozen in the Second Coming of Comey, it doesn’t mean that the Washington spending machine is on pause. In fact, the Treasury’s cash balance yesterday stood...Show More Summary

Coming Soon: The Mother Of All Debt Ceiling Crises

This former Reagan White House cabinet member warns that President Trump faces a debt ceiling disaster like we've never seen before. Here's why his analysis shows fiscal crisis and what you need to know... The post Coming Soon: The Mother Of All Debt Ceiling Crises was originally published at The Wall Street Examiner. Follow the money!

"The Sooner We Do It, The Better": Congress Should Raise Debt Ceiling Before August Recess, Mnuchin Says

Treasury Secretary Steven Mnuchin reiterated his preference for the debt ceiling to be raised before lawmakers break for August recess during testimony before the House Appropriations Committee on Monday. Here’s Bloomberg’s summary of...Show More Summary

Treasury Secretary Mnuchin: US only has enough money to pay its bills through September

2 weeks agoNews : The Raw Story

Treasury Secretary Seth Mnuchin has requested that Congress lift the debt ceiling before it leaves for the August recess and warned the government is at risk of running out of money before September. “We’ve run lots of models and there are lots of different assumptions,” he said....

Trump is starting to draw battle lines with Congress on an issue with huge implications for the global economy

By sometime later this summer, Congress will have to raise the nation's debt ceiling. Both Congress and the Trump administration are starting to firm up their positions. Failing to raise the ceiling could lead to catastrophic effects...Show More Summary

Pelosi Was Just Confused Last Week; She's Now In Favor Of "Clean Debt Ceiling Increase"

Last Friday at her weekly press briefing, Nancy Pelosi caught a lot of folks, including us, off-guard when she suggested that she had no intention of supporting a debt ceiling increase. The comments led Bloomberg and others to speculate...Show More Summary

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